Stellar Partners Inc. announced Sept. 4, that it has finalized the acquisition of Avila Retail Development & Management, LLC, increasing its airport retail footprint in the western region of the United States.
Stellar is a leading travel venue retailer with a diverse portfolio that is now made up of more than 60 stores located in 14 airports. Through the acquisition, Stellar gained 25 stores in Albuquerque, Denver, San Francisco, and Phoenix. The combined entity sets the standard in the travel retail industry to accelerate business transformation and boost the development, operation and marketing of specialty, news and convenience stores.
“We are beyond delighted to officially welcome the Avila team to the Stellar family,” said Stellar President and Chief Operating Officer Padraig Drennan. “Avila’s stores and reputation of operational excellence are highly complementary to our portfolio. With this acquisition, we are ideally positioned to expand the Stellar experience with substantial growth and an established investment in the future. We look forward to the new opportunities this union brings to our guests and the travel industry.”
