Alton Aviation Consultancy advises KKR on Atlantic Aviation acquisition
New York – 3 August 2021 – Alton Aviation Consultancy acted as the lead commercial due diligence advisor for KKR, a leading global investment firm, on its acquisition of Atlantic Aviation from Macquarie Infrastructure Corporation (MIC).
Atlantic Aviation operates one of the largest networks of fixed base operations (FBOs) in the United States, providing a full suite of services to the private and business aviation sector. A definitive agreement for MIC to sell Atlantic Aviation to KKR for US$4.475 billion was agreed in June 2021.
Adam Cowburn, Managing Director with Alton Aviation Consultancy says: “We are proud to support KKR in this investment. In our role as lead commercial due diligence advisor for KKR, Alton prepared a commercial market overview and forecast of activity for North American aviation businesses. In addition, we conducted a technical assessment of the company operations to inform KKR’s investment thesis.”
The transaction is expected to close in the second half of 2021.