M&A Deal Summary

Atlas Air Acquires Southern Air

On January 19, 2016, Atlas Air acquired transportation company Southern Air for 110M USD

Acquisition Highlights
  • This is Atlas Air’s 2nd transaction in the Transportation sector.
  • This is Atlas Air’s largest (disclosed) transaction.
  • This is Atlas Air’s 2nd transaction in the United States.
  • This is Atlas Air’s 1st transaction in Kentucky.

M&A Deal Summary
Date 2016-01-19
Target Southern Air
Sector Transportation
Buyer(s) Atlas Air
Deal Type Add-on Acquisition
Deal Value 110M USD

Target

Southern Air

Florence, Kentucky, United States
Southern Air, Inc. is a global cargo carrier specializing in the provision of block space and aircraft, crew, maintenance, and insurance ("ACMI") services. Southern Air's blue-chip customer base includes some of the world's largest combination cargo carriers and government agencies.

Search 201,839 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Atlas Air

Purchase, New York, United States
Category Company
Founded 1992
Sector Aerospace
Revenue 4.0B USD (2021)
DESCRIPTION
Atlas Air 747 in Ft. Lauderdale, Florida.
Atlas Air 747 in Ft. Lauderdale, Florida.

Atlas Air is a provider of aircraft and outsourced solutions to the global airfreight industry. It is the parent company of Atlas Air, Inc. and Titan Aviation Holdings, Inc., and is the majority shareholder of Polar Air Cargo Worldwide, Inc. Our companies operate the world’s largest fleet of 747 freighter aircraft and provide customers the broadest array of Boeing 747, 777, 767 and 737 aircraft for domestic, regional and international cargo and passenger operations. Atlas Air was founded in 1992 and is based in Purchase, New York.

DEAL STATS #
Overall 2 of 2
Sector (Transportation) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Kentucky) 1 of 1
Country (United States) 2 of 2
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-11-02 Polar Air Cargo Worldwide

Purchase, New York, United States

Polar Air Cargo Worldwide provides a critical link in the global logistics chain with the largest fleet of Boeing 747 freighters among U.S. scheduled all-cargo carriers.

Buy -
Mergr

Product

Company

Legal