Pictured: Mike Berger, CEO of ATSG
The transaction was announced on 4 November 2024 and was approved by ATSG’s stockholders on 10 February 2025.
Holders of ATSG’s common shares will receive $22.50 per share in cash and common shares have ceased trading and will no longer be listed on NASDAQ.
Mike Berger, CEO of ATSG, says, “As a private company – and with Stonepeak’s support, as a leading investor in transportation, logistics, and asset leasing businesses – we are well-positioned to enhance our capabilities and sustain ATSG’s long term growth.”
James Wyper, Senior Managing Director, Head of Transportation and Logistics, and Head of US Private Equity at Stonepeak, adds, “We look forward to partnering with Mike and the rest of the team to support ATSG in its next chapter as a private company.”
Goldman Sachs & Co LLP was ATSG’s financial advisor and Davis Polk & Wardwell LLP, Vorys, Sater, Seymour & Pease LLP and Silverberg Goldman LLP acted as legal counsel.
Evercore was the financial advisor to Stonepeak and Simpson Thacher & Bartlett LLP and Hogan Lovells US LLP acted as legal counsel.