AcquisitionsJun 16, 2026, 04:47 PM
Air T Acquires Arena Aviation Partners for $21.75M
AI Summary
Air T, Inc. announced the acquisition of Arena Aviation Partners B.V. for $21.75 million through its subsidiary Crestone Air Partners, LLC (CAP). This strategic move consolidates its aviation asset management platform. The transaction involved a reorganization of Crestone Asset Management (CAM), where Air T and AGI acquired the remaining 10% interest for $6.2 million and subsequently redeemed most of their interests in CAM for servicing agreement rights. CAP was capitalized with $21.7 million in cash from Air T and Blue Owl Capital to fund the Arena acquisition.
Key Highlights
- Air T, Inc. acquired Arena Aviation Partners B.V. for $21.75 million in cash.
- The acquisition was completed through Crestone Air Partners, LLC (CAP), forming a combined aviation asset management platform.
- CAP was capitalized with $21.7 million in cash from Air T and Blue Owl Capital for the Arena acquisition.
- Air T and AGI acquired the remaining 10% interest in Crestone Asset Management (CAM) for $6.2 million.
- CAM's servicing agreement rights were redeemed by Air T and AGI in exchange for approximately 99% of their CAM interests.
Price Impact