Igneo Infrastructure Partners expands US aviation footprint with Corporate Air

New York, NY and Charleston, SC, 12 May, 2026: Igneo Infrastructure Partners (Igneo), a global infrastructure investment manager with US$24.5 billion of assets under management,¹ has completed the acquisition of Corporate Air Inc. (Corporate Air), a fixed base operator (FBO) at Vero Beach Regional Airport (VRB) in Vero Beach, Florida, through its Infinity Aviation Group (Infinity Aviation) platform.

This acquisition represents the first bolt-on acquisition for Infinity Aviation. In 2025, Igneo launched Infinity Aviation in partnership with its founder, Steven Levesque, as an FBO platform focused on the consolidation of FBO and similar on-airport infrastructure businesses at airfields in attractive and growing United Stated (US) markets.

Corporate Air operates a portfolio of on-airport general aviation assets at VRB, including approximately 104k square feet of hangarage, fueling services, and a US customs facility. The business is well positioned in the attractive South Florida general aviation market, serving a growing community of business jet operators. The acquisition also includes a pre-approved development site that Infinity plans to transform into modern, purpose-built hangarage at scale.

"We are excited to expand the Infinity Aviation platform," said John Ma, Partner and Co-Head of Igneo in North America.

“The FBO sector continues to exhibit strong, resilient growth in the US with a shortage of quality hangars in many markets. The South Florida market offers compelling long-term demand fundamentals, and Vero Beach, with its modern hangarage and customs capability, is well positioned to serve the growing fleet of large-cabin business jets in the region. We look forward to continuing to build out Infinity Aviation in partnership with Steven and his team."

Steven Levesque, Chief Executive Officer of Infinity Aviation, said: "Vero Beach is an outstanding addition to Infinity. We see significant opportunity to invest in this facility and serve the growing community of business aviation operators on Florida's Treasure Coast. We are grateful to the local aviation customers and tenants who depend upon the airport."

Infinity Aviation continues to execute on its strategy to acquire, improve, and develop high-quality general aviation infrastructure at airfields in attractive and growing US markets.

Media enquiries

Gayle Rodrigues
Global Head of Communications (London)
E: communications@firstsentier.com
M: +44 20 7332 6509

¹ As at 31 March 2026

‍About Igneo Infrastructure Partners

Igneo is an autonomous investment team in the First Sentier 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 ESG and proactive asset management.

Igneo manages US$23.6bn worth of assets (as at 31 December 2025) on behalf of more than 200 investors around the world.

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