Dallas-based 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.
Terms of the transaction were not disclosed.
Founded in 1987, Miami-based Alliance Ground International (AGI) operates in over 60 airports in North America with a workforce of more than 12,000. The company provides “mission-critical, outsourced services” that aim to 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, Lone Star said.
Lone Star said it will work with AGI to help further its growth and target areas for investment to scale its operations across several of its segments. It will also work to expand AGI’s offering in new and existing markets.
Lone Star CEO Donald Quintin said AGI “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,” Quintin added in a statement.
“This partnership with Lone Star marks an important milestone in AGI’s continued growth,” said AGI CEO Jared Azcuy. “Our strong focus on safety, reliability, and service excellence has driven AGI’s rapid expansion across the aviation industry. Working alongside Lone Star, we’re excited to pursue global growth, lead in technological innovation, and continue raising the standard of service for our airline customers.”
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.
Don’t miss what’s next. Subscribe to Dallas Innovates.
Track Dallas-Fort Worth’s business and innovation landscape with our curated news in your inbox Tuesday-Thursday.
R E A D N E X T
-
Tom Jung's original 1977 half-sheet artwork for the original "Star Wars" movie sold for $3.875 million at Heritage Auctions in Dallas last week, making it the most valuable piece of "Star Wars" memorabilia and piece of movie poster art ever sold at auction.
-
The SPX FLOW exit follows an active 2025 for Lone Star, including the multibillion-dollar sale of its Novo Banco stake to BPCE and a series of major industrial and real estate moves.
-
Bowles will advise the Lab’s leadership team and students on fund strategy, investment process, and entrepreneurial execution, and will bring "a practical investor’s perspective" to the lab’s mission of supporting ventures that create measurable social impact.
-
With more than 2,000 sunflower lanyards—worn by travelers who may need extra time, space, or support—already issued, and sensory rooms in development, DFW Airport is creating a travel experience that recognizes different needs and reduces stress for all kinds of travelers.
-
Frank Rash brings 35 years of experience to the Dallas-based cinema trade organization, including serving as a member of the senior leadership team at AMC Entertainment.
