Ridgewood Infrastructure Partners with Bain Capital for the Sale of APP

Ridgewood Infrastructure has announced the sale of APP Jet Center to Bain Capital. APP, a fixed-base operator, provides essential aviation infrastructure across major U.S. cities. Ridgewood had initially acquired a controlling interest and expanded operations, particularly in Florida.

Ridgewood's strategy involved enhancing service quality, expanding hangar capacity, and completing significant acquisitions. Ryan Stewart, Partner at Ridgewood, highlighted the focus on providing consistent service while expanding strategically. Ross Posner, Managing Partner, emphasized the successful execution of their partnership model.

Under Bain Capital's ownership, APP is expected to grow its presence in key aviation markets. The financial specifics of the transaction remain undisclosed. Ridgewood was advised by King & Spalding and Harris Williams.