The acquisition of Atlanta-based Hill follows Priester’s purchase of Denver-based Mayo Aviation last year.
Priester Aviation has made its second M&A move snapping up Atlanta’s Hill Private Aviation.
Last year, Chicago-based Priester acquired Denver-based Mayo Aviation.
The two deals follow the same strategy of targeting well-established management and charter providers still operated by their founding families.
Priester was founded in 1945, and Hill traces its routes to 1955.
Guy Hill, Jr., son of Founder Guy Hill, will continue in the business.
“Just like our clients know that I’m ultimately the person they can talk to and answer any concerns, Guy Hill has led the way in Atlanta, and he’ll still be doing that. When you’re able to connect directly with the person whose name is on the door, that’s significant,” Priester Chairman and CEO Andy Priester said in prepared comments.
According to its website, Hill’s charter fleet includes Cessna CJ1 and Citation II jets.
Hill’s FBO at Fulton County Airport is not part of the transaction.
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