FBOs
Apollo Funds Acquires Major Stake in Atlantic Aviation
KKR purchased the FBO chain in 2021
Atlantic Aviation FBO
Under KKR’s management, Atlantic Aviation has gone from 69 FBO locations to 105. KKR has now sold a significant portion of its shares in the service provider to Apollo Funds in a move that was long anticipated.

U.S.-based private equity company KKR has sold what it described as “significant interest” in its Atlantic Aviation holdings to global asset manager Apollo Funds in a move that had been discussed for several months.

KKR acquired Atlantic—one of just two FBO mega-chains in the industry—from longtime owner Macquarie Infrastructure in 2021 for nearly $4.5 billion. At the time, the service provider had 69 locations in the U.S. Under KKR’s stewardship, it has since grown to more than 100. While KKR remains a substantial shareholder, the transaction values Atlantic Aviation at nearly $10 billion.