Country for PR: United States
Contributor: PR Newswire New York
Wednesday, January 12 2022 - 01:01
Ridgewood Infrastructure Announces Acquisition of APP Jet Center
NEW YORK, Jan. 11, 2022 /PRNewswire-AsiaNet/ --

Ridgewood Infrastructure LLC ("Ridgewood"), a leading infrastructure investor 
in the U.S., today announced the acquisition of APP Jet Center, a fixed–base 
operator ("FBO") that owns and operates essential aviation infrastructure. 

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"APP has an outstanding business model, centered on providing exceptional 
service to its long-standing and high-quality customer base," said Ryan 
Stewart, Partner of Ridgewood. "With a strong foundation built upon key 
facilities in several major metropolitan markets, Ridgewood looks forward to 
working in partnership with APP to continue growing the business, both 
organically and through selective acquisition." Stewart added: "We are excited 
to help take APP to the next level with continued focus on fostering long-term 
partnerships with our customers and an ongoing commitment to operational 
excellence and sustainability."

Dan Harrow, CEO of APP, said: "we founded APP in 2009 and were recently seeking 
a value-adding partner to help us achieve our potential. We are thrilled to be 
partnering with Ridgewood as we take the next step with our business. Ridgewood 
has deep transportation infrastructure experience and a track record of success 
working with companies like ours." 

Ross Posner, Managing Partner of Ridgewood Infrastructure said: "We are 
thrilled to be partnered with Dan and the APP team and to have the opportunity 
to add this investment to our portfolio. We look forward to working together to 
accelerate APP's growth." Posner added: "Ridgewood's investment in APP 
exemplifies our ability to create differentiated exposure to essential 
infrastructure in the U.S. lower middle market, drive value and deliver 
beneficial outcomes."

About Ridgewood Infrastructure

Ridgewood Infrastructure invests in essential infrastructure in the U.S. lower 
middle market. It is part of the affiliated Ridgewood Companies, a leading real 
asset investment manager with more than $5 billion in total capital and 

Ridgewood Infrastructure is investing its inaugural Fund, which was 
oversubscribed and closed at its hard cap. With a focus on the U.S. lower 
middle market, Ridgewood Infrastructure originates investments that provide 
essential services to customers, and it implements responsible and 
operationally focused initiatives to enhance value. Through this strategy, 
Ridgewood focuses on creating beneficial outcomes for stakeholders with 
investments that generate long-term, high-quality, non-correlated cash flows. 
For more information, please visit

Contact info:  
For More Information:  
Ridgewood Infrastructure  
34 East 51st Street, 9th Floor  
New York, NY 10022  
Phone: (212) 867-0050 

SOURCE  Ridgewood Infrastructure