Air Transport Services Group to acquire Omni Air International for $845M

|About: Air Transport Services ... (ATSG)|By:, SA News Editor

Air Transport Services Group (NASDAQ:ATSG) to acquire Omni Air International LLC for $845M in cash, funded by expanding the term loan under company's existing credit facility.

The combination with Omni Air is anticipated to add $430M in revenues with strong margins, sustained cash flows.

The acquisition is also expected to be immediately accretive to company’s adjusted EPS in 2019.

The agreement is expected to close during Q4.

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