Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (BMV:GAP B) completed the acquisition of 75% stake in Cross Border Xpress LLC for approximately $2 billion.
Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (BMV:GAP B) agreed to acquire 75% stake in Cross Border Xpress LLC for approximately $2 billion on November 14, 2025. GAP issued 90,275,204 Series B shares as consideration. As a result of the Merger, GAP would acquire a 75% ownership interest in CBX, and through the ancillary transaction described below, GAP intends to acquire the remaining 25% ownership interest in the CBX project through a cash payment of approximately $487.5 million dollars.
As of December 31, 2024, Cross Border Xpress LLC reported an EBITDA of $94 million.
The transaction required regulatory approvals, including clearance from the Committee on Foreign Investment in the United States (CFIUS), acquirer shareholder approval and under the U.S. Hart-Scott-Rodino Antitrust Improvements Act. As of December 11, 2025, shareholders of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. approved the transaction.
Jorge Juantorena, Kyle Harris, Chase Kaniecki, Nicolás Marván, and Steven Kaiser of Cleary Gottlieb Steen & Hamilton LLP acted as legal advisor to Grupo Aeroportuario del Pacífico, S.A.B. de C.V.
Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (BMV:GAP B) completed the acquisition of 75% stake in Cross Border Xpress LLC for approximately $2 billion on May 7, 2026. Furthermore, the purchase agreement to acquire the remaining 25% of the CBX business has been completed, thereby consolidating 100% of the same.
Grupo Aeroportuario del Pacifico SAB de CV is a holding company. The Company holds concessions to operate, maintain and develop approximately 10 international airports in the Pacific and Central regions of Mexico, and an international airport in Jamaica. The Company's segments include Guadalajara, Tijuana, Puerto Vallarta, San Jose del Cabo, Montego Bay, Hermosillo, Bajio, Other Airports and Others Companies. The Other Companies segment includes Servicios a la Infraestructura Aeroportuaria del Pacifico, S.A. de C.V. (SIAP), a company that provides technical assistance and professional services; Corporativo de Servicios Aeroportuarios, S.A. de C.V. (CORSA), a company that provides operative services specialized in aeronautical industry; Puerta Cero Parking, S.A. de C.V. (PCP), a company that manages the parking lot operation; Fundacion Grupo Aeroportuario del Pacifico, A.C., and Desarrollo de Concesiones Aeroportuarias, S.L. (DCA), as well as the Company's own operation.
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Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (BMV: GAP B) completed the acquisition of 75% stake in Cross Border Xpress LLC for approximately $2 billion.
