Alliance Ground International (AGI) has entered into a transaction to acquire passenger and cargo handling company, Total Airport Services (TAS), as it continues to expand its ground handling operations.
The transaction is expected to close subject to receipt of customary regulatory approvals.
In a statement, AGI said TAS specializes in cargo, ramp, and passenger handling services across eight locations in the US including Chicago O'Hare International Airport (ORD), San Francisco International Airport (SFO), George Bush Intercontinental Airport (IAH), and Rickenbacker International Airport (LCK).
"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," said Jared Azcuy, chief executive officer (CEO), AGI. "TAS is an excellent fit, and we’re excited to welcome the TAS team to AGI.
AGI will continue its acquisition strategy as it sets sight on further expansion.
"We will continue to pursue acquisitions that fit in with our strategy of expanding both our product offering and our global reach, with particular focus on Latin America, Europe, and Canada," the AGI chief added.
Headquartered in Spring, Texas, TAS employs a team of 1,600 and regularly handles five million passengers and up to 331,000 tons of cargo per annum.
"It is clear that AGI and TAS complement each other very well," said Silvio Tano, CEO, TAS. "We are very proud of what TAS has achieved to date and look forward to further growth and opportunities as part of the AGI team."
AGI is a provider of air cargo handling services, ground handling services, and cargo security services to the air cargo and passenger airline markets, with operations at 25 airports throughout the United States.