Jacmel Partners Makes Strategic Investment in LaGuardia Airport
Jacmel Partners is a New York-based alternative investment firm co-founded by Nick Jean-Baptiste. The firm specializes in partnering with private companies and investing in initiatives that advance and strengthen U.S. infrastructure.
On May 9th, the firm announced its first infrastructure investment: a minority equity stake in LaGuardia Gateway Partners (LGP)—the private consortium responsible for the $5.1 billion redevelopment and ongoing operation of Terminal B at New York’s LaGuardia Airport.
Through this investment, Jacmel Partners acquired a minority equity stake in LGP. This move also marks the first deal for Jacmel Infrastructure, the firm’s new platform dedicated to investing in critical infrastructure projects across North America.
LGP’s operation of Terminal B is part of a long-term public-private partnership (P3) with the Port Authority of New York and New Jersey. Completed in 2022, the redevelopment of Terminal B stands as one of the largest infrastructure projects in U.S. history. The terminal has garnered significant accolades, including LEED v4 Gold Certification and the prestigious Envision Platinum Award, recognizing its sustainability and design excellence.
This investment builds on Jacmel’s existing relationship with LGP, which dates back to 2022 when the firm acquired Arora Engineers, a key player in the terminal’s redevelopment. Jacmel’s involvement in the engineering work has paved the way for the firm’s deeper engagement in the terminal’s operation and long-term ownership.
As Jacmel joins global infrastructure giants such as Vantage, Skanska, and Meridiam, the firm’s entry into the sector underscores the growing presence of diverse firms in infrastructure investment. The firm sees its latest move as part of a larger strategy to help shape the future of American infrastructure, with an emphasis on creating broader ownership opportunities for underrepresented investors.
With increasing interest in infrastructure as a stable, impact-driven investment class, Jacmel’s new investment sets the stage for continued growth and involvement in high-profile infrastructure projects across North America.
by Tony O. Lawson
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The post Jacmel Partners Makes Strategic Investment in LaGuardia Airport appeared first on SHOPPE BLACK.
