FBOs
Atlantic Aviation Sale Closes
Macquarie Infrastructure Corporation ended its long ownership Atlantic Aviation with the conclusion of the sale of the company to KKR.
After 17 years Macquarie Infrastructure Holdings ended its ownership of Atlantic Aviation with the close of the sale to KKR. Under Macquarie's tenure, Atlantic grew to become the world's second largest FBO chain. (Photo: Atlantic Aviation)
After 17 years Macquarie Infrastructure Holdings ended its ownership of Atlantic Aviation with the close of the sale to KKR. Under Macquarie's tenure, Atlantic grew to become the world's second largest FBO chain. (Photo: Atlantic Aviation)

Macquarie Infrastructure Corporation ended its long ownership of FBO chain Atlantic Aviation late last week. On Friday, Macquarie announced the conclusion of Atlantic's sale to global investment firm KKR. The terms of the deal, revealed in June, had a sale price of $4.475 billion, including approximately $1 billion in assumed debt.

For Macquarie, it marks the end of a remarkable span owning the FBO chain it purchased back in 2004 for a reported $238 million. Under its watch, Atlantic grew to become the world’s second-largest service provider chain, behind Signature Flight Support, which also was sold this year.