Apollo Global Management, via funds it manages, has acquired a significant stake in Atlantic Aviation, a U.S.-based fixed-base operator, in a deal valuing the company at nearly $10 billion. The transaction follows KKR’s initial acquisition of Atlantic Aviation in 2021, during which KKR became a substantial shareholder.
Atlantic Aviation provides aircraft fueling, hangar leasing, and other aviation services at long-term concession agreements across multiple U.S. airfields. Since 2021, the company has expanded its footprint through acquisitions and organic growth, both domestically and in select international markets.
Apollo, which reported approximately $1.05 trillion in assets under management as of June 30, 2026, has a track record of originating over $155 billion in infrastructure transactions and financings across energy, transportation, digital, and industrial sectors over the past five years. KKR, which manages more than $120 billion in infrastructure assets, has invested over $12 billion in the aviation sector since 2015.
David Cohen, a partner at Apollo, highlighted Atlantic Aviation’s extensive infrastructure footprint at major U.S. airports, supported by long-term concession agreements. Jeff Foland, CEO of Atlantic Aviation, described the transaction as validation of the company’s operational performance and workforce. Dash Lane, a partner at KKR, noted the firm’s five-year collaboration with Atlantic Aviation and its confidence in the company’s future growth potential.
Legal counsel for Apollo was provided by Paul, Weiss, Rifkind, Wharton & Garrison LLP. KKR’s financial advisors for the transaction were Evercore and Morgan Stanley & Co. LLC, while Kirkland & Ellis served as legal advisor to KKR.
