Aug. 27 at 8:45 PM
Apollo Global Management is acquiring a co-control stake in Atlantic Aviation from KKR & Co. in a transaction valuing the private-aviation fixed-base operator at nearly
$10 billion. KKR will retain a significant stake, while Apollo-managed funds will become a major co-owner.
Atlantic Aviation is one of the leading U.S. fixed-base operators, providing aircraft fueling, hangar leasing and other services to corporate and general aviation customers. Since KKR acquired the company in 2021, Atlantic has expanded through strategic acquisitions and organic growth across the U.S. and select international markets.
The deal strengthens Apollo’s infrastructure portfolio after it has originated more than
$155 billion in infrastructure transactions and financings over the past five years. KKR’s infrastructure business manages over
$120 billion in assets and has invested more than
$12 billion in aviation since 2015.
$APO $KKR