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Aviation Ground Operations Services sector

Strategic acquirers, private equity (buyout funds and growth funds) firms, and valuation benchmarks for Aviation Ground Operations Services

1.1 - About Aviation Ground Operations Services sector

Companies in the Aviation Ground Operations Services category deliver outsourced ramp, passenger, and cargo handling to keep flights moving efficiently. They manage check-in and boarding, baggage flows, aircraft turnaround, and safety compliance across stations, helping airlines and airports reduce delays and operating costs while standardizing service levels. Strategic buyers in this space typically offer scale, multi-airport coverage, and technology-enabled processes for dependable day-of-operation performance.

Typical capabilities span ramp handling and marshalling, passenger services such as check-in, boarding, and gate operations, and baggage handling with baggage reconciliation systems. Providers manage cargo warehousing and build-up, load control and weight-and-balance, aircraft cleaning and cabin presentation, and seasonal de-icing. Many coordinate fueling and catering logistics, deploy departure control systems, resource rostering and turnaround management tools, and maintain ground support equipment to meet IATA and ISAGO standards.

They primarily serve commercial airlines—including full-service and low-cost carriers—cargo airlines, and airport operators. Outcomes include faster turnarounds and improved on-time performance, consistent safety and regulatory compliance, lower ground operations cost per flight, and scalable support during peak schedules or new station launches. These companies enable reliable daily operations while enhancing passenger experience through efficient check-in, baggage delivery, and gate management.

2. Buyers in the Aviation Ground Operations Services sector

2.1 Top strategic acquirers of Aviation Ground Operations Services companies

Unitedgroundexpress Logo

Unitedgroundexpress

HQ: United States Website
  • Description: Provider of airport ground handling and operations services across the United States, delivering customer service, ramp handling, passenger and lobby assistance, cabin cleaning, fueling, cargo handling, security searches, de-icing and other support functions for multiple airline partners.
  • Key Products:
  • Customer
  • Lobby and Passenger Assistance: Teams provide lobby assistance, passenger guidance and comprehensive customer service at airport terminals, improving traveler experience through on-site support and information delivery
  • Ramp Service & Ground Handling: Personnel carry out ramp service and ground handling tasks around aircraft, enabling safe, efficient aircraft parking, loading and on-time departures
  • Cabin Appearance & Security Search: Crews perform cabin cleaning and aircraft security searches between flights to maintain cleanliness standards and regulatory compliance for airline partners
  • Into-Plane Fueling
  • Cargo Handling & Deicing: Specialists execute into-plane fueling, cargo handling and de-icing operations, ensuring aircraft are properly fueled, cargo is managed, and winter conditions are safely mitigated.
  • Company type: Private company
  • Employees: ●●●●●
  • Total funding raised: $●●●m
  • Backers: ●●●●●●●●●●
  • Acquisitions: ●●
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2.2 - Strategic buyer groups for Aviation Ground Operations Services sector

M&A buyer group 1: Airport Operators

22 companies View group →
Description: Companies in this category operate and manage commercial airports, combining airside control, terminal services, and non‑aeronautical programs to keep passengers and airlines moving safely and efficiently. Through Enterprise Airport Operations Services, they deliver reliable capacity, compliance, and strong traveler experiences while optimizing assets across runways, aprons, terminals, parking, and retail. For M&A analysts seeking strategic buyers in airport operations, these firms offer diversified, regulated infrastructure cash flows.
Delta

Delta

HQ: United States
  • Type: N/A
  • Employees: ●●●●●
  • Description: Provider of air transportation and related travel services, Delta Air Lines offers integrated travel products such as vacation packages, hotel and short-term rentals, car rentals and cruise bookings that enable SkyMiles members to earn or redeem miles and work toward Medallion Status on select purchases.
  • Key Products:
  • Delta Vacations: Bundles flights with curated hotels, rides and activities in one booking platform, letting customers earn miles and Medallion® Qualifying Dollars toward status while managing the entire trip in one place
  • Delta Stays: Provides access to millions of global hotel and short-term rental properties, allowing guests to pay with or earn SkyMiles and benefit from member pricing and limited-time MQD offers
  • Delta Cars: Online car-rental engine partnered with brands like Hertz
  • Enterprise and Avis, giving travelers the ability to reserve vehicles, earn two miles per dollar spent and occasionally redeem SkyMiles for payment
  • Delta Cruises: Cruise booking portal powered by World Travel Holdings where customers sail with top cruise lines, earn two miles per dollar spent, access a 110% best price guarantee and book with no deposit due immediately.
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Buyer group 2: ████████ ████████

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Key Products: ████████, ████████, ████████, ████████
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Buyer group 3: ████████ ████████

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Description: ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████
Key Products: ████████, ████████, ████████, ████████
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3. Investors and private equity firms in Aviation Ground Operations Services sector

3.1 - Buyout funds in the Aviation Ground Operations Services sector

Buyout Funds investing in Aviation Ground Operations Services companies

51+ funds
Description: Buyout funds focused on Aviation Ground Operations Services companies globally.

