Atlantic Street Capital has made a majority investment in GAT Airline Ground Support, Inc. (GAT), a provider of outsourced airline services at airports across the United States, the firm said.
Founded in 1965, GAT offers a broad portfolio of services at 37 airports throughout the United States, including ramp services, passenger handling, and related ancillary services. The company employs over 2,000 people.
Atlantic Street Capital acquired its majority stake in GAT from the founding family. Boe Strange, CEO of GAT, will continue in that position and remain a significant shareholder in the company.
Atlantic Street Capital is a private equity firm that invests in middle market companies with between USD 4m and USD 15m in EBITDA.