Menzies Aviation, an Agility Global company, and the leading service partner to the world’s airports and airlines, has announced that it has signed a $305mUSD agreement to acquire U.S-based G2, an aviation service partner of choice for major airlines across the United States.
Once the deal is completed, Menzies will operate in over 340 airports in 65 countries with a global team of 65,000 highly trained people. The deal is expected to boost Menzies’ group revenue by 20% to over $3.1 billion, based on FY 2024 revenue figures.
This deal strengthens Menzies’ position as the largest aviation services business globally, by countries, airports and aircraft turns.
Menzies first entered the U.S. market in 2000 and is currently an industry leader providing safe and high-quality ground, air cargo and fuel services. Established in 2005, G2 has a strong growth history within the U.S., with a focus on providing passenger assistance, cabin cleaning and ground and air cargo handling at airports across the country, including major airline hubs. G2’s services complement and expand Menzies’ current service offering to customers.
This agreement, which involves the acquisition of the entire G2 business, will expand on Menzies’ best-in-class service offering for airline customers with nearly 20,000 employees working across more than 100 airports across the U.S.
In a fragmented aviation services market, airlines and airports will benefit from having an established operator with scale that can leverage its extensive track record to establish a new standard of service focused on operational excellence. G2 will rebrand as Menzies, and the business will roll out its industry-leading training and safety-first culture, sustainability practices and innovative technology across its new airports of operation.
The transaction to purchase G2 is subject to regulatory approvals and is expected to complete in June 2025, said a release.