Lone Star completes acquisition of AGI, targets growth push
AGI operates at more than 60 airports, providing cargo, ground, mail handling, security and hospitality services.
Lone Star Funds has completed the acquisition of Alliance Ground International, marking the close of a transaction first announced in January 2026. The deal was executed through an affiliate of Lone Star Fund, bringing the North American airport services provider into the investment firm’s portfolio.
The acquisition brings together Lone Star’s investment platform and AGI’s airport operations network across the United States and Canada. Founded in 1987 and headquartered in Miami, AGI operates at more than 60 airports and employs over 12,000 personnel, providing cargo, ground, mail handling, security and hospitality services.
“We are excited to partner with the AGI management team to drive the business forward,” said Donald Quintin, Chief Executive Officer of Lone Star. “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.”
AGI said the partnership is expected to support its operational focus and strengthen its ability to serve airline customers across its network. The company has expanded its presence across North America in recent years, building an integrated platform across airport services.
“Today marks an important next step for AGI as we move forward in partnership with Lone Star,” said Jared Azcuy, Chief Executive Officer of 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 also positioned to lead the next phase of growth in our industry.”
Lone Star, which advises funds investing in private equity, credit and real estate, has been active in global markets for over three decades. Since launching its first fund in 1995, the firm has organised 26 private equity funds with aggregate capital commitments of about $96 billion.
The acquisition signals continued investor interest in aviation services, particularly in ground handling and cargo operations, as operators look to scale capabilities and respond to airline requirements across major hubs.
