InstarAGF acquires majority stake in Skyservice Investments

InstarAGF Asset Management has acquired a majority ownership interest in Skyservice Investments Inc, a Canadian provider of business aviation services operating in facilities in Toronto, Montréal, Calgary and Ottawa. No financial terms were disclosed. The seller was Fulcrum Capital Partners, which invested in Skyservice in 2012. InstarAGF, which two years ago acquired a stake in Billy Bishop Toronto City Airport, said it will partner with management to "augment the company’s value proposition and growth opportunities." Toronto-based InstarAGF invested via its InstarAGF Essential Infrastructure Fund, which raised $740 million earlier in 2017.

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