6.6.1.4Vertical

Fixed Base Operators (FBO)

FBOs providing fuel, hangars, and services to general aviation aircraft.

Market snapshot

These figures describe Airport Operations & Management (6.6.1), the segment that Fixed Base Operators (FBO) sits within — not Fixed Base Operators (FBO) on its own.

Market size
~$38B
Growth
~7.9%CAGR (2017–22, nominal)
Companies
~6,500
FragmentationFragmentedEstimate

U.S. Census Bureau 2022 CBP/Economic Census, NAICS 488111 (air traffic control) + 488119 (other airport operations) + 488190 (other air support) — private operations/support; airports are largely publicly owned. 2022 reflects the air-travel rebound.

Business model & economics

Revenue model

Ground handling, FBO, concessions, and operations fees

Key economics

Recurring revenue
Moderate–High

recurring operations and concessions

EBITDA margin
Operations- and concession-driven
Capex intensity
Moderate

Characteristics

  • Terminal ops, ground handling, FBOs, and concessions.
  • Air-travel recovery driving growth.
  • Infrastructure capital entering FBOs and concessions.

M&A deal context

Deal activityHigh

Who’s acquiring

  • FBO & ground-handling consolidators
  • Infrastructure funds & concessionaires
  • Aviation-services platforms

What’s driving deals

  • FBO and ground-handling roll-ups.
  • Air-travel recovery and concessions.
  • Airport P3s and infrastructure capital.

Find Fixed Base Operators (FBO) acquisition targets

Search Acquisera’s index for companies classified under Fixed Base Operators (FBO) (6.6.1.4) and build a targeted deal pipeline.

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