Stellar Partners has announced an agreement to acquire US-based Pacific Gateway Concessions (PGC).

The acquisition will increase its portfolio to 99 news/convenience and speciality stores in 20 airports across the United States and is expected to close in Q2 2019. This includes airports where it did not previously have business and several sites currently under construction.

PGC is a privately held business that helped build a range of on-trend store brands. It has won various industry awards including Best News and Gift Concept for its Los Angeles International Airport News Stand at the 2018 Airports Council International-North America Airport Concessions Awards.

LATEST ACQUISITION

This latest acquisition follows that of Avila Retail Development and Management which has helped increase its footprint in the Western region of the United States.

Stellar President and CEO Padraig Drennan, who recently took over from Founder and former CEO Susan Stackhouse said: “As we continue our strategic growth, PGC is a perfect fit for Stellar and our retail portfolio.

“The brands and their store employees bring extraordinary value and unmatched service to deliver on the travel retail experience. Our business synergies combined with our complementary areas of expertise will empower Stellar’s transformational growth plan.”

Erik Ward, Pacific Gateway Concessions, CEO added: “Pacific Gateway’s creative approach to airport retail has contributed to the company’s tremendous growth and success. Stellar’s culture of innovation is the perfect fit for Pacific Gateway and together we will bring even more exciting experiences for travellers to airports.”