07Nov, 24 Investment firm to acquire air cargo company ATSG for $3.1 billion | News
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New York investment firm Stonepeak has signed an agreement to acquire US air cargo and aircraft leasing company Air Transport Services Group (ATSG) for $3.1 billion under a deal that would make ATSG a private company.
ATSG, now publicly traded on the NASDAQ exchange, disclosed the news on 4 November, saying it expects the all-cash acquisition will close in the first half of 2025.
The plan has been green lighted by ATSG’s board of directors but still requires shareholder approval. ATSG primarily …