{"id":50637,"date":"2026-03-12T00:00:00","date_gmt":"2026-03-11T17:00:00","guid":{"rendered":"https:\/\/thaipropertynews.com\/feeds\/?p=50637"},"modified":"2026-03-12T00:00:00","modified_gmt":"2026-03-11T17:00:00","slug":"ridgewood-infrastructure-announces-sale-of-app","status":"publish","type":"post","link":"https:\/\/thaipropertynews.com\/feeds\/?p=50637","title":{"rendered":"Ridgewood Infrastructure Announces Sale of APP"},"content":{"rendered":"\n\n\n
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NEW YORK<\/span>, March 12, 2026<\/span> \/PRNewswire\/ — Ridgewood Infrastructure (“Ridgewood”), an investor focused on essential infrastructure in the United States lower middle market, today announced the successful sale of APP Jet Center (“APP”), a fixed-base operator (“FBO”) platform providing critical aviation infrastructure services, to Bain Capital.<\/p>\n

APP operates high-quality aviation facilities across major U.S. metropolitan markets, serving a diversified base of corporate, government, and private aviation customers. Ridgewood acquired a controlling interest in APP through a bilateral transaction and partnered with management to drive organic growth initiatives, expand hangar capacity, and complete a material add-on acquisition that increased the company’s presence in Florida \u2014 one of the most active private aviation markets in the United States.<\/p>\n

“We are proud of the work accomplished alongside APP’s management team,” said Ryan Stewart, Partner at Ridgewood Infrastructure. “Our focus was on delivering consistent, high-quality service for APP’s customers while thoughtfully expanding the business. By strengthening leadership, enhancing operational discipline, and investing in additional capacity, we positioned APP as a scaled and strategic general aviation infrastructure platform.”<\/p>\n

Ross Posner, Managing Partner at Ridgewood Infrastructure, added, “APP exemplifies our strategy in action. We identified a high-quality lower middle-market infrastructure business, partnered with management to scale and professionalize the platform, and ultimately positioned it for exit to an owner seeking a durable infrastructure business with continued growth potential. This transaction reflects the repeatability of our approach.”<\/p>\n

Bain Capital intends to build upon APP’s established footprint and continue expanding in attractive aviation markets across the United States.<\/p>\n

The transaction closed in March 2026. Financial terms were not disclosed.<\/p>\n

King & Spalding served as legal advisor and Harris Williams served as financial advisor to Ridgewood Infrastructure.<\/p>\n

About Ridgewood Infrastructure<\/u><\/b><\/p>\n

Ridgewood Infrastructure invests in essential infrastructure businesses with areas of focus including transportation, water, utilities, and energy. The firm focuses on lower middle-market companies providing critical services with inelastic demand profiles and clear opportunities for operational enhancement and strategic growth.<\/p>\n

Contact Information:
Ridgewood Infrastructure
527 Madison Avenue, 18th Floor
New York, NY 10022
Phone: (212) 867-0050
Email: Inquiries@RidgewoodInfrastructure.com<\/a><\/p>\n

Logo – https:\/\/mma.prnasia.com\/media2\/1163658\/Ridgewood_Logo.jpg?p=medium600<\/a>\u00a0<\/p>","protected":false},"excerpt":{"rendered":"

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NEW YORK<\/span>, March 12, 2026<\/span> \/PRNewswire\/ — Ridgewood Infrastructure (“Ridgewood”), an investor focused on essential infrastructure in the United States lower middle market, today announced the successful sale of APP Jet Center (“APP”), a fixed-base operator (“FBO”) platform providing critical aviation infrastructure services, to Bain Capital.<\/p>\n

APP operates high-quality aviation facilities across major U.S. metropolitan markets, serving a diversified base of corporate, government, and private aviation customers. Ridgewood acquired a controlling interest in APP through a bilateral transaction and partnered with management to drive organic growth initiatives, expand hangar capacity, and complete a material add-on acquisition that increased the company’s presence in Florida \u2014 one of the most active private aviation markets in the United States.<\/p>\n

“We are proud of the work accomplished alongside APP’s management team,” said Ryan Stewart, Partner at Ridgewood Infrastructure. “Our focus was on delivering consistent, high-quality service for APP’s customers while thoughtfully expanding the business. By strengthening leadership, enhancing operational discipline, and investing in additional capacity, we positioned APP as a scaled and strategic general aviation infrastructure platform.”<\/p>\n

Ross Posner, Managing Partner at Ridgewood Infrastructure, added, “APP exemplifies our strategy in action. We identified a high-quality lower middle-market infrastructure business, partnered with management to scale and professionalize the platform, and ultimately positioned it for exit to an owner seeking a durable infrastructure business with continued growth potential. This transaction reflects the repeatability of our approach.”<\/p>\n

Bain Capital intends to build upon APP’s established footprint and continue expanding in attractive aviation markets across the United States.<\/p>\n

The transaction closed in March 2026. Financial terms were not disclosed.<\/p>\n

King & Spalding served as legal advisor and Harris Williams served as financial advisor to Ridgewood Infrastructure.<\/p>\n

About Ridgewood Infrastructure<\/u><\/b><\/p>\n

Ridgewood Infrastructure invests in essential infrastructure businesses with areas of focus including transportation, water, utilities, and energy. The firm focuses on lower middle-market companies providing critical services with inelastic demand profiles and clear opportunities for operational enhancement and strategic growth.<\/p>\n

Contact Information:
Ridgewood Infrastructure
527 Madison Avenue, 18th Floor
New York, NY 10022
Phone: (212) 867-0050
Email: Inquiries@RidgewoodInfrastructure.com<\/a><\/p>\n

Logo – https:\/\/mma.prnasia.com\/media2\/1163658\/Ridgewood_Logo.jpg?p=medium600<\/a>\u00a0<\/p>\n

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