FAST Global Solutions

What FAST Global Solutions does

FAST Global Solutions is a private industrial manufacturer founded in 1979 and headquartered in Glenwood, Minnesota. The company designs and produces non-powered ground support equipment (GSE) for aviation operations — baggage dollies, carts, loaders, and passenger stairs — alongside a portfolio of conveyor solutions for material handling. The company positions itself as the world's largest non-powered GSE manufacturer and operates multiple Minnesota production sites (Glenwood, Sauk Rapids, Morris) plus a Big Lake distribution center, with regional sales offices in Sioux Falls, South Dakota, and East Grand Forks, Minnesota. Headcount is reported at 501–1,000 employees.

The company's revenue model is built on direct enterprise sales of capital equipment, augmented by a recurring aftermarket parts business that stocks 5,000+ SKUs and ships approximately 95% of orders within 24 hours. Named customers include UPS, FedEx, Amazon, American Airlines, and United Airlines, with additional served segments in systems integrators, cargo airlines, ground handling services, warehouse & distribution, and international markets. Product sub-brands include Alpha Cart, the patent-pending EasyLift Towbar, the Lynx Powered Unit (a 48V battery-powered platform extending the historically non-powered line), and the Wolverine Conveyor family (telescopic, powered, gravity, and transport).

The go-to-market relies on a direct enterprise sales team supported by an international sales function. Recent product cadence — three concurrent launches across towbars, powered units, and conveyors — points to a deliberate broadening of the addressable market beyond the core non-powered GSE franchise. Leadership is led by President & CEO Steven Hagstrom, with commercial functions consolidated under VP of Customer Solutions Jared Spindler. The company does not disclose revenue.

Name

FAST Global Solutions

Legal name

Fast Global Solutions, Inc.

Website

https://fastsolutions.com

Company type

Private

Founded year

1979

Operating status

Operating

Headcount range

501–1,000 employees

Short description

FAST Global Solutions, founded in 1979 and based in Glenwood, Minnesota, is the world's largest non-powered ground support equipment manufacturer for aviation and a producer of conveyor solutions serving parcel carriers, airlines, and logistics operators.

Ownership category

akta.pro rank

Product category

Ground Support Equipment

NAICS

Industrial Truck, Tractor, Trailer, and Stacker Machinery Manufacturing (333924), Conveyor and Conveying Equipment Manufacturing (333922)

SIC

Industrial Trucks, Tractors, Trailors & Stackers (3537), Construction, Mining & Materials Handling Machinery & Equip (3530)

akta.pro primary industry

Airport Ground Support Equipment (GSE) Vehicle Manufacturing (IMACAFAK)

Keywords

• Ground support equipment
• Conveyor systems
• Airport ramp equipment
• Material handling equipment
• Aviation logistics

Headquarters

HQ city

Glenwood

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Ground Support Equipment (GSE) Products: Sale of non-powered ground support equipment including dollies, carts, loaders, stairs, and specialized equipment for airports and aviation ground operations. As the world's largest non-powered GSE manufacturer.
2. Conveyor Solutions: Sale of material handling conveyor systems including telescopic conveyors, powered conveyors, gravity conveyors, and transport conveyors for parcel, logistics, and warehouse operations.
3. Aftermarket Parts & Service: Critical OEM parts (5,000+ stocked), 24/7 technical service, and preventive maintenance solutions. 95% of orders ship within 24 hours. Professional training services for equipment operation and maintenance.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

FAST Global Solutions manufactures non-powered ground support equipment (GSE) — including dollies, carts, racks, loaders, and passenger stairs — for airports and aviation ground operations, and designs conveyor solutions (telescopic, powered, transport, gravity, cargo decks, chutes, and structure) for parcel, logistics, and warehouse material handling. The company also sells aftermarket OEM parts, 24/7 technical service, and equipment training to support the full lifecycle of its installed base.

Differentiator

Problem solved

Functional benefit

Brands

• Alpha Cart™: Rotomolded baggage cart with corrosion-resistant polymer construction for coastal environments
• EasyLift™ Towbar
• Lynx™ Powered Unit
• Wolverine Conveyor

Products and services

• Conveyor Solutions

Quantifiable outcome

• 95% of aftermarket orders ship within 24 hours
• +2 more outcomes

Named customers5 records

Segments7 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Trepel Airport Equipment (Vestergaard): Trepel (now part of Vestergaard) produces airport ground support equipment including cargo loaders, baggage handling systems, and dollies for cargo carriers and integrators. Direct GSE competitor with similar product/customer fit.
• Tronair: Tronair manufactures aircraft ground support equipment including hydraulic towbar mules, jacks, dollies, and towbars, serving the same airline, MRO, and general aviation customer base. Highly comparable product line in towbars, dollies, and ramp equipment.
• Textron Ground Support Systems (TUG): Textron Aviation's Ground Support Systems unit (TUG) produces baggage tractors, tow tractors, belt loaders, and utility vehicles for commercial airlines, cargo operators, and ground handlers. Direct competitor in airport ground support equipment with similar channel and product overlap.
• JBT AeroTech: JBT Corporation's AeroTech segment is a leading global supplier of GSE including passenger boarding bridges, cargo loaders, deicers, and towbarless tractors serving airlines, airports, and ground handlers. Competitor in the same GSE category with overlapping customers and broader portfolio.
• Goldhofer Airport Technology: Goldhofer manufactures heavy-duty GSE and air cargo equipment including aircraft tow tractors, cargo loaders, and high-loaders for cargo airlines, ground handlers, and military applications. Directly comparable GSE/air cargo equipment manufacturer.
• TLD Group: TLD is one of the world's largest manufacturers of GSE and air cargo handling equipment, offering baggage/cargo tractors, belt loaders, ground power units, and towbarless tractors across the same airline, ground handler, and integrator customer base. Directly comparable product category, customer base, and business model to FAST Global Solutions.
• Mallaghan: Ireland-based Mallaghan manufactures a wide range of GSE including passenger stairs, belt loaders, catering trucks, and air cargo loaders for airline and ground handling customers worldwide. Directly comparable GSE manufacturer competing for the same airport and ground handler RFPs.
• Vestergaard Company: Vestergaard designs and manufactures GSE including belt loaders, snow clearing equipment, and deicers used by airlines, ground handlers, and airports globally. Comparable product portfolio and target customer base in airport ramp equipment.

Broad incumbents

• ADB SAFEGATE: ADB SAFEGATE is a broad airport solutions provider offering visual guidance, airfield lighting, gate/ramp solutions, and select GSE including passenger boarding bridges and docking systems. Larger incumbent with overlapping airport/ramp customer relationships.
• Beumer Group (Airport Logistics): Beumer Group's airport logistics business provides baggage handling systems, sortation, and conveyor solutions to airports and integrators worldwide. Comparable on the conveyor side of FAST's product mix and serves similar integrators and parcel carriers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/waspequip
• YouTubeyoutube.com/channel/UCD3GANwNRYl6-MhGSARfCVg
• Facebookfacebook.com/waspequipment
• LinkedInlinkedin.com/company/wasp-inc-

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about FAST Global Solutions