ATSG take-private
Stonepeak →Stonepeak agreed on 4 November 2024 to acquire Air Transport Services Group for approximately $3.1 billion enterprise value in an all-cash transaction. Shareholders were offered $22.50 per common share, a stated 29.3% premium to the prior trading close. The agreement included a go-shop mechanism and fully committed debt and affiliated-fund equity financing. ATSG combines cargo-aircraft leasing with passenger and freight flying, maintenance and ground services. Stonepeak linked the investment to e-commerce demand and its North American infrastructure strategy. Evercore advised Stonepeak, supported by Simpson Thacher and Hogan Lovells. The current official portfolio dates the investment to April 2025; the November release itself described a proposed acquisition.