Ridgewood Infrastructure has acquired APP Jet Center, a fixed–base operator (FBO) that owns and operates essential aviation infrastructure.
APP’s facilities are located in Washington, D.C.; Denver; Port St. Lucie, Fla.; and the California Bay Area. Financial terms were not disclosed.
“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.”