Five Star Airport Alliance Inc. announced successful management buyout
11 July 2016
Five Star Airport Alliance Inc. (FSAA), a provider of baggage handling systems (BHS) to airports and airlines across North America, recently announced the successful management buyout from a Connecticut-based private equity firm that has owned the company since 2001. The new independent company will retain the name Five Star Airport Alliance and continue to manufacture Horsley Company, G&T Conveyor, BAE, and Star Systems BHS products and Systems from its headquarters in Salt Lake City, UT. According to CEO, Paul Shaffer, the buyout will give FSAA the ability to continue serving its clients with high quality and best value baggage handling systems for smaller to intermediate sized projects. FSAA has won more than 300 projects totalling in excess of USD 600 million of BHS-related work over the past 15 years.