Alliance Ground International Announces Sale to Lone Star

In The News
January 23, 2026

Ropes & Gray represented Audax Private Equity and Greenbriar Equity Group on their entry into the definitive agreement to sell Alliance Ground International (“AGI”), a leading North American airport services provider, to Lone Star. Terms of the transaction were not disclosed. The deal was announced in an Jan. 22 press release.

Audax Private Equity is a capital partner for middle and lower middle market companies. With approximately $19 billion of assets under management as of March 2025, over 290 employees, and 100-plus investment professionals, Audax has invested in 175 platforms and more than 1,400 add-on acquisitions since its founding in 1999.

Greenbriar is a middle market private equity firm with 20+ years of experience investing in market-leading services and manufacturing businesses.

The Ropes & Gray team included private equity partner Ken Chow, tax partner Pamela Glazier, litigation & enforcement partners John Bueker, Thomas Brown and Brendan C. Hanifin, IP transactions partner Emily Karlberg, executive compensation & employee benefits partners Jenny Rikoski Whitney and Megan Bisk, and private equity associates Christopher Hewitt and Elizabeth Johnson.