M&A Deal Summary

Menzies Aviation Acquires G2 Secure Staff

On April 14, 2025, Menzies Aviation acquired aerospace company G2 Secure Staff from Tenex Capital Management for 305M USD

Acquisition Highlights
  • This is Menzies Aviation’s 2nd transaction in the Aerospace sector.
  • This is Menzies Aviation’s largest (disclosed) transaction.
  • This is Menzies Aviation’s 5th transaction in the United States.
  • This is Menzies Aviation’s 1st transaction in Texas.

M&A Deal Summary

Date 2025-04-14
Target G2 Secure Staff
Sector Aerospace
Buyer(s) Menzies Aviation
Sellers(s) Tenex Capital Management
Deal Type Add-on Acquisition
Deal Value 305M USD

Target

G2 Secure Staff

Irving, Texas, United States
G2 Secure Staff provides professional aviation service solutions, including ground handling, cabin cleaning, passenger assistance, cargo, maintenance, and security solutions for airline customers. The Company utilizes technology such as tablet devices to enable workforce productivity and ensure a timely and smooth experience for their portfolio of airline customers. G2 Secure Staff was founded in 2005 and is based in Irving, Texas.

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Buyer(S) 1

Buyer

Menzies Aviation

Edinburgh Park, United Kingdom

Category Company
Sector Aerospace
Revenue 1.4B USD (2021)
DESCRIPTION

Menzies Aviation is an aviation services business providing ground handling, cargo handling, cargo forwarding and into-plane (ITP) fuelling. Menzies Aviation is based in Edinburgh Park, United Kingdom.


DEAL STATS #
Overall 22 of 22
Sector: Aerospace M&A 2 of 2
Type: Add-on Acquisition M&A Deals 17 of 17
State: Texas M&A 1 of 1
Country: United States M&A 5 of 5
Year: 2025 M&A 1 of 1
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-19 Interexpresso

Alajuela, Costa Rica

Interexpresso is an aviation service provider operating in Central America and headquartered in Costa Rica. Interexpresso’s core business relates to cargo handling and aviation security services, primarily consisting of cargo document handling, cargo security screening and aircraft access control. Interexpresso’s operations are based in San Jose, Costa Rica, with additional operations in Guatemala and El Salvador.

Buy -

Seller(S) 1

SELLER

Tenex Capital Management

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Tenex Capital Management is a private investment group focused on acquiring control positions in profitable North American companies with $3 to $40 million of EBITDA. The Firm does not have any sector preferences and looks to commit up to $125 million per transaction. Tenex Capital Management was formed in 1999 and is based in New York City.


DEAL STATS #
Overall 26 of 26
Sector: Aerospace M&A 1 of 1
Type: Add-on Acquisition M&A Deals 7 of 7
State: Texas M&A 4 of 4
Country: United States M&A 26 of 26
Year: 2025 M&A 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-24 Big Bolt

Bloomingdale, Illinois, United States

Big Bolt is a manufacturer of an non-standard fasteners in lengths of up to or greater than 30-inches with a 0.25-inch to 3.5-inch diameter with high-quality assurance. Big Bolt maintains a large stock of material and finished products in order to fulfill emergency orders in market-leading turnaround times. Big Bolt was founded in 1977 and is based in Bloomingdale, Illinois.

Sell -