{"success":true,"data":{"pressRelease":{"id":"129232","rtpr_id":"nGNX5DyPb9","ticker":"APO","exchange":"NYSE","all_tickers":["APO","KKR"],"title":"Apollo Funds and KKR Announce Strategic Partnership to Support Atlantic Aviation’s Continued Growth","author":"Globe Newswire","published_at":"2026-08-27T12:00:00.413Z","article_body":"NEW YORK, Aug. 27, 2026 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) and KKR (NYSE:\nKKR) today announced a strategic partnership to support the continued growth\nof Atlantic Aviation (the “Company”), one of the largest private aviation\ninfrastructure platforms in the United States. Under the transaction,\nApollo-managed funds (the “Apollo Funds”) have acquired a significant\ninterest in the Company, while KKR-managed funds remain a substantial\nshareholder. The transaction values Atlantic Aviation at nearly $10 billion.\n\nAtlantic Aviation is one of the leading providers of fixed-base operator\n(“FBO”) services in the United States, with locations across the country\nserving corporate and general aviation customers. The Company provides\nmission-critical infrastructure including aircraft fueling, hangar leasing and\nother essential aviation services, supported by long-term airport concession\nagreements and a highly diversified footprint across high-activity airfields.\n\nApollo Partner David Cohen said, “Atlantic has built an irreplicable\ninfrastructure footprint across the nation’s busiest airports, underpinned\nby long-term concession agreements and a customer base that values reliability\nand service above all else. The private aviation market has structural\ntailwinds that we believe will persist, and Atlantic is well positioned to\ncapture that growth. We look forward to working closely with Jeff, the entire\nAtlantic team and KKR to build on its momentum through targeted investment and\nstrategic new market expansion.”\n\nKKR Partner Dash Lane said, “Atlantic Aviation exemplifies the kind of\nscaled, essential infrastructure platform we seek to build in our portfolio.\nOver the past five years, we have worked closely with Jeff and the team to\nexpand and strengthen the business, and we believe there is meaningful\nopportunity ahead. Our continued support of the company reflects our\nconviction in both the strength of the platform and the long-term growth of\nthe sector, and we are pleased to welcome the Apollo Funds as new investors in\nthe Company.”\n\nSince KKR's acquisition in 2021, Atlantic has meaningfully expanded its\nlocations through strategic acquisitions and organic growth throughout the\nUnited States and certain international locations, while enhancing its\ncustomer offerings and operational capabilities. KKR has also supported\nsignificant investment in employee health and safety, resulting in Atlantic\nhaving one of the best safety records in the industry.\n\n“This transaction is more than a milestone for Atlantic – it is a powerful\nvalidation of what our people have built together. To have two of the\nworld’s most respected investment firms choose to invest in our company is\nan extraordinary endorsement of our people, our performance, and our\npotential. We are incredibly proud of what we have accomplished, and even more\nexcited about what comes next,” said Jeff Foland, CEO, Atlantic Aviation.\n\nOver the past five years, Apollo has originated more than $155 billion(i) of\ninfrastructure transactions and financings across energy, transportation,\ndigital and industrial sectors. Apollo Infrastructure Group represents a key\ngrowth vertical for Apollo as it continues to deploy flexible, large-scale\ncapital solutions across essential infrastructure assets.\n\nKKR’s infrastructure business has been investing globally for nearly two\ndecades and today manages more than $120 billion in infrastructure assets.\nSince 2015, KKR has invested more than $12 billion across the aviation sector.\nKKR is funding its investment primarily through its infrastructure vehicles.\n\nPaul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel to the\nApollo Funds. Evercore and Morgan Stanley & Co. LLC served as financial\nadvisors and Kirkland & Ellis served as legal advisor to KKR.\n\nAbout Apollo\n\nApollo is a high-growth, global alternative asset manager. In our asset\nmanagement business, we seek to provide our clients excess return at every\npoint along the risk-reward spectrum from investment grade credit to private\nequity. For more than three decades, our investing expertise across our fully\nintegrated platform has served the financial return needs of our clients and\nprovided businesses with innovative capital solutions for growth. Through\nAthene, our retirement services business, we specialize in helping clients\nachieve financial security by providing a suite of retirement savings products\nand acting as a solutions provider to institutions. Our patient, creative, and\nknowledgeable approach to investing aligns our clients, businesses we invest\nin, our employees, and the communities we impact, to expand opportunity and\nachieve positive outcomes. As of June 30, 2026, Apollo had approximately $1.05\ntrillion of assets under management. To learn more, please visit\nwww.apollo.com.