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International Business Times
International Business Times
Business
Ann Resuma

Stonepeak Reportedly Close To $3.1 Billion Acquisition Of ATSG

Stonepeak New York
Newly redesigned $100 notes lay in stacks at the Bureau of Engraving and Printing in Washington, DC (Credit: Mark Wilson/Getty Images)

Stonepeak is reportedly engaged in advanced discussions to purchase Air Transport Services Group (ATSG), a key player in aircraft leasing and cargo transportation services, for approximately $3.1 billion, inclusive of debt.

The potential acquisition highlights the increasing importance of air cargo logistics in today's economy, as businesses increasingly depend on quick delivery services.

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