Irving-based aviation services company G2 is being acquired by London, England-based Menzies Aviation in a deal valued at $305 million.
G2 is an aviation service “partner of choice” for major airlines across the U.S., while Menzies, an Agility Global company, is a service partner to the world’s airports and airlines, the companies said.
“We’re proud to be joining Menzies Aviation, the global leader in aviation services, and entering an exciting new era of growth,” G2 CEO Julie Gostic said in a statement. “I look forward to building on our reputation for consistency and high-quality standards while also maintaining a close relationship with our customers, who can expect to see the same level of premium service. G2 customers and our employees will benefit from Menzies’ experience in setting global standards for service, safety, and sustainability. We look forward to entering this exciting new era with Menzies.”
Once the deal is done, Menzies will operate in over 340 airports in 65 countries with a global team of 65,000 people. Menzies said the acquisition is expected to boost its group revenue by 20% to over $3.1 billion, based on FY 2024 revenue figures.
Targeting U.S. growth
The company said that the deal strengthens Menzies’ position as the largest aviation services business globally, by countries, airports, and aircraft turns.
“This acquisition is a key milestone in our longer-term value creation strategy,” John Redmond, EVP Americas of Menzies Aviation, said in a statement. “We’re already the global industry leader in terms of countries, airports, and aircraft turns and this transaction will expand our footprint to 340 airports worldwide. This deal enhances our presence in the United States—the largest and most dynamic aviation market worldwide, and we look forward to working with the G2 team to realize the potential for growth.”
“We’re confident in the resilience and strength of the U.S. economy and aviation market, where we have been a key player for 25 years,” Redmond added.
Menzies first came to the U.S. market in 2000.
Established in 2005, G2 said it has a strong growth history within the U.S., with a focus on providing passenger assistance, cabin cleaning, and ground and air cargo handling at airports across the country, including major airline hubs.
Menzies said that G2’s services complement and expand its current service offering to customers.
The deal will expand on Menzies’ best-in-class service offering for airline customers with nearly 20,000 employees working at more than 100 airports across the U.S.
G2 will rebrand as Menzies, and the business will roll out its industry-leading training and safety-first culture, sustainability practices, and innovative technology across its new airports of operation, the companies said.
The transaction is expected to complete in June.
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