Lone Star Funds announced that an affiliate of Lone Star Fund XII, L.P. has entered into a definitive agreement to acquire Alliance Ground International, a leading North American airport services provider, from Greenbriar Equity Group and Audax Private Equity. Financial terms were not disclosed.
Alliance Ground International, founded in 1987 and headquartered in Miami, provides outsourced airport services that support the movement of cargo and passenger aircraft through major hubs. The company’s core business is air cargo handling, complemented by passenger terminal services, ground handling and other related offerings. Lone Star described the business as operating across more than 60 airports in North America and employing more than 12,000 professionals.
Lone Star said it plans to partner with AGI’s management team to accelerate growth and identify investment priorities to scale operations across multiple segments, while also expanding the company’s offering in both new and existing markets. The firm added that the partnership will continue to emphasize service quality, safety, and a workplace culture focused on collaboration and respect.
Alliance Ground International described itself as one of the fastest-growing U.S.-owned aviation handling companies in North America, providing cargo, ground, mail handling, security, and hospitality services across the United States and Canada.
Lone Star said it is a global investment firm advising funds across private equity, credit, and real estate, and noted that since launching its first fund in 1995, it has organized 25 private equity funds with aggregate capital commitments totaling approximately $95 billion.
Support: Evercore is serving as financial advisor, and Vinson & Elkins is serving as legal counsel to Lone Star. BofA Securities is serving as financial advisor, and Ropes & Gray is serving as legal counsel to AGI.
KEY QUOTES:
“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.”
Donald Quintin, Chief Executive Officer, Lone Star
“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.”
Jared Azcuy, Chief Executive Officer, AGI
