KAL Capital Advises Airport Terminal Services, A Ground Handling Leader
KAL Capital is excited to announce its role as M&A advisor to Airport Terminal Services (ATS) in its acquisition by Alliance Ground International (AGI), a portfolio company of Greenbriar and Audax.
ATS offers a full-range of ground handling services including passenger, ramp, cargo handling, aircraft refueling and de-icing as well as lounge and concierge services. ATS has more than 5,500 employees and services a blue-chip set of US and Canadian airlines. Founded in 1975 and based in St. Louis, Missouri, ATS operates across the US and Canada.
“We are excited to be a small part of the ATS story. The management team has built a tremendous ground handling operation based on excellent customer services. We enjoy seeing family-owned businesses grow and ultimately find a home with a great strategic buyer like AGI,” said Trevor Bohn, Partner at KAL Capital.
“This transaction represents our third closed deal in the ground handling space and a continuation of our efforts in the aviation services sector. We expect that private equity-backed consolidators will continue to add scale, capabilities and customers in this niche of the A&D market,” commented Ryan Murphy.