Lone Star Funds has completed its acquisition of Alliance Ground International, a North America-based airport services provider, marking the close of a transaction first announced in January 2026. The deal was executed through an affiliate of Lone Star Fund XII, reinforcing the firm’s strategy of investing in transportation and infrastructure-adjacent services businesses.
Alliance Ground International, commonly known as AGI, provides cargo handling, ground services, mail handling, security, and hospitality services across more than 60 airports in the United States and Canada. Headquartered in Miami, the company employs over 12,000 professionals and has established itself as one of the fastest-growing aviation services platforms in North America.
The acquisition positions Lone Star to support AGI’s next phase of expansion, with a focus on operational growth, service quality, and continued investment in workforce and capabilities. The firm highlighted AGI’s integrated service model and track record of performance as key drivers behind the investment.
For AGI, the transaction represents a strategic partnership aimed at scaling its operations and strengthening its ability to serve airline customers across a complex and growing aviation ecosystem. The company emphasized that its core priorities around safety, reliability, and service excellence will remain central as it enters this new ownership phase.
Lone Star Funds, a global private equity firm with approximately $96 billion in aggregate capital commitments since inception, continues to target opportunities where operational expertise and long-term capital can unlock value in established platforms.
KEY QUOTES
“We are excited to partner with the AGI management team to drive the business forward. The company has a superior service offering and a track record of success across its integrated operations. We see opportunities to continue to invest in the business and its people to continue to grow its capabilities and ensure it remains best-in-class in delivering for the aviation industry.”
Donald Quintin, Chief Executive Officer of Lone Star Funds
“Today marks an important next step for AGI as we move forward in partnership with Lone Star. Our commitment to safety, reliability, and operational service excellence remains unchanged. This partnership strengthens our ability to deliver for our airline partners and reinforces that the platform we’ve built is not only proven, but positioned to lead the next phase of growth in our industry.”
Jared Azcuy, Chief Executive Officer of Alliance Ground International
