Tombstone: Atlantic (logo), a portfolio company of KKR, has divested its Stuart, FL location to APP Jetcenter (logo), a portfolio company of Ridgewood Infrastructure. May 2022

William Blair acted as the exclusive financial advisor to Atlantic Aviation, a portfolio company of Kohlberg Kravis Roberts (KKR), in connection with the divestiture of their Stuart, FL location to APP Jet Center, a portfolio company of Ridgewood Infrastructure. The transaction closed on May 27, 2022.

About the Companies

Founded in 1927 and based in Plano, Texas, Atlantic Aviation is a world-class provider of FBO services and is recognized as a hallmark of business aviation. The company operates at nearly 100 locations across the United States, providing a wide range of aircraft ground handling and corporate flight support services, including fueling and line services, ground transportation, catering, deicing, and hangar and ramp space.

Founded in 1976, KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. The company aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit, and real assets, and has strategic partners that manage hedge funds.

Founded in 2009 and based in Florida, APP Jet Center operates first-class FBO facilities and hangars that are strategically located at accessible airports in major markets. APP Jet Center is majority owned by Ridgewood Infrastructure, a New York based private equity fund that focuses on investments in essential infrastructure in the U.S. lower middle market.

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