Lifefit Group

WEB LoneStar Airport Holdings Loses Control of South Terminal at Austin-Bergstrom International

Golden Energy Offshore (GEOS) Acquires New Majority Shareholder, Oaktree Sells Out

On March 13, 2019, Brookfield Asset Management of Canada announced its acquisition of 62% of Oaktree Capital. This transaction marked a significant shift in the ownership structure of WEB LoneStar Airport Holdings LLC, which had previously held a 40-year lease to operate the South Terminal at Austin-Bergstrom International.

Brookfield's acquisition raised questions about the future of WEB LoneStar Airport Holdings' lease. The company had faced financial challenges in recent years, and there was concern that Brookfield might prioritize its own interests at the expense of WEB LoneStar and the South Terminal.

In April 2024, Golden Energy Offshore (GEOS) emerged as the new majority shareholder of WEB LoneStar Airport Holdings. This development signaled a potential shift in the company's fortunes, as GEOS is a major energy company with a strong financial position.

The future of the South Terminal at Austin-Bergstrom International remains uncertain. However, the acquisition by GEOS could provide new opportunities for the terminal and its stakeholders. GEOS has a track record of investing in infrastructure projects, and it is possible that the company may prioritize the South Terminal's growth and development.

Https Fintel Io I Oaktree Capital Management Lp