Lone Star Funds acquires AGI

Lone Star Funds has finalized the acquisition of Alliance Ground International (AGI), concluding a deal initially revealed in January 2026. Despite financial terms being undisclosed, the transaction underscores Lone Star's focus on transportation and infrastructure-adjacent services. This acquisition involves an affiliate of Lone Star Fund XII and enhances Lone Star's exposure to the airport services sector.

Alliance Ground International, headquartered in Miami, operates across more than 60 airports in the U.S. and Canada. The company offers a range of services including cargo handling, ground services, mail handling, and airport security, employing over 12,000 personnel. Known for its rapid growth in the sector, AGI has become a significant player in North America's aviation services landscape. The acquisition is expected to fuel AGI’s next growth phase by expanding operational capacity and investing in workforce and capabilities.

Lone Star Funds views AGI's integrated service model and performance record as critical motivations for the investment. The private equity firm aims to leverage its capital and operational expertise to enhance AGI's service quality and breadth. According to Donald Quintin, CEO of Lone Star Funds, partnering with AGI's management will focus on growing business capabilities and maintaining its industry standard for service delivery.

As Alliance Ground International aligns with Lone Star, it anticipates leveraging the partnership to scale operations and enhance service offerings. Key to this strategy will be maintaining its focus on safety, reliability, and excellence in service as the company aims to better serve its airline clientele. Jared Azcuy, CEO of AGI, reiterated the commitment to these priorities while underscoring the strengthened capabilities that this partnership brings to AGI’s operations.

The acquisition comes at a time when the airport services sector continues to navigate post-pandemic recovery and faces increasing demand for efficiency and innovation in logistics and passenger services. While the deal’s financial specifics remain undisclosed, its completion positions both entities to capitalize on emerging opportunities within the industry. The focus now will be on integrating operations and exploring new avenues for growth in a competitive and evolving aviation market.