Atlantic Aviation Acquisition & Valuation

Atlantic Aviation was acquired by KKR for $4.5B in June 2021.

Atlantic Aviation acquisition price

$4.5B

Acquired by KKR · Jun 2021

Atlantic Aviation EBITDA multiple at acquisition

16.2x

EV/EBITDA · Jun 2021

Key investors in Atlantic Aviation

Atlantic Aviation Overview

About Atlantic Aviation

Atlantic Aviation is a fixed-base operator network providing aircraft fueling, hangar storage, ground handling, and crew amenities at 70 locations across the United States and Europe. Acquired by Signature Aviation in 2021, it serves private jets and corporate flights at airports like Teterboro, Van Nuys, and London Luton. Services include GPU power, deicing, catering from vendors like Sobel, and crew lounges.


Founded

1927

HQ

United StatesDallas, TX

Status

Acquired

Customer focus

B2B

Revenue model

Services

Valuation

$10B (Aug 2026)

Atlantic Aviation Acquisition

Atlantic Aviation was acquired by KKR for $4.5B on 7 June 2021.

The acquisition price implies a 16.2x EBITDA multiple.

Atlantic Aviation is one of the largest networks of fixed-base operations (FBOs) in the United States, operating 69 locations at the time of the transaction and providing a comprehensive suite of services to the private aviation sector including fueling, deicing, maintenance, hangar space leases, and passenger concierge services. Macquarie Infrastructure Corporation, which had owned Atlantic Aviation for 17 years, agreed to sell the business to KKR in June 2021 for $4.475 billion in cash, assumed debt, and reorganization obligations. The transaction valued Atlantic Aviation at 16.2 times its 2019 EBITDA and was expected to close in the fourth quarter of 2021 following customary regulatory approvals. KKR's investment was made primarily through its global infrastructure investors and core investments strategies, recognizing Atlantic Aviation as a critical infrastructure asset serving the private aviation sector. The deal represented a major infrastructure acquisition for KKR and was part of broader consolidation activity in the FBO industry, following Blackstone and Global Infrastructure Partners' $4.7 billion acquisition of Signature Aviation earlier in 2021.

Atlantic Aviation acquisition details
AcquirerDateTypePriceEV/EBITDA
7 Jun 2021PE buyout$4.5B16.2x

Sources: privateequitywire.co.uk, corporatejetinvestor.com

Atlantic Aviation Valuation

Atlantic Aviation is currently valued at $10B, based on its secondary sale in August 2026. Read the announcement ↗

The round was led by Apollo Global Management.

Atlantic Aviation valuation by funding round

Atlantic Aviation valuation by funding round
DateStageValuation
Aug 2026Secondary$10B

Atlantic Aviation Funding History

Atlantic Aviation has 1 recorded secondary share sale and no primary funding rounds.

Atlantic Aviation funding rounds
DateStageInvestorsValuationDeal Summary
Aug 2026SecondaryApollo Global Management (lead)$10BApollo-managed funds acquired a significant co-controlling interest in Atlantic Aviation from KKR-managed funds in August 2026, in a transaction valuing the private aviation infrastructure platform at nearly $10 billion. KKR remained a substantial shareholder after the deal, which was structured as a strategic partnership to support Atlantic Aviation’s continued growth. The transaction reflects Apollo’s push into aviation infrastructure and extends KKR’s role as a continuing owner rather than a full exit. Atlantic Aviation is one of the largest private aviation infrastructure platforms in the United States, operating a major fixed-base operator network serving private aviation customers across North America and the Caribbean. Atlantic Aviation was previously acquired by KKR in 2021, and the company’s enterprise value rose from about $4.5 billion at that time to nearly $10 billion in the 2026 secondary transaction. Apollo and KKR presented the deal as a long-term partnership focused on growth, with Apollo Funds joining as an important investor while KKR retained a meaningful stake.

Who has invested in Atlantic Aviation?

1 investor has backed Atlantic Aviation across its funding rounds, including Apollo Global Management.

Lead investors include Apollo Global Management.


Atlantic Aviation Investors

Investors in Atlantic Aviation by funding rounds participated
InvestorHQRoundsRoleFirst check

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Atlantic Aviation Competitors

Atlantic Aviation competitors include listed companies like Shanghai Airport, GMR Airports, Auckland International Airport and Flughafen Zuerich, and private ones like Adani Airports and Perth Airport.

Public and private companies comparable to Atlantic Aviation
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Shanghai AirportChinaChinaPublicly listed$2B$939M$9.2B4.8x
GMR AirportsIndiaIndiaPublicly listed$1.4B$617M$11B9.2x
Auckland International AirportNew ZealandNew ZealandPublicly listed$540M$355M$8.4B16.2x
Flughafen ZuerichSwitzerlandSwitzerlandPublicly listed$1.7B$927M$7.9B5.7x
Adani AirportsIndiaAhmedabadPrivate$1.4B$565M$19B13.9x
Perth AirportAustraliaPerthPrivate--$4.6B-

Atlantic Aviation Public Comps

Atlantic Aviation is no longer listed, but its public comps include Shanghai Airport, GMR Airports, Auckland International Airport, Flughafen Zuerich, ASUR, Fraport, Aéroports de Paris, Copenhagen Airport, Grupo Aeroportuario del Pacífico and Clear Secure.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Shanghai Airport$2B$939M4.9x4.8x10.5x11.1x
GMR Airports$1.4B$617M10.6x9.2x24.3x22.7x
Auckland International Airport$540M$355M18.3x16.2x27.8x23.1x
Flughafen Zuerich$1.7B$927M5.9x5.7x10.5x10.3x
ASUR$2B$981M5.7x5.4x11.6x10.0x
Fraport$5B$1.6B3.8x3.8x12.1x11.7x
Aéroports de Paris$7.5B$2.2B3.1x3.1x10.4x9.0x
Copenhagen Airport$827M$405M9.7x-19.7x-

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Common questions about Atlantic Aviation

When was Atlantic Aviation founded?Atlantic Aviation was founded in 1927.
Where is Atlantic Aviation headquartered?Atlantic Aviation is headquartered in Dallas, TX, United States.
Is Atlantic Aviation publicly listed?No, Atlantic Aviation was acquired by KKR in June 2021.
Who acquired Atlantic Aviation?Atlantic Aviation was acquired by KKR in June 2021.
How much was Atlantic Aviation acquired for?Atlantic Aviation was acquired for $4.5B in June 2021.
What is Atlantic Aviation's valuation?Atlantic Aviation was last valued at $10B in its secondary sale in August 2026.
Who are Atlantic Aviation's investors?Atlantic Aviation's investors include Apollo Global Management.
Which companies are comparable to Atlantic Aviation?Companies comparable to Atlantic Aviation include Shanghai Airport, GMR Airports, Auckland International Airport, Flughafen Zuerich, Adani Airports and Perth Airport.

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