PAI Partners

Website HQ: France
  • Type: Buyout
  • Fund Size: $●●●m
  • Investment Range: $●●-●●●m
  • Focus: Technology companies in Aviation Ground Operations Services
  • Relevant M&A transactions / similar portfolio companies:
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2.2 - Strategic buyer groups for Aviation Ground Operations Services sector

Growth Equity Funds in Aviation Ground Operations Services companies

41+ funds
Description: Growth equity funds focused on Aviation Ground Operations Services companies globally.

Ardian

Website HQ: France
  • Type: Growth
  • Fund Size: $●●●m
  • Investment Range: $●●-●●●m
  • Focus: High-growth companies in Aviation Ground Operations Services
  • Relevant investments / similar portfolio companies:
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4 - Top valuation comps for Aviation Ground Operations Services companies

4.2 - Public trading comparable groups for Aviation Ground Operations Services sector

Valuation benchmark group 1: Contract Logistics and 3PL Companies

5 companies View group →
Description: Companies in this trading comparable group are public third-party logistics providers delivering outsourced contract logistics, warehousing, distribution, and multimodal freight solutions. They operate scalable networks and automation-enabled facilities to manage inventory, fulfillment, and transportation for diverse industries. These companies are comparable for valuation as they monetize volume-based services through long-term contracts, similar asset intensity, cross-border capabilities, and recurring revenues tied to throughput, service levels, and network density.
Kuehne + Nagel logo

Kuehne + Nagel

  • Enterprise value: $●●●m
  • Market Cap: $●●●m
  • EV/Revenue: ●.●x
  • EV/EBITDA: ●●.●x
  • Description: Provider of sea freight, air freight, contract logistics, road and rail logistics, and customs brokerage services, focusing on innovative and sustainable logistics solutions to connect people and goods globally.
  • Key Products:
  • Sea Logistics: Seamless sea freight services
  • Air Logistics: Comprehensive air cargo solutions
  • Road Logistics: Full truck load, less than truck load and Groupage services
  • Warehousing and Distribution: Fulfillment and storage solutions
  • Customs Brokerage: Efficient customs clearance services
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Revenue growth
Median
15.7%
2025E
16.0%
2026E
EBITDA margin
Median
28.2%
2025E
28.6%
2026E
Cash EBITDA margin
Median
27.6%
2025E
28.0%
2026E
EV/Revenue
Median
8.4x
2025E
6.8x
2026E
EV/EBITDA
Median
28.9x
2025E
24.4x
2026E
EV/Cash EBITDA
Median
29.0x
2025E
25.5x
2026E
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4.3 - M&A Transactions in the Aviation Ground Operations Services sector

Selected M&A transactions

Date Target Description Buyer(s) Relevance EV EV/Revenue EV/EBITDA
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Frequently Asked Questions

Buyers & Acquirers in Aviation Ground Operations Services sector

Who are the top strategic acquirers of Aviation Ground Operations Services companies?

Top strategic buyers in this sector include Unitedgroundexpress, a provider of airport ground handling and operations services across the united states, delivering customer service, ramp handling, passenger and lobby assistance, cabin cleaning, fueling, cargo handling, security searches, de-icing and other support functions for multiple airline partners. .

Which buyer groups are most relevant for Aviation Ground Operations Services companies?

Relevant strategic buyer groups similar to the Aviation Ground Operations Services sector include Airport Operators because they share similar customer segments and product capabilities.

Financial Investors in Aviation Ground Operations Services sector

Which are the top PE firms investing in Aviation Ground Operations Services companies?

Potential investors in the broader Aviation Ground Operations Services space include Ardian and PAI Partners.

Who are the top buyout funds acquiring Aviation Ground Operations Services companies?

Active PE funds and buyout funds acquiring companies in the Aviation Ground Operations Services space include PAI Partners.

Who are the top growth equity funds investing in Aviation Ground Operations Services companies?

Growth funds investing in the broader Aviation Ground Operations Services sector include Ardian.

Valuation of Companies in Aviation Ground Operations Services sector

Which are the key public companies that are relevant trading comps for Aviation Ground Operations Services companies?

Key trading comparable groups include Kuehne + Nagel, a provider of sea freight, air freight, contract logistics, road and rail logistics, and customs brokerage services, focusing on innovative and sustainable logistics solutions to connect people and goods globally..

Which are the key trading comparable groups for Aviation Ground Operations Services companies?

Similar trading comparable companies include Contract Logistics and 3PL Companies. Our platform tracks detailed trading comparable groups in the Aviation Ground Operations Services sector with complete valuation multiples, growth metrics, and profitability data. Access the full database to benchmark your company against relevant public comparables.

What are recent M&A transactions in the Aviation Ground Operations Services sector?

Our platform tracks M&A transactions in the Aviation Ground Operations Services sector with complete deal terms, valuation multiples, and strategic rationale. Access the full database to benchmark pricing and identify active acquirers.

What are recent capital raises and funding rounds in Aviation Ground Operations Services?

Access recent funding rounds in the Aviation Ground Operations Services sector including growth equity, venture capital, and buyout investments. Our database includes round size, lead investors, valuations, and use of proceeds.

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