Jacmel Partners Announces P3 Investment in New York's LaGuardia Airport Terminal B
Summary
NEW YORK, May 9, 2025 /PRNewswire/ -- ("Jacmel"), a minority-owned alternative investment firm, announced today that its Jacmel Infrastructure platform, with support from (Nasdaq: GCMG), a global alternative asset management solutions provider, has made an investment through Vantage Groups LLC in LaGuardia Gateway Partners (LGP), the private company that recently redeveloped and manages LaGuardia Airport Terminal B in New York City. Jacmel acquired a minority equity stake in LGP.LGP has been responsible for the investment, private operation, and development of LaGuardia Airports Terminal B through a long-term public-private partnership (P3) with the Port Authority of New York and New Jersey. "As LaGuardias central hub for several major airlines, Terminal B sees millions of travelers every year, and LGPs recent redevelopment has only enhanced its operational capabilities," said Nick Jean-Baptiste, Co-Managing Partner of Jacmel. Our team immediately recognized it as a fantastic opportunity, and were very proud to take a stake in and provide clients exposure to this meaningful, long-term P3 investment. "LaGuardias Terminal B redevelopment is the first airport project in the world to receive LEED v4 Gold Certification from the US Green Building Council.