Integris Partners recently advised Integrated Airline Services, Inc. (IASAir), one of the country’s leading and longest-established airline ground handling companies, in its sale to Cargo Airport Services, LLC (CAS), a portfolio company of ICV Partners. Founded in 1984 and based in Dallas, TX, IASAir provides a wide range of handling services to air carriers including scheduled freight and passenger airlines, express parcel companies, and the United States Postal Service, among others. IASAir operates out of 41 locations across the US with approximately 1,600 employees. The combined business ranks as the largest North America–based airline handler, and is present at all US gateway international airports.

Harry B. Combs, Jr., founder of IASAir, said, “Our industry is consolidating and customer demands on service providers like IASAir continue to grow. My management team under the leadership of President Tom Wheeling and CFO Mike LaBarbera is an excellent one with a tremendous track record of winning new business and keeping long-standing customers happy. Still, it was inevitable that the time would come to take the next step and become part of a group with greater capital resources. Integris Partners, with their knowledge of the transportation industry, was able to present our unique capabilities and market position to the universe of potential buyers, and the match with CAS is an excellent one. I am very pleased with the end result.”

Lloyd Metz, Managing Director at ICV, said “When we backed Mike Duffy and his team at CAS, there was a clear plan for growth. IAS was always at the top of the list of companies strategically compatible with CAS. IAS has a successful history with the USPS, DHL, FedEx and UPS as well as with international and domestic cargo carriers. Integris was a consistent advocate for this transformative combination. They were instrumental in guiding both buyer and seller through this complex deal.”

The transaction was financed by a syndicate of lenders arranged by M&T Bank. Financial details were not disclosed.

For additional information on the transaction, please contact Robert Heilbronner, Ethan Furtek, or Jared Syke.