Supporting the CCR Group -AviaSolutions advises CCR Group on the successful acquisition of 70% of TAS, a US Ground Handler
AviaSolutions supported CCR Group, in the acquisition of a 70% interest in Total Airport Services (TAS), the U.S. based ground handling company. The purchase agreement was officially announced in late 2015.
The CCR Group is one of Latin America’s largest infrastructure concession groups and manages the Tancredo Neves International Airport, in Confins (MG) through BH Airport and has equity interests in the companies that manage the airports of Quito (Ecuador), San Jose (Costa Rica) and Curaçao.
Headquartered in Phoenix, Arizona, TAS has bases at 7 airports across the US, including the 3 busiest in terms of passenger traffic – Atlanta Hartsfield, Los Angeles International and Chicago O’Hare. The company is focused on aircraft ground handling, cargo warehousing, terminal operations, aircraft marshalling and passenger services.
As part of the transaction due diligence process, AviaSolutions visited a number of TAS’ sites, hosted interview sessions with management and customers and developed a detailed business plan that forecast the potential growth and profitability of the business post-acquisition, including multiple scenarios.
The success of this transaction highlights both the depth and the truly global nature of AviaSolutions expertise. In 2015 AviaSolutions completed successful projects across four continents.