Igneo Infrastructure Partners Expands into Aviation with Acquisition
Igneo Infrastructure Partners Acquires Infinity Aviation
Igneo Infrastructure Partners, a prominent global investment manager, has recently made a significant move by acquiring Infinity Aviation Group, a distinguished fixed-base operator (FBO). This acquisition highlights Igneo's strategy of diversifying its investments across various high-quality infrastructure sectors.
Details of the Acquisition
The acquisition encompasses a portfolio of key on-airport assets located at Boire Field, a public-use general aviation airport. These assets will bolster Infinity Aviation's operational capabilities, which include hangarage, line services, and fueling operations. This strategic position will enhance service offerings to a range of aviation clients, including general aviation, business, and air cargo operations.
Leadership at Infinity Aviation
With the acquisition, Igneo has appointed Steven Levesque as the new CEO of Infinity Aviation. Levesque brings a wealth of industry experience, having served in high-level roles in various aviation firms. His leadership is expected to drive the company toward a successful growth trajectory, with aims to expand its operational footprint.
Strategic Vision
John Ma, a partner at Igneo, expressed optimism about the prospects of Infinity Aviation. He highlighted the significant growth potential within the U.S. general aviation market and emphasized Igneo's commitment to leveraging their extensive experience in infrastructure investment. The focus will be on acquiring and developing high-quality assets that meet the rising demands of the aviation industry.
Future Aspirations
Infinity Aviation aims to enhance its operational capabilities significantly. Plans are in place to explore various avenues for investment within the aviation sector, targeting expansion opportunities that align with industry trends and customer needs.
Board Appointments
Mark Perryman, renowned in the industry as the president and CEO of Norfolk Airport Authority, has also joined Infinity Aviation's board as an independent member. His extensive experience will bring valuable insights and support to the growth initiatives of Infinity Aviation.
Igneo’s Broader Investment Strategy
The acquisition of Infinity Aviation marks a milestone as Igneo's inaugural investment in the North American aviation sector. This is part of their broader strategy, which has seen considerable investment in transportation and logistics sectors across various regions. Since 2020, Igneo has allocated approximately US$3.9 billion in capital into the United States infrastructure landscape.
Commitment to Sustainable Growth
Igneo Infrastructure Partners is committed to creating long-term sustainable value across its portfolio. The firm emphasizes innovation, proactive asset management, and maintaining a strong focus on ESG (Environmental, Social, and Governance) criteria as core tenets of their investment philosophy.
Contact Information
For media inquiries, individuals can reach out to Margaret Kirch Cohen or Kathy Panagopoulos of Newton Park PR.
Frequently Asked Questions
What is the significance of Igneo's acquisition of Infinity Aviation?
This acquisition expands Igneo's investment portfolio into the aviation sector, enhancing their infrastructure capabilities.
Who will lead Infinity Aviation after the acquisition?
Steven Levesque has been appointed as the new CEO of Infinity Aviation, bringing significant industry experience to the role.
How does this acquisition impact Igneo's investment strategy?
This investment aligns with Igneo's strategy to diversify into promising markets and sectors, particularly in aviation.
What services does Infinity Aviation provide?
Infinity Aviation offers essential aviation services, including FBO services, fueling, and hangarage for various aviation customers.
Who else is joining Infinity Aviation's board?
Mark Perryman, president and CEO of Norfolk Airport Authority, will serve as an independent board member to support the growth strategies of Infinity Aviation.
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