Atlantic Street Capital Management has acquired a majority stake in GAT Airline Ground Support (GAT) from its founding family.
The acquirer company is a private equity firm, whereas the target company provides out-sourced airline services at airports across the US.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
GAT provides ramp services, passenger handling, and related ancillary services at 37 US airports.
The acquisition will allow the company to enhance its infrastructure, broaden its services and grow rapidly in the market.
The North West Company has agreed to acquire North Star Air, an airliner operating in Ontario, Canada, for a cash consideration of C$31m ($20.92m) and immediate follow-on investments of approximately C$14m ($10.2m) to increase aeroplane and hub capacity.
The transaction is expected to be completed in June 2017, subject to shareholder approvals and other customary closing conditions.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataAlso based in Canada, the acquirer company is a retailer of food and everyday products and services.
