Menzies Aviation Acquires G2 for $305 Million
Menzies Aviation, an Agility Global company, and the leading service partner to the world’s airports and airlines, has signed an agreement to acquire the US-based G2, an aviation service partner of choice for major airlines across the US, for $305 million.
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.
The transaction to purchase G2 is subject to regulatory approvals and is expected to complete in June 2025.
This deal also strengthens Menzies’ position as the largest aviation services business globally, by countries, airports and aircraft turns, Agility Global said in a disclosure with Abu Dhabi Securities Exchange (ADX) on Monday.
John Redmond, Executive Vice President Americas, Menzies Aviation said that this acquisition is a key milestone in their longer-term value creation strategy. Menzies Aviation was already the global industry leader in terms of countries, airports and aircraft turns and this transaction will expand its footprint to 340 airports worldwide.
“This deal enhances our presence in the US – the largest and most dynamic aviation market worldwide, and we look forward to working with the G2 team to realise the potential for growth. We are confident in the resilience and strength of the U.S. economy and aviation market, where we have been a key player for 25 years,” he said.
Menzies first entered the US 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 US, 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.
Expanding Customer Services
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 US.
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.
Menzies Aviation is the leading service partner to the world’s airports and airlines, with operations on six continents, at more than 300 airports in 65-plus countries, serving more than 4.8 million flights a year and handling over 2.4 million tonnes of cargo.
