- KKR will remain a substantial shareholder in Atlantic Aviation
- KKR acquired Atlantic in 2021
- Jeff Foland serves as CEO of Atlantic Aviation
Apollo has acquired a significant stake in Atlantic Aviation, a Plano, Texas-based private aviation infrastructure platform. The transaction values Atlantic Aviation at nearly $10 billion.
KKR will remain a substantial shareholder in Atlantic Aviation.
On the deal Apollo partner David Cohen said, “Atlantic has built an irreplicable infrastructure footprint across the nation’s busiest airports, underpinned by long-term concession agreements and a customer base that values reliability and service above all else. The private aviation market has structural tailwinds that we believe will persist, and Atlantic is well positioned to capture that growth.”
KKR acquired Atlantic in 2021.
Jeff Foland serves as CEO of Atlantic Aviation.
Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel to the Apollo Funds. Evercore and Morgan Stanley & Co. LLC served as financial advisors and Kirkland & Ellis served as legal advisor to KKR.