"APP has an outstanding business model, centered on providing exceptional service to its long-standing and high-quality customer base," said Ryan Stewart, Partner of Ridgewood. "With a strong foundation built upon key facilities in several major metropolitan markets, Ridgewood looks forward to working in partnership with APP to continue growing the business, both organically and through selective acquisition." Stewart added: "We are excited to help take APP to the next level with continued focus on fostering long-term partnerships with our customers and an ongoing commitment to operational excellence and sustainability."
"We founded APP in 2009 and were recently seeking a value-adding partner to help us achieve our potential," Dan Harrow, CEO of APP, said. "We are thrilled to be partnering with Ridgewood as we take the next step with our business. Ridgewood has deep transportation infrastructure experience and a track record of success working with companies like ours."