APP Jet Centers sold to investment firm

APP Jet Center, the aviation services chain consisting of three of U.S. FBO, has been acquired by investment firm Ridgewood Infrastructure. The formerly privately-held APP Jet Center provides ground services at Treasure Coast International Airport in Fort Pierce, Florida; San Francisco-area Hayward Executive Airport; and Manassas Regional Airport in Northern Virginia. The company also owns and operates 65,000 sq ft of aircraft hangars at Denver Centennial Airport.

Dan Harrow, APP Jet Center CEO, 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.”

Ridgewood Partner Ryan Stewart said: “APP has an outstanding business model, centered on providing exceptional service to its long-standing and high-quality customer base. 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. 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.”