Denver company agrees to buy Bradley Pacific Aviation Inc.
Honolulu-based Bradley Pacific Aviation Inc., which provides fuel and passenger services to corporate jets at six isle airports, has reached an agreement to be sold.
The sale to Ross Aviation LLC of Denver, disclosed yesterday in a filing with the state Department of Labor and Industrial Relations, is expected to close no earlier than Jan. 22. The companies did not disclose the terms of the deal. The new company will be called Bradley Ross LLC.
Robert Yosaitis, president of Bradley Pacific, said in the labor notice that representatives of the new company have indicated that they do not intend to replace Bradley Pacific's 145 employees. "However, no final employment decisions have been made at this time," Yosaitis said.
Bradley Pacific, founded in 1998, has service centers, or fixed-base operations, in Honolulu, Maui, Kauai, Lanai, Kona and Hilo. It calls itself the largest aircraft refueler in the state, pumping more than 1 million gallons of fuel daily.
The company also provides ground services such as discreet arrivals and departures, flower lei greeting, gourmet catering, hotel coordination for passengers and crew, limousine service, and customs, immigration and agriculture clearance.
Ross Aviation, whose original principals are industry veterans Jeff Ross and Greg Ross (no relation), was formed in 2004 with the financial backing of private-equity investment firm Centre Partners. In December of that year, Ross Aviation and Centre Partners teamed up to acquire Denver Air, the leading fixed-base operator at Jefferson County Airport in Broomfield, Colo.
Since then, Ross Aviation has purchased Scottsdale AirCenter at Scottsdale Airport in Arizona and Santa Fe Jet Center at Santa Fe Municipal Airport in New Mexico.
"By acquiring established superior operations, teaming with seasoned senior management professionals, and providing expansion and growth capital and vision, we intend to become a major industry player," Ross Aviation said on its Web site.