Groupe ADP Acquires PS (The Private Suite) from TPG
August 22, 2024
Groupe ADP has entered into a definitive agreement to acquire PS (formerly The Private Suite) from TPG. PS operates private luxury airport terminals at LAX and ATL, with additional locations under development, and the acquisition is intended to accelerate PS’s expansion and integrate its services into Groupe ADP’s hospitality-focused airport strategy; terms were not disclosed and the deal is subject to regulatory approvals.
- Buyers
- Groupe ADP
- Targets
- PS (formerly The Private Suite)
- Sellers
- TPG
- Industry
- Transportation
- Location
- California, United States
- Transaction Type
- Buyout
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