HMSHost subsidiary Stellar Partners, Inc. has entered into an agreement to acquire Pacific Gateway Concessions (PGC). The acquisition will increase the company’s portfolio to 99 news/convenience and specialty stores in 20 airports throughout the United States, including airports where Stellar did not previously do business and several sites currently under construction.
“As we continue our strategic growth, PGC is a perfect fit for Stellar and our retail portfolio,” said Padraig Drennan, president and CEP of Stellar Partners. “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.”
Pacific Gateway Concessions started out as a small ACDBE operator in San Francisco 20 years ago but graduated from the program and expanded throughout the United States.
“Pacific Gateway’s creative approach to airport retail has contributed to the company’s tremendous growth and success,” says Erik Ward, CEO. “Stellar’s culture of innovation is the perfect fit for Pacific Gateway and, together, we will bring even more exciting experiences for travelers to airports.”
The transaction is expected to close in the second quarter.