APP Jet Center, a fixed-base operator platform providing aviation infrastructure services across the United States, has been acquired by Bain Capital from Ridgewood Infrastructure. The transaction closed in March 2026, though financial terms were not disclosed.
APP Jet Center operates aviation facilities in major U.S. metropolitan markets and serves a broad mix of corporate, government, and private aviation customers. The company provides essential fixed-base operator services, including fueling, hangar space, and operational support for private and business aviation.
Ridgewood Infrastructure initially acquired a controlling stake in APP Jet Center through a bilateral transaction and worked alongside the management team to expand the platform. During its ownership period, the firm focused on scaling the business through organic growth initiatives, increasing hangar capacity, and completing an add-on acquisition that expanded APP’s presence in Florida, one of the busiest private aviation markets in the United States.
The company also strengthened leadership and operational processes as part of its strategy to position the platform for long-term growth. Ridgewood described the investment as aligned with its focus on lower middle-market infrastructure businesses that provide critical services and offer opportunities for operational improvement and strategic expansion.
Bain Capital plans to build on APP’s established network of aviation facilities and continue expanding the platform across attractive aviation markets in the United States.
Ridgewood Infrastructure invests in essential infrastructure companies across sectors, including transportation, water, utilities, and energy. The firm focuses on businesses with stable demand profiles and potential for operational enhancement.
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“We are proud of the work accomplished alongside APP’s management team. Our focus was on delivering consistent, high-quality service for APP’s customers while thoughtfully expanding the business. By strengthening leadership, enhancing operational discipline, and investing in additional capacity, we positioned APP as a scaled and strategic general aviation infrastructure platform.”
Ryan Stewart, Partner At Ridgewood Infrastructure
“APP exemplifies our strategy in action. We identified a high-quality lower middle-market infrastructure business, partnered with management to scale and professionalize the platform, and ultimately positioned it for exit to an owner seeking a durable infrastructure business with continued growth potential. This transaction reflects the repeatability of our approach.”
Ross Posner, Managing Partner At Ridgewood Infrastructure
