Igneo Infrastructure Partners, a global infrastructure investment manager, has acquired Infinity Aviation Group, a fixed-base operator (FBO) based in Nashua, New Hampshire.
The acquisition includes a portfolio of on-airport assets at Boire Field (KASH), a public general aviation airport located about 50 miles from downtown Boston. These assets comprise hangars, line services, and fueling operations.
Infinity Aviation provides infrastructure and aviation services for general aviation, business, and air cargo customers in the United States.
Under Igneo’s ownership the company will seek to acquire, improve and develop high-quality general aviation infrastructure including FBOs and aircraft hangars.
Infinity Aviation will be led by Steven Levesque as its new chief executive officer.
“The US general aviation market is experiencing strong growth, and we plan to leverage Igneo’s vast global experience investing in high-quality middle-market transportation infrastructure through a differentiated platform,” said John Ma, partner and co-head of Igneo in North America. “Infinity Aviation has significant growth prospects, and we look forward to building out the business in partnership with Steven. We believe that there is a strong opportunity for high-quality platform businesses such as Infinity Aviation given the growth of the general aviation market.”
Levesque said, “We are thrilled to partner with Igneo to support our strategic goals, including investment in and expansion of the Infinity Aviation platform, as we look to build an industry-leading general aviation services business.”
Also joining Infinity Aviation, in the capacity of an independent board member, is Mark Perryman, president and CEO of Norfolk Airport Authority and former CEO of Landrum & Brown. Perryman said, “I am honored and excited to be joining Infinity Aviation’s board with the Igneo Infrastructure Partners team to help drive growth, support airport communities, and create value as we meet the growing needs of private aviation.”
