Alaska Airlines Completes Acquisition of Hawaiian Airlines

Allegiant Travel Company to Acquire Sun Country Airlines in $1.5 Billion Deal

January 11, 2026

Transportation

Allegiant Travel Company has signed a definitive merger agreement to acquire Sun Country Airlines for about $1.5 billion in a cash-and-stock transaction. The combination is intended to create a larger, leisure-focused U.S. airline with an expanded route network and expected annual run-rate synergies of $140 million by the third year after closing.

Kelsian Group Acquires All Aboard America! Holdings, Inc.

June 2, 2023

Transportation

Australia’s Kelsian Group has completed the acquisition of 100% of All Aboard America! Holdings, Inc., a large US passenger motorcoach operator serving corporate, government, education, LNG and tourism customers across multiple states. The deal gives Kelsian an established multi-state US platform and a pipeline of contract and charter opportunities in the American market.

Pilot Freight Services Acquires American Linehaul Corporation

July 30, 2021

Logistics & Distribution

Pilot Freight Services entered an asset purchase agreement with American Linehaul Corporation on July 30, 2021 to expand its middle‑mile expedited LTL capabilities. The deal—supported by Pilot’s backers ATL Partners and British Columbia Investment Management Corporation (BCI)—will keep ALC operating as a separate, neutral linehaul provider with founders Enzo and Beth Vartuli and their team remaining in leadership roles.

Alcoa Acquires Alumina Limited in $2.2B All-Stock Deal

March 12, 2024

Manufacturing

Alcoa announced it will acquire Australia-based Alumina Limited in an all‑stock transaction valued at $2.2 billion, giving Alcoa full control of the AWAC joint venture. Under the scheme, Alumina shareholders will own roughly 31.6% of the combined company (Alcoa shareholders ~68.4%), a transaction Alcoa says strengthens its exposure to tier‑1 bauxite and alumina assets and increases vertical integration across the aluminum value chain.

American Airlines Makes Strategic Equity Investment in Universal Hydrogen

October 10, 2022

Renewable Energy

American Airlines announced a strategic equity investment in Universal Hydrogen, a Los Angeles–based company building a green hydrogen distribution and logistics network for aviation. The investment supports American's greenhouse gas reduction targets and backs Universal Hydrogen's modular hydrogen capsule logistics approach, which aims to begin deliveries for regional aircraft in 2025. American joins existing strategic investors including Airbus Ventures, GE Aviation and Toyota Ventures.

Hahn & Co. and Hana Financial Group Buy H-Line Shipping for 1.8 Trillion Won

May 24, 2020

Transportation

South Korea’s private equity firm Hahn & Co. and Hana Financial Group have agreed to buy a 100% stake in H-Line Shipping for 1.8 trillion won (~$1.45bn). The deal is structured as a leveraged buyout via a project fund (about 45% financed with debt) and is intended to move the shipping company’s ownership to long-term investors while supporting consolidation and growth in Hahn & Co.’s shipping platform.