Stonepeak finalizes its $3.1 billion purchase of ATSG in a cash-only transaction.

Air Transport Services Group, Inc. (ATSG) has been acquired by Stonepeak in a $3.1 billion cash deal, announced on November 4, 2024, and completed after shareholder approval on February 10, 2025. ATSG's common shares will no longer be traded on NASDAQ, with shareholders receiving $22.50 per share. ATSG CEO Mike Berger expressed optimism about the company's future as a private entity under Stonepeak, highlighting the team's talent and commitment to growth. Stonepeak's James Wyper noted ATSG's leadership in global aircraft leasing and looks forward to their partnership.