Apollo buys Atlantic Aviation stake in nearly $10B deal

September 2, 2026 at 12:13 AM2 min

This digest was compiled by AI from multiple sources — links to the originals are below.

Apollo Funds acquired a major stake in Atlantic Aviation from KKR in a deal valuing the FBO network at nearly $10 billion. KKR will remain a substantial shareholder, the companies announced on August 31, 2026. The transaction comes five years after KKR bought Atlantic for nearly $4.5 billion.

Key Facts

Apollo Funds acquired a major stake in Atlantic Aviation from KKR in a deal valuing the FBO network at nearly $10 billion.
KKR will remain a substantial shareholder in Atlantic following the transaction, the companies announced on August 31, 2026.
Atlantic has expanded to 105 locations, more than 30 of which were added through acquisitions, according to Apollo.
The nearly $10 billion valuation is more than twice the price KKR paid for Atlantic in 2021.
Atlantic began work in August on a second FBO at Nashville International Airport (BNA).

Deal Structure

Apollo Funds acquired a major stake in Atlantic Aviation from private equity firm KKR in a deal that values the FBO network at nearly $10 billion. KKR will remain a substantial shareholder in Atlantic following the transaction, the companies announced on August 31, 2026. Financial terms of Apollo’s investment were not disclosed. The deal comes five years after KKR acquired Atlantic Aviation from Macquarie Infrastructure for nearly $4.5 billion in 2021.

Atlantic Aviation Expansion

Atlantic has since expanded to 105 locations, more than 30 of which have been added through acquisitions, according to Apollo. The company provides fuel, hangar space, aircraft handling and other services to business and private aircraft operators. The nearly $10 billion valuation is more than twice the price KKR paid for Atlantic in 2021, reflecting both the company’s expansion and continued strength in the private aviation market. Atlantic began work in August on a second FBO at Nashville International Airport (BNA), which will supplement its existing location there.

Apollo Investment Outlook

Apollo said it sees further opportunities to expand Atlantic’s network and invest in its existing locations. “Atlantic has built an irreplaceable infrastructure footprint across the nation’s busiest airports, underpinned by long-term concession agreements and a customer base that values reliability and service above all else,” Apollo Partner David Cohen said. Cohen said Apollo expects the current private aviation boom to continue and plans to work with Atlantic and KKR on additional investment and expansion. Atlantic is one of two major FBO chains that dominate the upper end of the US business aviation ground-services market, alongside Signature Aviation.