NEW YORK, March 12, 2026 /PRNewswire/ — Ridgewood Infrastructure (“Ridgewood”), an investor focused on critical infrastructure in the lower middle market of the United States, today announced the successful sale of APP Jet Center (“APP”), a fixed-base operator (“FBO”) platform providing critical aviation infrastructure services, to Bain Capital.
APP operates high-quality aviation facilities in major metropolitan markets across the United States, serving a diverse base of commercial, government and private aviation customers. Ridgewood acquired a majority stake in APP through a bilateral transaction and partnered with management to drive organic growth initiatives, increase hangar capacity and complete a significant bolt-on acquisition that increased the company’s presence in Florida, one of the most active private aviation markets in the United States.
“We are proud of the work we have accomplished alongside APP’s management team,” said Ryan Stewart, Partner at Ridgewood Infrastructure. “Our goal was to provide consistent, high-quality service to APP’s customers while growing the business wisely. By strengthening leadership, improving operational discipline and investing in additional capabilities, we have positioned APP as a large-scale and strategic general aviation infrastructure platform.
Ross Posner, Managing Partner at Ridgewood Infrastructure, added: “APP illustrates our strategy in action. We identified a high-quality infrastructure company for the lower middle market, partnered with management to scale and professionalize the platform, and ultimately positioned it for exit to an owner seeking a sustainable infrastructure company with continued growth potential. This transaction reflects the repeatability of our approach.
Bain Capital intends to build on APP’s established footprint and continue its expansion into attractive aviation markets across the United States.
The transaction closed in March 2026. Financial terms were not disclosed.
King & Spalding acted as legal advisor and Harris Williams served as financial advisor to Ridgewood Infrastructure.
About Ridgewood Infrastructure
Ridgewood Infrastructure invests in critical infrastructure companies in priority areas such as transportation, water, utilities and energy. The company focuses on lower middle market businesses providing critical services with inelastic demand profiles and clear opportunities for operational improvement and strategic growth.
Contact details:
Ridgewood Infrastructure
527 Madison Avenue, 18th floor
New York, New York 10022
Telephone: (212) 867-0050
E-mail: Inquiries@RidgewoodInfrastructure.com
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SOURCE Ridgewood Infrastructure
