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Will regulators block Stonepeak-ATSG acquisition by June 30, 2025?
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Stonepeak Nears $3.1 Billion Acquisition of ATSG at $22.50 per Share
Nov 4, 2024, 01:06 PM
Stonepeak Partners is nearing a $3.1 billion deal to acquire Air Transport Services Group (ATSG), according to sources. The transaction includes debt and values ATSG at $22.50 per share in cash, representing a 29.3% premium. ATSG, a provider of aircraft leasing and cargo transportation services, saw its shares soar 23% following the news. This move by Stonepeak, an infrastructure fund, highlights the strategic importance of cargo freight leasing, which constitutes 65% of ATSG's EBITDA.
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