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Announced

Completed

Alliance Ground International completed the acquisition of Total Airport Services from Grupo CCR.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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passenger handling

Transportation Services

Domestic

Majority

Completed

cargo handling

Private

United States

passenger airline

air cargo

Acquisition

Single Bidder

Friendly

Synopsis

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Alliance Ground International (AGI), an airline cargo handling services company, completed the acquisition of Total Airport Services (TAS), a passenger and cargo handling company, from Grupo CCR, a Brazilian industrial company. Financial terms were not disclosed. “TAS boosts AGI’s operations in the passenger handling market, which is key to our current strategy and complements our cargo handling capabilities at key US hubs,” Jared Azcuy, AGI CEO.

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