FBOs
FBO Chain Atlantic Aviation Expected To Change Hands
Company was last sold just five years ago
Atlantic Aviation FBO Hangar
Atlantic Aviation, one of business aviation’s two FBO mega-chains, is reportedly about to be sold for the second time in less than five years. In that span, the value of the company is believed to have doubled. © Altantic Aviation

Investment firm Apollo Global Management is nearing the purchase of a majority stake in Atlantic Aviation in a multibillion-dollar deal from rival KKR, according to reports. Atlantic is the world’s second-largest FBO chain, with facilities at more than 100 locations in the U.S. and Caribbean. Apollo—founded in 1990 and with offices in New York, London, and Singapore—is expected to soon complete the transaction in cooperation with Singapore-based sovereign wealth fund GIC.

KKR purchased the FBO chain in 2021 from longtime owner Macquarie Infrastructure in a deal worth $4.475 billion, including approximately $1 billion in assumed debt. Bloomberg noted that this latest transaction, just five years later, could value the company at more than double that price.