Menzies Acquires G2 for Strategic Expansion into US Market
Deal News | Apr 15, 2025 | Zawya
Menzies Aviation, a subsidiary of Agility Global, has entered into an agreement to acquire US-based G2 for $305 million. The acquisition is part of a strategic move to bolster Menzies' presence within the American market and enhances its capability globally. Scheduled for completion in June 2025, this transaction will enable Menzies to operate at over 340 airports across 65 countries and aims to increase the company's annual revenue by 20%, surpassing $3.1 billion. G2 currently operates in over 85 U.S. airports, with services spanning passenger assistance, cabin cleaning, and cargo handling, making it an integral service provider for major domestic and international airlines. The acquisition aligns with Menzies' long-term strategy for value creation, although it still awaits regulatory approval.
Sectors
- Aviation Services
- Mergers & Acquisitions
Geography
- United States – G2 operates in the United States and Menzies Aviation is looking to strengthen its presence in this market.
- Global – Menzies Aviation operates in multiple countries worldwide, and the acquisition aims to expand its global footprint.
Industry
- Aviation Services – The acquisition involves companies that provide services such as passenger assistance, cabin cleaning, and cargo handling at airports.
- Mergers & Acquisitions – The article details a transaction involving the acquisition of one company by another, which is a central activity within this industry.
Financials
- $305 million – The acquisition price for G2 by Menzies Aviation.
- $3.1 billion – The expected group revenue for Menzies Aviation after the acquisition.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Menzies Aviation | Bidding Company | Company | A subsidiary of Agility Global, involved in providing airport ground services. |
| G2 | Target Company | Company | A US-based company specializing in passenger assistance, cabin cleaning, and cargo handling at airports. |
| Agility Global | Parent Company | Company | The parent company of Menzies Aviation, involved in logistics and related services. |
| John Redmond | Executive Vice President Americas | Person | Executive Vice President of Americas at Menzies Aviation, quoted in the article. |