Stonepeak to acquire ATSG for $3.1bn.

Stonepeak, an alternative investment firm specializing in infrastructure and real assets, agreed to acquire ATSG, a medium widebody freighter aircraft leasing, air transport operations, and support services company, for $3.1bn. “This transaction reflects the tremendous value of our fleet of in-demand midsize freighter and passenger aircraft, and the strength of our talented teams across ATSG’s businesses. In Stonepeak, we have found a partner that recognizes the power of our Lease+Plus strategy to provide comprehensive aircraft leasing and operating solutions to our customers. With Stonepeak’s investment and extensive expertise in transportation and logistics and asset leasing, ATSG will be well positioned to further expand its global presence in the air cargo leasing market and enhance its service offerings to customers. We would like to thank our employees for helping us achieve this significant milestone and for their continued dedication as we prepare to enter this new chapter as a private company,” Mike Berger, ATSG CEO.