Menzies Aviation Doubles U.S. Footprint, Becomes World's Largest Provider
Menzies Aviation, a global leader in aviation services, has made a significant move in the U.S. market. The company, owned by Kuwaiti conglomerate Agility, has doubled its U.S. footprint following a strategic acquisition. This expansion has made Menzies the largest competitor to Swissport in the region.
The acquisition, facilitated by a $305 million investment from a London-based company, involved the takeover of G2. Tenex Capital Management, a mid-tier private equity firm, sold G2 to Menzies in 2024 after initially acquiring it in 2020. This deal has not only expanded Menzies' U.S. presence to 110 airports but also made it the largest provider of aviation services worldwide and in the U.S. stock market today.
Menzies Aviation's executive chairman, Hassan El-Houry, expressed confidence in the U.S. economy and the long-term trajectory of the U.S. aviation industry. This confidence is reflected in the company's expansion, which is expected to boost Menzies Aviation's group annual revenue by 20% to more than $3.1 billion.
The International Brotherhood of Teamsters represents hundreds of Menzies airport workers in the United States, including those at Los Angeles Airport. Meanwhile, in Portugal, Menzies holds a 65% market share in ground and air cargo services, employing about 3,000 workers. The company recently faced a planned strike by ground workers in Portugal, which was later canceled.
With this acquisition, Menzies Aviation has strengthened its position in the U.S. stock market, becoming the largest competitor to Swissport. The company's confidence in the U.S. economy and aviation industry is evident in its expansion, which is expected to significantly boost its annual revenue. Despite facing a planned strike in Portugal, Menzies continues to operate and grow, demonstrating its resilience and commitment to its global operations.
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