Air Transport Services Group (ATSG), a global powerhouse in medium wide-body freighter aircraft leasing, air transport operations, and support services, has announced that its stockholders have voted to approve the proposed merger with Stonepeak, an alternative investment firm specialising in infrastructure and real assets. The approval was confirmed at a special meeting of ATSG’s stockholders.
The final voting results from the special meeting are expected to be filed with the U.S. Securities and Exchange Commission (SEC) in a Form 8-K on 10 February 2025.
Under the terms of the definitive merger agreement, ATSG’s common shareholders will receive US$22.50 per share in cash upon the closing of the transaction. The merger is anticipated to be finalised in the first half of 2025, subject to the satisfaction or waiver of customary closing conditions, including necessary regulatory approvals. Once the transaction is completed, ATSG will transition to a privately held company and its shares will no longer be publicly traded or listed on NASDAQ.
Stonepeak, the acquiring firm, manages approximately US$72 billion in assets and focuses on investments in defensive, hard-asset businesses worldwide. Its investment strategy aims to deliver strong risk-adjusted returns while prioritising downside protection. The firm specialises in sectors such as digital infrastructure, energy and energy transition, transport and logistics and real estate. As a sponsor of private equity and credit investment vehicles, Stonepeak provides capital, operational support and strategic partnerships to enhance the growth of its portfolio companies.
The merger represents a significant shift for ATSG, positioning the company for long-term strategic growth under private ownership. The partnership with Stonepeak is expected to provide financial strength and operational expertise, supporting ATSG’s continued expansion in the global air transport and logistics market.
