Lone Star Funds has finalised its acquisition of Alliance Ground International (AGI), marking a significant transaction in the airport services and air cargo handling sector as investors continue to target infrastructure supporting global logistics flows.
The deal, first announced in January, sees an affiliate of Lone Star Fund XII, L.P. acquire AGI from prior owners Greenbriar Equity Group and Audax Private Equity. Financial terms of the transaction were not disclosed.
Headquartered in Miami and founded in 1987, AGI has established itself as a major player in North America’s aviation services market. The company operates at more than 60 airports across the region and employs over 12,000 personnel. Its core activities centre on air cargo handling, complemented by passenger services, ground handling, and related airport operations.
The acquisition is expected to provide AGI with additional capital and strategic backing to accelerate its growth trajectory, particularly as demand for air cargo infrastructure continues to evolve in response to shifting trade patterns and e-commerce expansion.
Jared Azcuy, Chief Executive Officer of AGI, said the transaction represents a pivotal moment for the company’s development while maintaining continuity in its operational focus.
“This marks an important next step for AGI. 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,” he said.
Lone Star indicated that it will work closely with AGI’s management team to identify investment opportunities across the company’s business segments, with a focus on scaling operations and enhancing service capabilities in both existing and new markets.
Donald Quintin, Chief Executive Officer of Lone Star Funds, highlighted the long-term growth potential of the platform, particularly within integrated aviation services.
“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 grow its capabilities and ensure it remains best-in-class in delivering for the aviation industry,” he said.
Looking ahead, AGI has signalled ambitions to expand beyond its North American base into international markets, including Europe, Canada, Mexico, and South America. The strategy aligns with broader industry trends, as ground handling providers seek to establish a presence at high-growth cargo hubs and diversify geographically.
The transaction reflects increasing investor interest in aviation services infrastructure, particularly in segments such as cargo handling that play a critical role in enabling global supply chains. With additional financial backing and a clear expansion strategy, AGI is positioning itself to capitalise on rising demand for efficient, scalable airport logistics solutions.
