The management team involved in the buyout has dedicated their careers in this industry and they are thrilled to return to their roots as an Independent company.
Salt Lake City, UT (PRWEB) June 29, 2016
Five Star Airport Alliance Inc. (FSAA), a leading provider of Baggage Handling Systems (BHS) to Airports and Airlines across North America, announced today 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 Baggage Handling Products and Systems from its headquarters in Salt Lake City, UT.
With over 100 years combined BHS experience, members of the Management team behind this buyout are Shawna Wichtoski, Tim Berndt, Scott Hashimoto, Kelly Cox, Justin Lowder, and Lynn Arnett. According to Paul Shaffer, who will continue to serve as President and CEO, “The management team involved in the buyout has dedicated their careers in this industry and they are thrilled to return to their roots as an Independent company.” He continues, “This will give FSAA the ability to continue serving our clients and employees with high quality, and best value Baggage Handling Systems for smaller to intermediate sized projects.”
100% American owned and operated, FSAA has performed more than 300 projects totaling over $600 million of BHS related work over the past 15 years. The Company is one of only two “Safety Act Certified (by the Department of Homeland Security)” BHS companies and is recognized as receiving the highest safety recognition by the State of Utah Labor Commission through the OSHA SHARP program. This buyout will enable FSAA to retain the best core values and focus its sales efforts toward customers that desire flexibility, quality and value. For a complete listing of all products and services visit their website at http://www.fivestaraa.com.
About Five Star Airport Alliance
Five Star Airport Alliance is the exclusive manufacturer of The Horsley Company and G&T Conveyor Product lines. The Horsley Company was formed in 1928 and has earned a solid reputation throughout the baggage handling industry. G&T Conveyor was incorporated in 1987 and has over 25 years’ experience. In order to gain efficiencies, and to better serve their customers, The Horsley Company and G&T Conveyor merged into a single company on December 31, 2012. This merger combined the strengths, experience, personnel and products of both companies into one organization based in Salt Lake City, Utah, their World Headquarters. On January 1, 2013, after the merger between The Horsley Company and G&T, the Company changed its name to Five Star Airport Alliance.