\n\nAbout KKR\n\nKKR is a leading global investment firm that offers alternative asset\nmanagement as well as capital markets and insurance solutions. KKR aims to\ngenerate attractive investment returns by following a patient and disciplined\ninvestment approach, employing world-class people, and supporting growth in\nits portfolio companies and communities. KKR sponsors investment funds that\ninvest in private equity, credit and real assets and has strategic partners\nthat manage hedge funds. KKR’s insurance subsidiaries offer retirement, life\nand reinsurance products under the management of Global Atlantic Financial\nGroup. References to KKR’s investments may include the activities of its\nsponsored funds and insurance subsidiaries. For additional information about\nKKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For\nadditional information about Global Atlantic Financial Group, please visit\nGlobal Atlantic Financial Group’s website at www.globalatlantic.com.\n\nContacts\n\nFor Apollo:\nNoah Gunn\nGlobal Head of Investor Relations\nApollo Global Management, Inc.\n(212) 822-0540\nIR@apollo.com\n\nJoanna Rose\nGlobal Head of Corporate Communications\nApollo Global Management, Inc.\n(212) 822-0491\nCommunications@apollo.com\n\nFor KKR:\nLiidia Liuksila\n+1 (212) 750-8300\nmedia@kkr.com\n\n(i) The deployment, commitment, or arrangement of capital into infrastructure\ninvestments is commensurate with Apollo’s proprietary Infrastructure\nInvestment Classification Framework and Calculation Methodology (the\n“Methodology”). The Methodology, which is subject to change at any time\nwithout notice, sets forth certain categories of investments classified by\nApollo as infrastructure investments. Only investments determined to be\naligned with one or more categories of infrastructure investment in accordance\nwith the Methodology are counted toward the deployment, commitment,\nor arrangement of capital. Under the Methodology, Apollo uses different\ncalculation methodologies for different types of asset classes. For additional\ndetails on the Methodology, please refer to our website.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/24205df4-cb1e-4a5f-89c1-5ebcc2e59b81)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX5DyPb9","title":"Apollo Funds and KKR Announce Strategic Partnership to Support Atlantic Aviation’s Continued Growth","author":"Globe Newswire","ticker":"APO","created":"2026-08-27T12:00:00.413Z","tickers":["APO","KKR"],"exchange":"NYSE","article_body":"NEW YORK, Aug. 27, 2026 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) and KKR (NYSE:\nKKR) today announced a strategic partnership to support the continued growth\nof Atlantic Aviation (the “Company”), one of the largest private aviation\ninfrastructure platforms in the United States. Under the transaction,\nApollo-managed funds (the “Apollo Funds”) have acquired a significant\ninterest in the Company, while KKR-managed funds remain a substantial\nshareholder. The transaction values Atlantic Aviation at nearly $10 billion.\n\nAtlantic Aviation is one of the leading providers of fixed-base operator\n(“FBO”) services in the United States, with locations across the country\nserving corporate and general aviation customers. The Company provides\nmission-critical infrastructure including aircraft fueling, hangar leasing and\nother essential aviation services, supported by long-term airport concession\nagreements and a highly diversified footprint across high-activity airfields.\n\nApollo Partner David Cohen said, “Atlantic has built an irreplicable\ninfrastructure footprint across the nation’s busiest airports, underpinned\nby long-term concession agreements and a customer base that values reliability\nand service above all else. The private aviation market has structural\ntailwinds that we believe will persist, and Atlantic is well positioned to\ncapture that growth. We look forward to working closely with Jeff, the entire\nAtlantic team and KKR to build on its momentum through targeted investment and\nstrategic new market expansion.”\n\nKKR Partner Dash Lane said, “Atlantic Aviation exemplifies the kind of\nscaled, essential infrastructure platform we seek to build in our portfolio.\nOver the past five years, we have worked closely with Jeff and the team to\nexpand and strengthen the business, and we believe there is meaningful\nopportunity ahead. Our continued support of the company reflects our\nconviction in both the strength of the platform and the long-term growth of\nthe sector, and we are pleased to welcome the Apollo Funds as new investors in\nthe Company.”\n\nSince KKR's acquisition in 2021, Atlantic has meaningfully expanded its\nlocations through strategic acquisitions and organic growth throughout the\nUnited States and certain international locations, while enhancing its\ncustomer offerings and operational capabilities. KKR has also supported\nsignificant investment in employee health and safety, resulting in Atlantic\nhaving one of the best safety records in the industry.\n\n“This transaction is more than a milestone for Atlantic – it is a powerful\nvalidation of what our people have built together. To have two of the\nworld’s most respected investment firms choose to invest in our company is\nan extraordinary endorsement of our people, our performance, and our\npotential. We are incredibly proud of what we have accomplished, and even more\nexcited about what comes next,” said Jeff Foland, CEO, Atlantic Aviation.\n\nOver the past five years, Apollo has originated more than $155 billion(i) of\ninfrastructure transactions and financings across energy, transportation,\ndigital and industrial sectors. Apollo Infrastructure Group represents a key\ngrowth vertical for Apollo as it continues to deploy flexible, large-scale\ncapital solutions across essential infrastructure assets.\n\nKKR’s infrastructure business has been investing globally for nearly two\ndecades and today manages more than $120 billion in infrastructure assets.\nSince 2015, KKR has invested more than $12 billion across the aviation sector.