ATSG Completes Acquisition by Stonepeak for $3.1 Billion
Deal News | Apr 11, 2025 | Stonepeak
Air Transport Services Group, Inc. (ATSG), a global leader in aircraft leasing and air transport operations, has completed its acquisition by Stonepeak in an all-cash transaction valued at approximately $3.1 billion. As a private company under Stonepeak, ATSG aims to enhance its capabilities in the transportation, logistics, and asset leasing sectors with support from Stonepeak's investment expertise. Key participants in the transaction included financial advisors and legal counsel from top firms, underscoring the significance of the deal. With this acquisition, ATSG transitions to private ownership, ceasing its public trading status on NASDAQ and positioning itself for continued growth and innovation in the aviation industry.
Sectors
- Transportation & Logistics
- Aircraft Leasing
- Alternative Investments
Geography
- United States – ATSG is based in Wilmington, Ohio, and Stonepeak is headquartered in New York.
Industry
- Transportation & Logistics – This sector is relevant because ATSG operates in air transport operations and logistics.
- Aircraft Leasing – ATSG is a leader in medium widebody freighter aircraft leasing globally.
- Alternative Investments – Stonepeak is an alternative investment firm specializing in infrastructure and real assets.
Financials
- 3.1 billion USD – Enterprise valuation of the acquisition of ATSG by Stonepeak.
- 22.50 USD – Cash per share offered to ATSG stockholders as part of the transaction.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Air Transport Services Group, Inc. (ATSG) | Target Company | Company | Global leader in medium widebody freighter aircraft leasing and air transport operations. |
| Stonepeak | Bidding Company | Company | A leading alternative investment firm with expertise in infrastructure and real assets. |
| Goldman Sachs & Co. LLC | Financial Advisor to ATSG | Company | Provided exclusive financial advisory services to ATSG during the acquisition. |
| Davis Polk & Wardwell LLP | Legal Counsel to ATSG | Company | Acted as legal counsel for ATSG. |
| Evercore | Financial Advisor to Stonepeak | Company | Provided financial advisory services to Stonepeak for the acquisition. |
| Simpson Thacher & Bartlett LLP | Legal Counsel to Stonepeak | Company | Provided legal services to Stonepeak during the transaction. |