Menzies Aviation takes over G2: Ground handling firm Menzies Aviation — a subsidiary of Kuwait’s Agility — signed an agreement to fully acquire US-based aviation services firm G2 in a USD 305 mn transaction, according to a statement. The transaction is still subject to regulatory approvals — is slated to be completed in June.
What’s in it for Menzies? G2 has a client list of major US airlines, and the company operates in more than 340 airports in 65 countries. The agreement is expected to bolster Menzies Group’s topline by 20% to over USD 3.1 bn compared to FY 2024 revenue figures. The agreement “enhances our presence in the United States – the largest and most dynamic aviation market worldwide,” Menzies VP John Redmond said.
Menzies 💙 USA: The Kuwaiti firm entered into the US market in 200 and provides air cargo, ground, as well as fuel services to several airports. In April 2024, Menzies inked an agreement to manage and operate a fuel farm and hydrant fueling system at Texas’s Houston George Bush InterContinental Airport, solidifying the firm’s position as the largest fuel farm operator in North America with 56 facilities across the US and Canada.
About G2: Established in 2005, the firm offers ground and air cargo handling services, as well as passenger assistance to airports across the US.