APP Jet Center, a provider of FBO and hangar services across the US, has reached the close of its acquisition by Bain Capital. The transaction supports APP Jet Center's continued commitment to delivering a high-touch customer service experience and support the platform's growth strategy, which focuses on expanding to key markets and developing new hangar builds.

To drive this next chapter of growth and to bolster the company's execution capabilities, Mark Johnstone, the incoming CEO of APP Jet Center, has assembled a highly experienced team, including: Tim Johnson, senior vice president, corporate development; Tom Vliek, senior vice president, capital programmes and procurement; and an accomplished new CFO has been hired and will be announced in the coming weeks.

Alongside these new hires, Vickie Elgin will continue to serve as VP, sales and marketing and general managers Quinn Redden, Devin Lawrence, Zach McDonald, Tom Panico and Will Schippers will continue in their current roles.

“This transaction marks an exciting new chapter for APP Jet Center, and we look forward to an impactful partnership with Bain Capital and leveraging its experience supporting the growth of leading aviation businesses,” says Johnstone. “With a strong team in place and Bain Capital's support, we are well-positioned to execute on our expansion strategy, elevate the FBO experience even further and build on the company's people- and safety-focused culture.”

“APP Jet Center represents a unique opportunity to invest in a differentiated FBO platform with attractive assets in multiple markets,” adds Chris Leddy, a managing director at Bain Capital Real Estate. “As aviation demand continues to grow, we see significant opportunities to scale the platform through acquisitions and organic growth while strengthening the company's commitment to providing the aviation community with superior service and real estate solutions.”

“We believe business and private aviation will continue to benefit from long-term structural tailwinds, including growth in flight activity, modernised aircraft fleets and limited hangar capacity at high-quality airports,” states Matt Evans, a partner at Bain Capital Special Situations.

APP Jet Center recently celebrated the grand opening of a remodelled FBO facility at Treasure Coast International airport, strengthening its position within the popular transit hub of south Florida and continuing the company's steady development. Following this remodel, APP Jet Center plans to unveil a new community hangar this coming summer at Hayward Executive airport in the San Francisco Bay area.

Ridgewood Infrastructure has announced the sale. “We are proud of the work accomplished alongside APP's management team,” comments Ryan Stewart, partner at Ridgewood Infrastructure. “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.”