Audax Private Equity and Greenbriar Equity Group Portfolio Company, Alliance Ground International, acquires Total Airport Services
The Company
Headquartered in Spring, TX, Total Airport Services (“TAS”) is a provider of cargo, ramp, and passenger handling services across eight airports in the United States.
The Deal
Alliance Ground International (“AGI”), a portfolio company of Audax Private Equity (“Audax”) and Greenbriar Equity Group (“Greenbriar”), has completed the acquisition of TAS. TAS will help to grow AGI’s national presence in cargo handling and enter into complementary passenger handling services. TAS represents the company’s second acquisition since Audax and Greenbriar’s investment.
The Thesis
In June 2021, Audax and Greenbriar partnered to invest in AGI, a leading national provider of air cargo, mail, security, and freighter aircraft handling services, headquartered in Miami, FL. Audax and Greenbriar will continue to work with the AGI management team to drive further organic growth and help accelerate its acquisition strategy to expand into new airports and service offerings.
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Through our Buy & Build approach, we seek to help our platform companies execute add-on acquisitions that fuel revenue growth, optimize operations, and significantly increase equity value.
Please see our historical portfolio for a full list of platform acquisitions.
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Contact
William Gonzalez
Managing Director
(617) 859-1545

Cory Mims
Managing Director
(617) 859-1522

Michelle Bitman
Vice President
(650) 252-0613