Ardian to acquire AFCO from Goldman Sachs.

Ardian, a world-leading private investment house, agreed to acquire Aviation Facilities Company Management, an independent leader in on-airport cargo facilities and infrastructure, from Goldman Sachs, a capital markets company. Financial terms were not disclosed. “We appreciate the supportive partnership we have had with Goldman Sachs Alternatives over the past seven years. We have instituted a number of value creation initiatives, including an innovative financing structure that has allowed us to invest in existing facilities and strategically expand our portfolio through new acquisitions and developments and create cost-effective solutions for our airport and tenant partners. As we look ahead, we are excited about our new relationship with Ardian and look forward to drawing on the team’s expertise as a global player and international leader in essential infrastructure, including transportation and aviation, as we continue to grow our company," Chuck Stipantic, AFCO CEO.