ACCESS Newswire·Jun 16, 2026, 5:10 PM ET

Crestone Air Partners, an Air T Business, Completes Acquisition of Arena Aviation Capital, Surpassing $3.6 Billion in Assets Under Management

Air T, Inc. announced that its majority-owned unit Crestone Air Partners completed the acquisition of Arena Aviation Capital on June 16, 2026.
The transaction closed after satisfying all customary conditions & approvals, following an initial disclosure on March 8, 2026.
Crestone's assets under management (AUM) grew from $800 million (as of Dec 31, 2025) to $1.2 billion (as of March 31, 2026), reaching $3.6 billion post-transaction.
Crestone generates revenue through standard aviation management fees including origination, administrative, disposition, & incentive fees, targeting 10%+ returns after fees.
Air T & Aviation Growth Initiatives (AGI) acquired the remaining 10% common interest in CAM from Mill Road Investors (MRC) for $6.2 million at a $62 million pre-money valuation.
Blue Owl Capital invested at an $80 million post-merger valuation for up to 12.5% of Crestone Air Partners based on performance, leaving Air T with approximately 83.9% equity ownership.
CEO Nick Swenson emphasized Air T's permanent capital strategy of buying to build, leveraging the integrated Air T network for aircraft lifecycle services.
Air T plans to address shareholder questions live & in writing via Slido.com during its Annual Meeting & on a quarterly basis.