Apollo-managed funds have acquired a significant interest in Atlantic Aviation through a strategic partnership with KKR that values the private aviation infrastructure platform at nearly $10 billion. KKR-managed funds will remain a substantial shareholder.
Atlantic Aviation operates fixed-base operator locations across the U.S., providing aircraft fueling, hangar leasing and other aviation services through a network supported by long-term airport concession agreements.
KKR acquired Atlantic in 2021 and has since supported acquisitions and organic expansion across the U.S. and select international markets.
Apollo sees additional growth opportunities from investment in the existing platform and expansion into new markets.
The transaction brings together two major alternative investment managers with significant infrastructure exposure. Apollo has originated more than $155 billion of infrastructure transactions and financings over the past five years, while KKR manages more than $120 billion in infrastructure assets and has invested over $12 billion in aviation since 2015.
Apollo reported approximately $1.05 trillion in assets under management as of June 30, 2026.
Evercore and Morgan Stanley advised KKR, with Kirkland & Ellis serving as legal counsel. Paul Weiss advised the Apollo funds.
KEY QUOTES:
“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.”
David Cohen, Partner At Apollo
“This transaction is more than a milestone for Atlantic, it is a powerful validation of what our people have built together.”
Jeff Foland, CEO Of Atlantic Aviation
