Alinda Capital Partners, an infrastructure investment firm, has acquired ACL Airshop from Argosy Private Equity, a lower middle market private equity firm. ACL Airshop is an air cargo unit load device services provider to the air cargo industry.
Kirk Griswold, founding partner, Argosy Private Equity, “ACL Airshop’s entrepreneurial and customer driven management team, led by aviation industry icon and four-time repeat Argosy portfolio company CEO, Steve Townes, transformed a great air cargo logistics business into an industry leading, technology-enabled, critical infrastructure company. We look forward to seeing where ACL’s growth trajectory will take it next.”
Steve Townes, CEO at ACL, commented, “Argosy and I have successfully partnered together since late 2001 across four separate growth platforms over the years. Argosy’s VAM tools have always been very helpful in driving growth and value creation. With our latest venture together, ACL Airshop, we achieved excellent growth in operations and profitability, and drove to a successful well-valued exit despite the global pandemic.”