ACL and AGSM sold to TCR UK

KBS Corporate is pleased to announce its role in advising the shareholders of ACL and AGSM on their successful sale to TCR UK Limited, the UK subsidiary of TCR – a globally recognised leader in the supply of ground support equipment to airlines worldwide.

This strategic acquisition provides TCR with a compelling platform to strengthen and expand its operations across key UK airports.

With ACL and AGSM’s established offices and workshops strategically positioned on the perimeter of London Heathrow, alongside their service coverage at several other major airports, the transaction delivers an outstanding opportunity for market consolidation and accelerated growth in this competitive sector.

Richard Holmes, shareholder and Managing Director of ACL/AGSM, said on behalf of the shareholders: “This partnership with TCR opens significant new horizons for our business, enabling us to broaden our service portfolio and collaborate with leading airline operators.

“Backed by TCR’s robust financial resources and operational expertise, we are confident that ACL and AGSM will achieve substantial expansion in the years ahead.

“We extend our sincere thanks to the KBS Corporate team for their expert guidance and steadfast support throughout this extensive process.”

John Hunt, Corporate Finance Director at KBS Corporate Finance, added: “Every transaction presents its own complexities, but the dedication and professionalism demonstrated by the shareholders and the wider management team have been exemplary.

“Their commitment has been instrumental to the success of this deal and bodes well for the future prosperity of ACL and AGSM. Congratulations to all involved.”

Written by

Jon Wilde

Senior Content Specialist

Jon Wilde is a Senior Content Specialist at KBS Corporate, specialising in business sales, mergers and acquisitions, exit planning and corporate finance. Since joining the group in 2023, he has researched and written extensively on topics including private equity, Employee Ownership Trusts, due diligence, business valuation, tax considerations and M&A market trends. Drawing on insights from experienced advisers, dealmakers and industry specialists, Jon produces research-led content for business owners and also reviews content across the website to help maintain editorial quality, accuracy and consistency.