Sidley represented The Arnold Companies (TAC) in the sale of its TAC Air division to Signature Aviation, the world’s largest network of fixed-base operators (FBOs). Through the sale of TAC’s TAC Air division, 14 TAC Air locations will rebrand and join the Signature network. The acquisition marks Signature’s entry into 11 new markets within the heartland of the United States, including Salt Lake City, UT, Lexington, KY, Buffalo, NY, and Knoxville, TN. Signature’s on-site presence at Denver Centennial Airport in Colorado and Dallas Love Field in Texas is further expanded through supplemental facilities, representing the company’s second and fourth FBO terminals, respectively, at those airports. Signature will also assume ownership of the TAC Private Hangars complex at the Scottsdale Airport in Arizona. Signature will immediately begin to transition TAC Air locations into the Signature network, with full integration and program support anticipated by the end of 2022.
The Sidley team was led by Brian Fahrney, Sara Garcia Duran, and Leigh Rorick (M&A and Private Equity), and included Nick DeAngelis, Ellen Heighten, Adrienn T. Portnoy, and Danielle N. Sismour (M&A and Private Equity); James W. Lowe and Karen Kazmerzak (Antitrust/Competition); Robert S. Velevis and John Gibbons (Commercial Litigation and Disputes); Eric M. Winwood and Tom Topping (Employee Benefits and Executive Compensation); Heather M. Palmer and Allen S. Braddock (Environmental); Howard J. Stanislawski (Government Contracts); Joe Zenruffinen (Global Finance); Scott J.F. Goldstein (Insurance); Teresa L. Reuter, Natalie C. Chan, and Vera M. Iwankiw (Labor and Employment); Colleen Theresa Brown and Lauren Kitces (Privacy and Cybersecurity); Erin Felchner and Will Otter (Real Estate); Suresh T. Advani and Jennifer Waclawik (Tax); Lauren G. Grau, Kyle Barnett, and Dina M.P. Kang (Technology and Life Sciences Transactions); and Bart J. Biggers (Transportation).