Alternative investment firm Stonepeak plans to acquire Air Transport Services Group (ATSG), a company specializing in medium widebody freighter aircraft leasing, air transport operations and support services, in a $3.1 billion all-cash transaction.
Holders of ATSG’s common shares will receive $22.50 per share in cash, according to terms of the agreement, which was unanimously approved by ATSG’s board of directors. The purchase price represents a premium of approximately 29.3 percent over ATSG’s closing share price on Nov. 1, the last full trading day prior to this announcement.
After the transaction reaches completion in first half 2025, ATSG's shares will no longer trade on NASDAQ, and ATSG will become a private company.
“This transaction reflects the tremendous value of our fleet of in-demand midsize freighter and passenger aircraft and the strength of our talented teams across ATSG’s businesses,” said Mike Berger, CEO of ATSG. “In Stonepeak, we
