GuestLogix emerges from creditor protection with new owners

GuestLogix Inc has emerged from creditor protection under the ownership of a group of private equity firms and other investors. The latter, which include Stornoway Portfolio Management, Bridgecorp Canada, Logan Peak Capital and Klass Capital Corp, agreed to acquire the company for an undisclosed amount in July. GuestLogix, a Toronto-based provider of onboard retail and payment technology to the airline and passenger travel industry, also announced a change in management. Mike Abramsky, a Canadian technology executive, was hired as its CEO. GuestLogix said the new owners and management will support its growth plans and platform development.

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