M&A Deal Summary

Stonepeak Acquires Atsg

On November 4, 2024, infrastructure investor Stonepeak acquired transportation company Atsg for 3.1B USD

Acquisition Highlights
  • This is Stonepeak’s 5th transaction in the Transportation sector.
  • This is Stonepeak’s 6th largest (disclosed) transaction.
  • This is Stonepeak’s 21st transaction in the United States.
  • This is Stonepeak’s 1st transaction in Ohio.

M&A Deal Summary
Date 2024-11-04
Target Atsg
Sector Transportation
Buyer(s) Stonepeak
Deal Type Going Private
Deal Value 3.1B USD
Advisor(s) Goldman Sachs (Financial)
Davis Polk & Wardwell
Vorys, Sater, Seymour and Pease (Legal)

Target

Atsg

Wilmington, Ohio, United States
Atsg is a provider of aircraft leasing and cargo and passenger air transportation solutions for both domestic and international air carriers, as well as companies seeking outsourced airlift services. Atsg was founded in 1980 and is based in Wilmington, Ohio.

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Buyer(S) 1

Buyer

Stonepeak

Investor Investor Investor Investor Investor

Category Infrastructure
Founded 2011
PE ASSETS 57.1B USD
Size Mega
Type Sector Focused
DESCRIPTION

Stonepeak is a private equity firm focused on North American infrastructure investing. Specific areas of interest include energy assets, power/renewables, transportation, utilities, water, and communications. Stonepeak was formed in 2011 and is headquartered in New York City.

DEAL STATS #
Overall 39 of 41
Sector (Transportation) 5 of 5
Type (Going Private) 6 of 6
State (Ohio) 1 of 1
Country (United States) 21 of 22
Year (2024) 3 of 5
Size (of disclosed) 6 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-26 Lineage

Novi, Michigan, United States

Lineage is a warehousing and logistics company built to deliver sophisticated, customized, and dependable cold supply solutions for a variety of customers worldwide. Lineage was founded in 2012 and is based in Novi, Michigan.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-18 Fleet Companies

Memphis, Tennessee, United States

Fleet Companies is a regional trailer dealership and leasing company. Fleet Companies is based in Memphis, Tennessee.

Buy -
Mergr

Product

Company

Legal