Apollo and KKR have formed a strategic partnership to support the continued growth of Atlantic Aviation, one of the largest private aviation infrastructure platforms in the U.S.
Under the transaction, funds managed by Apollo have acquired a significant stake in Atlantic Aviation, while KKR-managed funds will remain a substantial shareholder. The deal values Atlantic Aviation at nearly US$10 billion.
Atlantic Aviation operates one of the largest fixed-base operator (FBO) networks in the U.S., providing fuelling, hangar leasing and other essential services to corporate and general aviation customers. Its nationwide footprint is supported by long-term airport concession agreements and a presence at high-activity airports.
Apollo Partner David Cohen said the company has built a “irreplicable infrastructure footprint” across the country’s busiest airports, supported by long-term concessions and a customer base focused on reliability and service.
Cohen said Apollo expects structural growth in the private aviation market to continue and sees Atlantic Aviation as well positioned to benefit. Apollo plans to work with Atlantic Aviation CEO Jeff and the company’s broader team, alongside KKR, on targeted investments and expansion into new markets.
