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Stonepeak to Acquire Air Transport Services Group in $3.1 Billion Transaction

11.04.24

Simpson Thacher is representing Stonepeak in connection with its acquisition of Air Transport Services Group, Inc. (“ATSG”) for $22.50 per common share, representing an enterprise value of approximately $3.1 billion. The transaction is expected to close in the first half of 2025, subject to customary closing conditions, including approval by ATSG shareholders and the receipt of required regulatory clearances and approvals.

ATSG is a leading provider of aircraft leasing, air cargo lift, passenger ACMI and charter services, aircraft maintenance services and airport ground services and is the world’s largest owner and operator of converted Boeing 767 freighter aircraft.

The Simpson Thacher team includes Eli Hunt, Keegan Lopez, Julia Tory, Jared Wolfson and Angel Li (M&A); Brian Gluck, Patrick Wolff, Dimitrios Fthenakis and Leena Sanka (Credit); Ryan Bekkerus, Lia Toback and Melissa Lewis (Capital Markets); Tristan Brown, Allison Sutherland, Radhika Tahiliani and Miles Jasper (Executive Compensation and Employee Benefits); Jonathan Goldstein, Ruoxi Zhang and Paul Jansch (Tax); Mick Tuesley, Mark Skerry, Claire DiMario and Taylor Wettach (Regulatory); Peter Guryan, Richard Jamgochian and Jamie Logie (Antitrust); Lori Lesser and Chandler Gerard-Reimer (Intellectual Property); Michael Isby and Deepa Sarkar (Environmental); Krista McManus (Real Estate); Steven DeLott (Insurance); and Nathan Utterback (Derivatives).

Team and Contacts