#USA #New York #Bain Capital #Ridgewood Infrastructure #APP Jet Center

Ridgewood Infrastructure Completes Strategic Sale of APP Jet Center

On March 11, 2026, Ridgewood Infrastructure, an investment firm specializing in essential infrastructure, announced the successful sale of APP Jet Center (APP) to Bain Capital. This strategic move is a noteworthy event within the lower middle-market infrastructure landscape in the United States, particularly in the realm of aviation services.

APP Jet Center operates as a fixed-base operator (FBO) delivering critical aviation infrastructure services across prominent metropolitan areas in the U.S. The company boasts high-quality facilities that cater to a diverse clientele, including corporate, governmental, and private aviation customers. Ridgewood acquired a controlling interest in APP through a bilateral transaction, collaborating closely with management to implement organic growth initiatives that significantly enhanced operational capabilities. This included an expansion of hangar capacity and a key acquisition that strengthened their foothold in Florida, which is recognized as one of the most vibrant markets for private aviation in the nation.

Ryan Stewart, a partner at Ridgewood Infrastructure, expressed pride in the achievements made during the partnership with APP's management team. He emphasized that the focus was on delivering consistent, high-quality services to customers while carefully navigating the growth of the business. Through the enhancement of leadership, operational discipline, and investment in additional capacity, Ridgewood successfully positioned APP as a comprehensive and strategic player in the general aviation infrastructure sector.

Moreover, Ross Posner, the Managing Partner at Ridgewood Infrastructure, highlighted that APP exemplified their business strategy in action. Their approach revolves around identifying high-quality lower middle-market infrastructure entities, forming partnerships to scale and professionalize these platforms, ultimately preparing them for exit to new owners who seek robust infrastructure businesses with sustainable growth potential. The completion of this transaction illustrates the effectiveness and repeatability of their investment strategy.

Bain Capital plans to leverage APP's established market presence and continue its expansion in attractive aviation markets across the country. This sale reflects a growing trend where investment firms recognize the significant opportunities within the aviation infrastructure domain, particularly in context to increasing demand for private and corporate travel services.

The financial aspects of the transaction remain undisclosed as both parties move forward with plans to optimally utilize APP's resources and position in the evolving market.

Legal advice for Ridgewood Infrastructure during this transaction was provided by King & Spalding, while Harris Williams acted as the financial advisor.

About Ridgewood Infrastructure

Ridgewood Infrastructure is dedicated to investing in essential infrastructure businesses. The firm focuses on sectors such as transportation, water, utilities, and energy, targeting lower middle-market companies that provide crucial services. With an emphasis on operational improvement and strategic growth, Ridgewood seeks enterprises that exhibit inelastic demand and clear pathways for development.

For additional inquiries, Ridgewood Infrastructure can be contacted at their New York office located at 527 Madison Avenue, 18th Floor, New York, NY 10022. They can be reached by phone at (212) 867-0050 or via email at [email protected].