In January, Lone Star Funds announced that an affiliate of Lone Star Fund XII, L.P., had entered into a definitive agreement to acquire Alliance Ground International (“AGI”), a North American airport services provider, from Greenbriar Equity Group and Audax Private Equity.
Financial terms of the transaction were not disclosed.
Founded in 1987 and headquartered in Miami, AGI operates in over 60 airports in North America with a workforce of more than 12,000 professionals.
The company provides mission-critical, outsourced services that enable the efficient movement of cargo and passenger aircraft through major airport hubs.
AGI’s core business is air cargo handling, supported by passenger terminal, ground handling and other related services.
Its integrated service offering, strategic on-airport footprint and long-standing customer relationships position AGI as a trusted partner to cargo carriers and passenger airlines, supporting airport operations and global trade flows.
Donald Quintin, Chief Executive Officer of Lone Star, said: “We are pleased to reach this agreement to acquire AGI, a company that has grown into a true leader.
“Lone Star has a history of partnering with businesses like AGI that support mission-critical services to key industries.
“We will work alongside the company’s management team to drive growth, while also remaining committed to the high-quality operations its customers have come to expect.”
Jared Azcuy, Chief Executive Officer of AGI, said: “This partnership with Lone Star marks an important milestone in AGI’s continued growth.
“Our strong focus on safety, reliability, and service excellence has driven AGI’s rapid expansion across the aviation industry.
“Working alongside Lone Star, we are excited to pursue global growth, lead in technological innovation, and continue raising the standard of service for our airline customers.”
The transaction is subject to customary closing conditions and approvals.