Lone Star Funds Acquires Alliance Ground International

DC Capital Partners Acquires Aeronautical & General Instruments Limited from Trident Maritime Systems

October 10, 2025

Aerospace & Defense

DC Capital Partners has acquired Aeronautical & General Instruments Limited (AGI), a UK-based provider of integrated maritime technologies and systems, from Trident Maritime Systems (a portfolio company of investment affiliates of J.F. Lehman & Company). The transaction will spin AGI out to operate independently under DC Capital, which plans strategic investments in technology, engineering talent and infrastructure to expand AGI’s capabilities and global reach in support of naval and maritime customers.

Blackstone Infrastructure Acquires 22% Minority Stake in AGS Airports

March 28, 2025

Transportation

Blackstone's infrastructure strategy for individual investors agreed to acquire a 22% minority stake in AGS Airports from AviAlliance for £235 million to support continued growth of UK travel and tourism. AviAlliance remains the majority shareholder with a 78% stake; the investment is intended to fund capital improvements and traffic growth across AGS's three UK airports (Glasgow, Aberdeen and Southampton).

AviAlliance Acquires AGS Airports from Macquarie and Ferrovial

November 13, 2024

Transportation

AviAlliance has agreed to acquire AGS Airports from Macquarie Asset Management (via Macquarie European Infrastructure Fund 4) and Ferrovial for an enterprise value of approximately £1.53 billion. The transaction transfers ownership of the airports serving Aberdeen, Glasgow and Southampton, and is expected to reach financial close by Q1 2025 subject to customary conditions and regulatory approvals.

Alliance Ground International Acquires Airport Terminal Services

September 12, 2022

Logistics & Distribution

Alliance Ground International (AGI) has acquired Airport Terminal Services (ATS), adding 49 locations across the United States and Canada and marking AGI's first entry into passenger/terminal operations. ATS, founded in 1975 and based in St. Louis, Missouri, has more than 5,500 employees and provides full-range ground handling, cargo handling, refuelling, de-icing and lounge/concierge services.

Alliance Ground International Acquires Total Airport Services

May 10, 2022

Transportation

Alliance Ground International (AGI), a Miami-based ground handling operator backed by Audax Private Equity and Greenbriar Equity Group, has agreed to acquire Total Airport Services (TAS), a Spring, Texas-based passenger and cargo handling specialist. The add-on deal (from seller Grupo CCR) expands AGI's passenger-handling footprint across eight U.S. airports and complements its existing cargo capabilities; the transaction is subject to customary regulatory approvals.

Alliance Ground International Acquires Maestro International Cargo

October 21, 2021

Logistics & Distribution

Alliance Ground International (AGI) has acquired MIC Cargo (Maestro), a Chicago-based air cargo and ground handling operator at Chicago O'Hare (ORD). The deal expands AGI's warehouse footprint and aircraft parking capacity at ORD — including Maestro's WHO‑GDP certified cold‑chain pharmaceutical capabilities — as AGI grows its North American air cargo and below‑the‑wing services.