OTG said it is in talks with a private investor consortium led by funds managed by Oaktree Capital Management and Centerbridge Partners to effectuate a deal, under which the group will acquire the company.
- Investor Consortium also includes Sculptor Capital L.P., CPPIB Credit Investments III Inc., and Oak Hill Advisors, OTG said in a statement
- Group will provide the co. with new financing to support continued innovation, ongoing airport infrastructure investment, and geographic expansion
- At closing of the transaction, consortium intends to name Tom Fricke as Board chair and interim CEO; Founder
Rick Blatstein stepped down from role as CEO ...
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