M&A Deal Summary

KKR Acquires Atlantic Aviation

On June 7, 2021, private equity firm KKR acquired aerospace company Atlantic Aviation from Macquarie

Acquisition Highlights
  • This is KKR’s 3rd transaction in the Aerospace sector.
  • This is KKR’s 162nd transaction in the United States.
  • This is KKR’s 21st transaction in Texas.

M&A Deal Summary

Date 2021-06-07
Target Atlantic Aviation
Sector Aerospace
Buyer(s) KKR
Sellers(s) Macquarie
Deal Type Divestiture

Target

Atlantic Aviation

Plano, Texas, United States
website
Atlantic Aviation provides a wide range of aviation services, including a premier Fixed Based Operations chain and dedicated concierge service across the United States. Atlantic Aviation was founded in 1927 and is based in Plano, Texas.

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Buyer(S) 1

Buyer

KKR

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1976
PE ASSETS 510.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


DEAL STATS #
Overall 378 of 428
Sector (Aerospace) 3 of 4
Type (Divestiture) 41 of 49
State (Texas) 21 of 23
Country (United States) 162 of 189
Year (2021) 19 of 40
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-01 Cloudera

Santa Clara, California, United States

Cloudera is an enterprise software company that offers a platform for data management, machine learning, and advanced analytics. Cloudera's platform enables organizations to use vast amounts of data from a variety of sources, including the Internet of Things (IoT), to better serve and market to their customers, design connected products and services and reduce risk through greater insight from data. Cloudera was formed in 2008 and is based in Santa Clara, California.

Buy $5.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-11 CIT Aviation Lending Business

New York, New York, United States

CIT Aviation Lending Business has a committed loan balance of nearly $800 million across more than 50 loans for approximately 60 commercial aircraft.

Buy -

Seller(S) 1

SELLER

Macquarie

New York, New York, United States

website


Category Company
Founded 2004
Sector Infrastructure
Employees2,224
Revenue 236M USD (2021)
DESCRIPTION

Macquarie through its subsidiaries, owns, operates, and invests in infrastructure businesses that provide services to businesses and individuals primarily in the United States. Macquarie was formed in 2004 and is based in New York City.


DEAL STATS #
Overall 4 of 4
Sector (Aerospace) 1 of 1
Type (Divestiture) 3 of 3
State (Texas) 1 of 1
Country (United States) 4 of 4
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-09 International-Matex Tank Terminals

New Orleans, Louisiana, United States

International-Matex Tank Terminals, Inc. (IMTT) is a provider of handling and storage of bulk liquid products through its ownership and operation of ten terminals in the U.S. and two additional facilities in Canada. The terminals handle petroleum (primarily refined), chemical, and vegetable and animal oil products for customers including refiners, commodities traders, and specialty chemical manufacturers. Customers retain ownership of the bulk liquids, as well as responsibility for ensuring those products. IMTT is the lessor of its more than 45 million barrels of storage capacity. International-Matex Tank Terminals was formed in 1939 and is based in New Orleans, Louisiana.

Sell $2.7B