Press
Steamboat-Hayden, CO - Galaxy Aviation announces the acquisition of the FBO service provider at Yampa Valley Regional Airport (HDN) in Hayden, CO. Yampa Valley Regional Airport, with its 10,000 foot runway, is the only field serving Steamboat Springs that is capable of accommodating the largest GA aircraft. Galaxy was able to simultaneously negotiate a purchase agreement with the Seller, Spectrum Jet Center, and a new long term lease agreement with Routt County and close the transaction all within 90 days. According to Martin F. Greenberg, Chairman of Galaxy Aviation, “Like many sellers, Spectrum wanted a straight-forward, all-cash deal and a quick closing. Unlike many of the other interested buyers in the marketplace today, we are able to meet those seller objectives because we are cash buyers and our “investment committee” is made up of one decision maker – and that’s me.” The new FBO at Steamboat Hayden marks the sixth location on the map for Galaxy Aviation, making it one of the largest privately owned FBO chains in the Country. “Steamboat-Hayden is a perfect compliment to our portfolio of luxury resort locations. The area is experiencing tremendous growth with the recent purchase and re-development of the Steamboat Ski Resort by Intrawest. We expect this growth will be in high-end properties as the Aspen and Vail areas to our south become over crowded and lose their charm as a result.” says Greenberg. Interested sellers should contact Jonathan Miller at Galaxy Acquisition Corp. (561) 416-0142, Ext. 157.