Stonepeak to Acquire Air Transport Services Group in $3.1 Billion All-Cash Deal

Air Transport Services Group (ATSG), a prominent U.S.-based provider of air cargo and leasing services, has entered into a definitive agreement to be acquired by investment firm Stonepeak in an all-cash transaction valued at approximately $3.1 billion. The deal, which is expected to close in the first half of 2025, will result in ATSG transitioning from a publicly traded entity to a privately held company under Stonepeak’s ownership.