PR94007

NEW YORK, Jan. 11, 2022 /PRNewswire=KYODO JBN/ --

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

commitments.

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 www.ridgewoodinfrastructure.com .

Contact info:  

For More Information:  

Ridgewood Infrastructure  

34 East 51st Street, 9th Floor  

New York, NY 10022  

Phone: (212) 867-0050  

Inquiries@RidgewoodInfrastructure.com

SOURCE  Ridgewood Infrastructure