Apollo Acquires Stake in Atlantic Aviation at $10 Billion Valuation, KKR Remains Shareholder

(New York, New York) Apollo Global Management (NYSE: APO) and KKR (NYSE: KKR) announced today (Aug. 27) a strategic partnership whereby Apollo has acquired a significant interest in fixed-base operator service provider Atlantic Aviation, while KKR-managed funds remain a substantial shareholder, in a transaction valuing Atlantic Aviation at nearly $10 billion.

Image from February 2025, when Atlantic Aviation rebranded its facility at Owen Roberts International Airport in Grand Cayman, courtesy of Atlantic Aviation.

Atlantic Aviation operates more than 100 fixed base operations (FBOs) across the U.S. – providing services including fueling, deicing, maintenance and passenger concierges, and hangar and office space leases – and was acquired by KKR from Macquarie Infrastructure for about $4.5 billion in 2021.

In April of 2025, Bloomberg reported that KKR was reportedly exploring a sale of Atlantic Aviation.

“This transaction is more than a milestone for Atlantic – it is a powerful validation of what our people have built together,” said Atlantic Aviation CEO Jeff Foland. “To have two of the world’s most respected investment firms choose to invest in our company is an extraordinary endorsement of our people, our performance, and our potential. We are incredibly proud of what we have accomplished, and even more excited about what comes next."

Apollo Partner David Cohen said, “Atlantic has built an irreplicable 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. The private aviation market has structural tailwinds that we believe will persist, and Atlantic is well positioned to capture that growth. We look forward to working closely with Jeff, the entire Atlantic team and KKR to build on its momentum through targeted investment and strategic new market expansion.”

KKR Partner Dash Lane said, “Atlantic Aviation exemplifies the kind of scaled, essential infrastructure platform we seek to build in our portfolio. Over the past five years, we have worked closely with Jeff and the team to expand and strengthen the business, and we believe there is meaningful opportunity ahead. Our continued support of the company reflects our conviction in both the strength of the platform and the long-term growth of the sector, and we are pleased to welcome the Apollo Funds as new investors in the Company.”