Igneo Infrastructure Partners Acquires Infinity Aviation, Launching Fixed-Base Operator Platform
All Press releasesNEW YORK, 3rd June – Igneo Infrastructure Partners (‘Igneo’), a global infrastructure investment manager with US$20.5 billion in assets under management, today announced it has acquired Infinity Aviation Group (‘Infinity Aviation‘), a fixed based operator (FBO) platform, in Nashua, New Hampshire.
As part of the transaction, Igneo has acquired a portfolio of on-airport assets at Nashua Airport, otherwise known as Boire Field, in Nashua, New Hampshire (KASH), a public-use general aviation airport located 50 miles from downtown Boston. The assets include hangarage, line services, and fueling rights at the airfield.
Infinity Aviation provides infrastructure and essential 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 chief executive officer. Before joining Infinity Aviation, Levesque was principal of Global Aviation Infrastructure LLC, which provides management and advisory services for corporations, airport sponsors, private equity firms and institutions. Levesque has extensive experience in the general aviation industry, having previously served as President and CEO of both Leading Edge Jet Centers (now SkyService US) and Hawthorne Global Aviation Services, where he led the development and acquisition of approximately 17 million gallons of aggregate fuel volumes per annum and 2 million square feet of hangarage. He was also a commanding officer in the U.S. Navy Reserve, retiring with over 25 years active and reserve service.
"The U.S. 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.”
"I am honored and excited to join the Infinity Aviation’s board with the Igneo Infrastructure Partners team and drive growth, support airport communities, and create value as we meet the growing needs of private aviation," said Mark Perryman, President and CEO of Norfolk Airport Authority and former CEO of Landrum & Brown.
Infinity Aviation represents Igneo’s first investment in in the North American aviation sector, its sixth platform investment in North America, and its eighth global investment in transportation and logistics and it’s first investment from Igneo’s dedicated North American infrastructure strategy. Since 2020, Igneo has invested more than US$3.9 billion of capital in the United States, across the transportation, energy, and digital infrastructure sectors. Transaction terms were not disclosed. The acquisition is subject to customary conditions and approvals.
Igneo was advised by A&O Shearman on the transaction.
About Igneo Infrastructure Partners
Igneo is an autonomous investment team in the First Sentier Investors Group. It invests in high-quality, mature, mid-market infrastructure companies in renewables, digital infrastructure, waste management, water utilities and transportation/ logistics sectors in the UK, Europe, North America, Australia and New Zealand. Operating since 1994, the team works closely with portfolio companies to create long-term sustainable value through innovation, a focus on responsible investment and proactive asset management.
Igneo manages US$20.5bn worth of assets (as at 31 March 2025) on behalf of more than 200 investors around the world.
Media Enquiries
Important Information
This press release is intended for information only, aimed solely at the media and should not be further distributed to individual and/or corporate investors, and financial advisers and/or distributors. The information included within this document and any supplemental documentation provided should not be copied, reproduced or redistributed without the prior written consent of First Sentier Investors.
This document has been prepared for general informational purposes. It does not purport to be comprehensive or to give advice. This is not an offer document and does not constitute an offer or invitation or investment recommendation to distribute or purchase securities, shares, units or other interests or to enter into an investment agreement.
The information contained within this document has been obtained from sources that we believe to be reliable and accurate at the time of issue but no representation or warranty, express or implied, is made as to the fairness, accuracy, or completeness of the information.
In the United Kingdom, this document is issued by First Sentier Investors (UK) Funds Limited which is authorised and regulated in the UK by the Financial Conduct Authority (registration number 143359). Registered office: Finsbury Circus House, 15 Finsbury Circus, London, EC2M 7EB, number 2294743. In the EEA, issued by First Sentier Investors (Ireland) Limited which is authorised and regulated in Ireland by the Central Bank of Ireland (registered number C182306. Registered office: 70 Sir John Rogerson's Quay, Dublin 2, Ireland number 629188.
Outside the UK and EEA, issued by First Sentier Investors International IM Limited which is authorised and regulated in the UK by the Financial Conduct Authority (registration number 122512). Registered office 23 St. Andrew Square, Edinburgh, EH2 1BB number SC079063.
Part of the First Sentier Investors Group