\nKKR is funding its investment primarily through its infrastructure vehicles.\n\nPaul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel to the\nApollo Funds. Evercore and Morgan Stanley & Co. LLC served as financial\nadvisors and Kirkland & Ellis served as legal advisor to KKR.\n\nAbout Apollo\n\nApollo is a high-growth, global alternative asset manager. In our asset\nmanagement business, we seek to provide our clients excess return at every\npoint along the risk-reward spectrum from investment grade credit to private\nequity. For more than three decades, our investing expertise across our fully\nintegrated platform has served the financial return needs of our clients and\nprovided businesses with innovative capital solutions for growth. Through\nAthene, our retirement services business, we specialize in helping clients\nachieve financial security by providing a suite of retirement savings products\nand acting as a solutions provider to institutions. Our patient, creative, and\nknowledgeable approach to investing aligns our clients, businesses we invest\nin, our employees, and the communities we impact, to expand opportunity and\nachieve positive outcomes. As of June 30, 2026, Apollo had approximately $1.05\ntrillion of assets under management. To learn more, please visit\nwww.apollo.com.\n\nAbout KKR\n\nKKR is a leading global investment firm that offers alternative asset\nmanagement as well as capital markets and insurance solutions. KKR aims to\ngenerate attractive investment returns by following a patient and disciplined\ninvestment approach, employing world-class people, and supporting growth in\nits portfolio companies and communities. KKR sponsors investment funds that\ninvest in private equity, credit and real assets and has strategic partners\nthat manage hedge funds. KKR’s insurance subsidiaries offer retirement, life\nand reinsurance products under the management of Global Atlantic Financial\nGroup. References to KKR’s investments may include the activities of its\nsponsored funds and insurance subsidiaries. For additional information about\nKKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For\nadditional information about Global Atlantic Financial Group, please visit\nGlobal Atlantic Financial Group’s website at www.globalatlantic.com.\n\nContacts\n\nFor Apollo:\nNoah Gunn\nGlobal Head of Investor Relations\nApollo Global Management, Inc.\n(212) 822-0540\nIR@apollo.com\n\nJoanna Rose\nGlobal Head of Corporate Communications\nApollo Global Management, Inc.\n(212) 822-0491\nCommunications@apollo.com\n\nFor KKR:\nLiidia Liuksila\n+1 (212) 750-8300\nmedia@kkr.com\n\n(i) The deployment, commitment, or arrangement of capital into infrastructure\ninvestments is commensurate with Apollo’s proprietary Infrastructure\nInvestment Classification Framework and Calculation Methodology (the\n“Methodology”). The Methodology, which is subject to change at any time\nwithout notice, sets forth certain categories of investments classified by\nApollo as infrastructure investments. Only investments determined to be\naligned with one or more categories of infrastructure investment in accordance\nwith the Methodology are counted toward the deployment, commitment,\nor arrangement of capital. Under the Methodology, Apollo uses different\ncalculation methodologies for different types of asset classes. For additional\ndetails on the Methodology, please refer to our website.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/24205df4-cb1e-4a5f-89c1-5ebcc2e59b81)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-08-27T12:00:00.518938683Z","server_sent_at_ms":1787832000518},"received_at":"2026-08-27T12:00:00.569Z","source_url":"https://www.globenewswire.com/news-release/2026/08/27/3351962/0/en/apollo-funds-and-kkr-announce-strategic-partnership-to-support-atlantic-aviation-s-continued-growth.html"},"analysis":{"id":"118144","press_release_id":"129232","analysis_json":{"industry":{"label":"Capital Markets","sector":"Financials"},"redFlags":[],"eventType":"partnership","narrative":"Apollo Funds and KKR formed a strategic partnership to support Atlantic Aviation, a leading fixed-base operator valued at nearly $10 billion.\n\nApollo-managed funds acquired a significant interest in Atlantic while KKR remains a substantial shareholder, leveraging structural tailwinds in the private aviation market.\n\nThis transaction marks a major deployment for Apollo's infrastructure vertical, which has originated over $155 billion in transactions and financings over the last five years.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Apollo doubles down on essential infrastructure with a $10B Atlantic Aviation partnership alongside KKR."},"keyFigures":{"dealValueUsd":"$10 billion","customDimensions":{"aum":"$1.05 trillion","kkr_aviation_investment":"$12 billion","kkr_infrastructure_assets":"$120 billion","apollo_infrastructure_transactions_5yr":"$155 billion"}},"quotedText":"The private aviation market has structural tailwinds that we believe will persist, and Atlantic is well positioned to capture that growth.","namedEntities":{"people":[{"name":"David Cohen","role":"Partner, Apollo"},{"name":"Dash Lane","role":"Partner, KKR"},{"name":"Jeff Foland","role":"CEO, Atlantic Aviation"}],"products":["Athene"],"companies":[{"name":"Atlantic Aviation","relationship":"portfolio company"},{"name":"KKR","ticker":"KKR","relationship":"partner"},{"name":"Paul, Weiss, Rifkind, Wharton & Garrison LLP","relationship":"legal counsel to Apollo"},{"name":"Evercore","relationship":"financial advisor to KKR"},{"name":"Morgan Stanley & Co. 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