Leading fixed-based operator strengthens leadership team with experienced aviation industry professionals to support the platform’s growth strategy

FORT PIERCE, Fla.--(BUSINESS WIRE)--

APP Jet Center, a provider of aviation services at high-quality, supply-constrained airports across the United States, today announced 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 Programs and Procurement

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 & 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 their experience supporting the growth of leading aviation businesses,” said Mr. 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,” said 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, modernized aircraft fleets, and limited hangar capacity at high-quality airports,” added Matt Evans, a Partner at Bain Capital Special Situations.

APP Jet Center recently celebrated the grand opening of a remodeled FBO facility at Treasure Coast International Airport (FPR), 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 (HWD), in the Bay Area.

DLA Piper, led by Drew Rosenberry and Neil K. Vohra, served as legal advisor to Bain Capital.

About APP Jet Center

APP Jet Center is an aviation company of fixed-based operations (FBOs) and airport real estate. It serves corporate and private air clients in strategically convenient and efficient locations within major U.S. markets including Stuart, Fl. (at Stuart Witham Field; SUA), Washington D.C. (at Manassas Regional Airport; HEF); San Francisco (at Hayward Executive Airport; HWD); and Fort Pierce, Fla. (at Treasure Coast International Airport; FPR);. APP Properties also owns and operates 65,000 square feet of aircraft hangars at Centennial Airport (APA) in Denver, Colo. For more information, visit www.appjetcenter.com.

About Bain Capital

Founded in 1984, Bain Capital is one of the world’s leading private investment firms. We are committed to creating lasting impact for our investors, teams, businesses, and the communities in which we live. As a private partnership, we lead with conviction and a culture of collaboration, advantages that enable us to innovate investment approaches, unlock opportunities, and create exceptional outcomes. Our global platform invests across five focus areas: Real Assets, Private Equity, Growth & Venture, Capital Solutions, and Credit & Capital Markets. In these focus areas, we bring deep sector expertise and wide-ranging capabilities. We have 24 offices on four continents, more than 1,850 employees, and approximately $215 billion in assets under management. To learn more, visit www.baincapital.com. Follow @BainCapital on LinkedIn and X (Twitter).

About Ridgewood Infrastructure

Ridgewood Infrastructure is a leading infrastructure investor in the U.S. lower middle market with sectors of focus including Water, Energy Transition, Transportation, and Utilities. For more information, visit www.ridgewoodinfrastructure.com.

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Source: Bain Capital