Priester Aviation, specialising in aircraft management and private travel solutions, will acquire Mayo Aviation. Both companies will have separate brands and operations and will work for creating greater enhancement for clients.
Priester Aviation Chairman and CEO Andy Priester said: “By coming together, we will be able to do more for all of our clients with the same energy and engagement they have enjoyed for decades. We will do more for our teams by preserving and growing the culture of who we are. We will also be able to offer more opportunities to our teams.”
Bill Mayo, CEO of Mayo aviation said: “This is not like other acquisitions that have become popular in our industry. The focus of our partnership is honouring and building on the incredible relationship Mayo Aviation has with aircraft owners, team members, and vendor partners. Relationships are the foundation that Mayo and Priester have been built on, and that foundation will continue to be our focus in the future.”
The partnership brings together two of the largest family-owned companies in private aviation. Mayo Aviation was established in 1978 by CEO Bill Mayo’s parents, while Andy Priester is the third generation to helm the company founded by his grandfather, George, in 1945.