Argenbright Holdings I, LLC agreed to acquire 51% stake in DAL Global Services, LLC from Delta Air Lines, Inc. (NYSE:DAL) for $40 million on November 27, 2018. Argenbright Holdings paid the consideration in cash. Delta Global Services will be combined with Argenbright Holdings I, LLC to form a premier aviation and ground handling service provider under the DGS name. Tom Marano of Argenbright Holdings will become Chief Executive Officer of the new company, along with Karan Ishwar as Chief Financial Officer, Adam Taylor as President of Aviation and Don Ridgway as Chief Customer Officer. The transaction is expected to be completed by the end of 2018. Argenbright Holdings I, LLC completed the acquisition of 51% stake in DAL Global Services, LLC from Delta Air Lines, Inc. (NYSE:DAL) on December 21, 2018.