Leviate Air Group Acquires Majority Interest in Chairman Aviation

Leviate Air Group Acquires Vault Aviation

October 1, 2025

Transportation

Leviate Air Group, a Dallas-based private aviation operator, has acquired the business operations of Vault Aviation, LLC, a Texas-based private aviation services provider serving sports, entertainment and high-net-worth clients. The deal expands Leviate's client base and capabilities in VIP charter, aircraft management and aircraft sales, with integration and continuity plans underway.

Carlyle Aviation Partners Acquires Fly Leasing Limited

August 2, 2021

Transportation

An affiliate of Carlyle Aviation Partners completed the acquisition of Fly Leasing Limited for $17.05 per share, taking the company private. The transaction values Fly Leasing at approximately $520 million (with an enterprise value of roughly $2.36 billion) and adds 84 aircraft (on lease to 37 airlines) to Carlyle Aviation's managed portfolio.

Apollo, J.F. Lehman & Hill City Capital Acquire Atlas Air Worldwide for $5.2 Billion

March 17, 2023

Transportation

An investor group led by funds managed by affiliates of Apollo, together with J.F. Lehman & Company and Hill City Capital, acquired Atlas Air Worldwide for an enterprise value of approximately $5.2 billion, paying $102.50 per share in cash. Atlas Air Worldwide will become privately held and continue operating under its existing leadership to accelerate execution of its strategic plan and capitalize on long-term demand for global air cargo services.

TJC (Resolute VI) Acquires L3Harris' Commercial Aviation Solutions (Acron Aviation)

November 27, 2023

Aerospace & Defense

An affiliate of The Resolute Fund VI (managed by TJC, L.P.) has closed the acquisition of L3Harris Technologies' Commercial Aviation Solutions (CAS) business for $800 million in cash. The CAS business — comprising an Avionics manufacturing unit and a Commercial Training Solutions unit — will operate under the new name Acron Aviation and serves commercial, business/regional and military aviation customers worldwide. The sale represents L3Harris' divestiture of a commercial-focused unit to focus on its core defense operations.

Volato Acquires Gulf Coast Aviation

March 22, 2022

Transportation

Volato, a private aviation operator focused on HondaJet fractional ownership and charter services, has acquired Gulf Coast Aviation (GCA), an aircraft management and charter operator based at Atlantic Aviation at William P. Hobby Airport in Houston, Texas. The founders of GCA, Steve and Debbie Holmes, are retiring and Volato will retain all GCA employees as it expands its operational footprint and charter/fractional capabilities in the Houston market; terms were not disclosed.

FLEETCOR Acquires Levarti

March 3, 2022

Software

FLEETCOR Technologies has acquired Levarti, an airline software platform provider whose MAX suite automates passenger disruption workflows including re-bookings, hotel accommodations, transfers and vouchers. FLEETCOR said the deal will complement its airline lodging business and help accelerate lodging sales to global airline clients.