Igneo Infrastructure Partners – a global infrastructure investment manager with USD 29.7 billion of assets under management – has acquired FlightServ’s fixed-base operations at Trenton-Mercer Airport (TTN) in Trenton, New Jersey, through its Infinity Aviation platform, marking Infinity’s third location and second bolt-on acquisition.
The deal adds strategic hangar capacity in the New York/Philadelphia metro general aviation market and supports Igneo’s North American strategy to consolidate essential on-airport infrastructure businesses in attractive US markets.
FlightServ operates a portfolio of on-airport general aviation assets at TTN, including fuelling services and approximately 80,000 square feet of modern, purpose-built hangarage completed in 2023. The business is well positioned in the attractive New York metropolitan general aviation market, serving a growing community of business jet operators.
The acquisition also includes a development parcel that Infinity Aviation plans to transform into modern hangarage at scale.
Steven Levesque, Chief Executive Officer of Infinity Aviation, said: “FlightServ is exactly the kind of business we set out to acquire when we launched the Infinity Aviation platform with Igneo – a well-run operation at a strategically located airfield, with real room to grow across the New York and Philadelphia markets. We are pleased to welcome the FlightServ team to Infinity, and we look forward to working alongside them, the airport and the wider Trenton aviation community as we continue to build an industry-leading general aviation services business.”
John Ma, Partner and Co-Head at Igneo in North America, added: “Demand for quality general aviation hangar infrastructure across the US continues to grow, and exceed supply, particularly in the New York metropolitan area. The facilities at Trenton provide Infinity Aviation with a modern, well-located base in that market, and significant hangar expansion capacity. We’re looking forward to working alongside the team at Trenton to invest in the business, support its growth and continue to deliver for its customers over the long term.”
