Air Transport Services Group Completes Acquisition by Stonepeak: A New Era Begins
Wilmington, Ohio – In a significant move that is set to redefine the freight aircraft leasing and air transport industry, Air Transport Services Group, Inc. (ATSG) has announced the successful completion of its acquisition by Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets. This all-cash transaction, valued at approximately $3.1 billion, marks an important milestone in ATSG’s journey.
A New Chapter for ATSG
Speaking on the occasion, ATSG’s President and CEO, Mike Berge, expressed his excitement about the future. “Today marks an important milestone in ATSG’s journey,” he said. “We are thrilled to have Stonepeak as our new partner. Their expertise in infrastructure and real assets will be invaluable as we continue to expand our business and deliver innovative solutions to our customers.”
Stonepeak’s Investment in ATSG: Implications for the Industry
Stonepeak’s investment in ATSG is expected to bring about several positive changes in the freight aircraft leasing and air transport industry. Here are some potential implications:
- Increased focus on innovation: With Stonepeak’s deep industry expertise, ATSG is likely to invest more in research and development to create cutting-edge solutions for its customers.
- Expansion of global footprint: Stonepeak’s global network and resources could help ATSG expand its operations in new markets and serve a broader customer base.
- Enhanced operational efficiency: Stonepeak’s operational expertise could help ATSG optimize its processes and reduce costs, making its services more competitive.
Impact on Customers and Employees
For ATSG’s customers and employees, the acquisition by Stonepeak could bring about several positive changes:
- Improved customer service: With increased resources and operational efficiency, ATSG could offer better customer service and more flexible solutions.
- Career growth opportunities: As ATSG expands its operations, it could create new job opportunities for employees and offer opportunities for career growth.
A Global Leader in Freight Aircraft Leasing and Air Transport
With this acquisition, ATSG is poised to become a global leader in medium widebody freighter aircraft leasing, air transport operations, and support services. The company’s commitment to innovation, operational excellence, and customer service will continue to drive its growth in the years to come.
As we look ahead, we are excited about the possibilities that this new partnership brings. Together, ATSG and Stonepeak will continue to deliver innovative solutions to meet the evolving needs of the freight aircraft leasing and air transport industry.
Conclusion
In conclusion, the acquisition of Air Transport Services Group by Stonepeak is a significant development that is set to redefine the freight aircraft leasing and air transport industry. With Stonepeak’s deep industry expertise and resources, ATSG is well-positioned to expand its operations, optimize its processes, and deliver innovative solutions to its customers. This new partnership represents an exciting chapter in ATSG’s journey and a promising future for the industry as a whole.
As a customer or employee of ATSG, you can look forward to improved customer service, career growth opportunities, and a commitment to operational excellence. Together, we will continue to push the boundaries of what is possible in the freight aircraft leasing and air transport industry.
Stay tuned for more updates on this exciting new partnership!
