Press

July 12, 2022

Atlantic Aviation and Ross Aviation Complete Business Combination; Acquire Three Former TAC Air FBOs

Atlantic Aviation (the “Company”) today announced it has added significantly to its network presence and operational leadership with the completion of its combination with Ross Aviation. In addition, the Company has acquired three former TAC Air fixed-base operations (“FBOs”) at Omaha, Nebraska (OMA); Raleigh-Durham, North Carolina (RDU); and Hartford, Connecticut (BDL). The combined companies and new locations will operate under the Atlantic Aviation brand name and will build upon their shared cultures of safe, efficient and friendly FBO services across North America.

The new Atlantic Aviation offers customers more than 100 FBO locations – including the Company’s first locations in Hawaii and the Caribbean. Atlantic Aviation’s leadership is firmly committed to ensuring the Company’s on-going position as an award-winning provider of FBO services across North America, including the continuation and enhancement of Atlantic Awards, the Company’s best-in-class rewards program.

In addition, the Company will be investing significantly in enhancements to its service, technology, sustainability and strategic infrastructure in order to provide more choices, improved experiences, and better value for customers – as well as additional benefits for team members and for the communities they serve. Providing a safe, friendly and familiar experience across North America is a hallmark of Atlantic Aviation, something the Company describes as being “local everywhere.”

“’Local everywhere’ is more than just a slogan,” said Lou Pepper, CEO of Atlantic Aviation. “It’s a belief that ensures we’re not only where our customers want to be, but also that we reflect the culture of all of our local communities. It’s a meaningful point of differentiation over a cookie-cutter approach to service, and it’s something our customers truly appreciate.”

The combination of Atlantic, Ross Aviation and three former TAC Air facilities also brings more than 500 additional team members to the Atlantic Aviation family. Brian Corbett, previously CEO of Ross Aviation, has been appointed Chief Commercial & Sustainability Officer for Atlantic Aviation.

The business combination and recent acquisitions leverage the hospitality expertise of KSL Capital Partners (KSL), Ross Aviation’s principal owner for the past six years and now a significant minority owner of Atlantic Aviation, with KKR’s deep experience creating value in strategic infrastructure investments. KKR acquired Atlantic Aviation in 2021 and is the majority shareholder in the combined company.

“This combination brings together two highly regarded and complementary franchises to create an even stronger leadership presence in business aviation services,” said Dash Lane, Partner at KKR. “We are excited to join with the KSL team to support the new Atlantic Aviation as it pursues its strategy for delivering superb customer experiences and driving long term sustainable growth.”

Atlantic Aviation operates one of the leading networks of fixed base operations (FBOs) in North America, providing a full suite of critical services to the business aviation sector. With FBOs across North America, as well as Hawaii and the Caribbean, Atlantic Aviation provides a wide range of aircraft ground handling and corporate flight support, including fueling and line services, ground transportation, catering, hangar, deicing, and ramp space. To learn more, and for a complete list of locations, please visit https://www.atlanticaviation.com/.

About KKR
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.


About KSL Capital Partners
KSL Capital Partners, LLC is a private equity firm specializing in premier travel and leisure enterprises in five primary sectors: hospitality, recreation, clubs, real estate, and travel services. Since 2005, KSL has raised approximately $18 billion of capital across both debt and equity funds. For more information, please visit www.kslcapital.com.