Transaction Advisory
Kroll’s Transaction Advisory Services Advised Crestone Air Partners, Inc. on Its Plan to Acquire Arena Aviation Capital
In March 2026, Crestone announced its plan to acquire Arena Aviation Capital, a well-established aviation asset manager with a diversified portfolio and deep airline relationships. The acquisition strengthens Crestone’s position as a leading full-service aviation asset management platform and will expand Crestone’s platform to a combined portfolio of approximately 124 aircraft and 17 engines on lease globally, with over USD 4 billion of assets under management.
Kroll provided financial and tax due diligence to Crestone in connection with the transaction.
“The transaction with Arena is a natural strategic fit and reflects our belief that the industry benefits from disciplined consolidation. Kroll provided excellent support across financial and tax due diligence, cutting through complexity to isolate key value drivers and risk exposures. Their hands-on advisory work was instrumental to getting this deal done.”
Kevin Milligan, CEO, Crestone Air Partners
About Crestone Air Partners
Crestone Air Partners, Inc. is a global aviation asset management platform and is a business unit of Air T, Inc. (NASDAQ: AIRT). Crestone invests in commercial jet aircraft on behalf of its capital partners and offers a full-service aviation asset management platform with a diverse portfolio of aircraft and engines leased to airlines globally. Crestone targets transactions throughout the asset lifecycle, taking a collaborative approach through offering flexible lease terms tailored to customer requirements.
About Arena Aviation Capital
Arena Aviation Capital is a full-service aircraft investment management company and manages aircraft and engines leased to airline customers worldwide. Arena focuses on the complete life cycle of acquiring and leasing used commercial aviation assets, servicing investment and airline customers worldwide and providing origination, financing, risk management, and administration (finance/accounting and legal) services of commercial aviation assets.
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