Atlantic Street Capital, a private equity firm, has sold GAT Airline Ground Support to PrimeFlight Aviation Services.
Peter Shabecoff, managing partner of Atlantic Street Capital, said: “GAT's proven, best-in-class ground handling services and highly differentiated, flexible catering service offering has driven unparalleled organic growth — well-positioned for continued expansion in both existing and new airports.”
Acquired by the firm in 2017, GAT provides ground handling, cargo handling, and catering services to airline customers across the United States and Canada.
“By focusing on our disciplined and operationally focused investment strategy, our investment team worked closely with Mike and GAT's management team to position the company for long-term growth and we are very pleased with this investment,” said Shabecoff.
Mike Hough, CEO of GAT, said: “As we join PrimeFlight, we're incredibly excited to become part of one of the world's largest aviation and ground handling organizations—one that shares our commitment to people, safety, and operational excellence. Together, we're positioned to build an even stronger future for our employees, our customers, and the industry as a whole.”
Piper Sandler & Co. served as exclusive financial advisor to GAT. Kirkland & Ellis served as legal counsel.