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Announced

Completed

Ridgewood Infrastructure-backed APP Jet Center completed the acqusition of Stuart, FL location from KKR-backed Atlantic Aviation.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Single Bidder

Acquisition

Completed

Friendly

Private Equity

Private

Cross Border

Airports

aviation logistics

aviation

United States

Synopsis

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Ridgewood Infrastructure-backed APP Jet Center, a fixed‐base operator, completed the acquisition of FBO operations at Witham Field Airport in Stuart, Florida from KKR-backed Atlantic Aviation, a premiere fixed base operator. Financial terms were not disclosed. "We are delighted to be integrating Stuart into APP's growing network of FBO locations. APP will continue to ensure that discerning customers at Stuart and our other FBO locations receive world-class service every day with a focus on safe, secure, and sustainable operations," Dan Harrow, APP CEO.

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