Transaction Overview
Apollo Global Management Inc. announced that it is acquiring a co‑controlling stake in Atlantic Aviation from KKR & Co., valuing the private‑jet fixed‑base operator at approximately $10 billion. KKR will retain a significant shareholding in Atlantic Aviation following the deal, remaining a substantial shareholder.
Business Profile of Atlantic Aviation
Atlantic Aviation operates as one of the United States’ leading fixed‑base operators, offering aircraft fueling, hangar leasing and other aviation services to corporate and general‑aviation customers. Its operations are underpinned by long‑term airport concession agreements and a footprint that spans high‑activity airfields across the country and select international locations.
Recent Developments Under KKR Ownership
Since KKR acquired Atlantic Aviation in 2021, the company has expanded its network through strategic acquisitions and organic growth in the United States and certain overseas sites. KKR has also funded investments in employee health and safety initiatives.
Track Record of the Investors
Apollo’s infrastructure platform has originated more than $155 billion of transactions and financings across energy, transportation, digital and industrial sectors over the past five years. KKR’s infrastructure business manages over $120 billion of assets and has invested more than $12 billion in the aviation sector since 2015.
Publication Note
The article was generated with AI assistance and subsequently reviewed by an editor, as indicated in the footer.