Stellar Partners, Inc. (Stellar) announces today that it has finalized the acquisition of Pacific Gateway Concessions (PGC), continuing the company’s strategic growth as a leading North American airport retailer. Through the 51-store acquisition across 10 airports, Stellar gains an estimated $85.6M in annualized sales going forward, increasing its diverse portfolio to over 100 news/convenience and specialty stores in nearly 20 United States airports.
“As one of the fastest growing and top airport retailers in North America, it is with great excitement that we officially bring PGC’s locations into the Stellar operation and welcome their employees to the Stellar team,” said Stellar President and CEO Padraig Drennan. “By adding PGC’s innovative stores to Stellar’s award-winning retail portfolio, we are able to further enhance the shopping experience for travelers and take the travel retail industry to new heights.”
The growth and success of PGC in travel retail was built upon a spirit of innovation that helped assemble an extensive range of on-trend stores and unique products from local suppliers for travelers. PGC established itself as an award-winning company and has enjoyed many industry accolades including from the Airports Council International-North America (ACI-NA) Airport Concessions Awards, Airport Experience News Awards, and the USA Today 10Best Readers’ Choice Travel Awards.