Apollo-led investors complete Atlas transaction
The investor group led by funds managed by affiliates of Apollo, accompanied by investment affiliates of J.F. Lehman & Company and Hill City Capital, has completed its acquisition of Atlas Air Worldwide.
The US provider of outsourced aircraft and aviation operating services will continue to maintain its global presence, to operate under its name and to be led by president and CEO John Dietrich and the company’s current executive leadership team.
Pursuant to the terms of the transaction announced on 4 August 2022, the investor group acquired all of the outstanding shares of Atlas Air Worldwide stock.
Its shareholders are entitled to receive USD 102.50 in cash for each share of the common stock owned. As a result of the transaction completion, the company's common stock is no longer trading on Nasdaq. (ah)