Subscriber Content Preview | Request a free trialSearch  
  Go

The Deal Magazine

   Request magazine  |  Subscribe to newsletter
Print  |  Share  |  Discuss  |  Reprint

Brynwood-backed G&T Conveyor divests Elite Line Services

by Taina Rosa  |  Published November 2, 2012 at 2:26 PM
Daifuku Webb Holding Co. acquired airport equipment maintenance company Elite Line Services LLC from G&T Conveyor Co., the buyer said Friday, Nov. 2. Terms of the deal were not announced. Daifuku said it will finance the acquisition with equity. Carrollton, Texas-based ELS provides maintenance services for airport facility equipment, airport fleets vehicles and airline ground support equipment. The company has operations at more than 40 airports and employs more 900 people. ELS will become a subsidiary of Osaka-based Daifuku, a manufacturer and supplier of automated material handling systems and software. Brynwood Partners has held a majority stake in G&T, based in Tavares, Fla., since 2004. The C.W. Downer & Co. team that provided financial advice to G&T with this divestiture included managing directors Michael Howell and Frank Merkel, director Christopher Donegan, vice president Michaela Wieser and analyst Chris DiPietro. -
Share:
blog comments powered by Disqus

Meet the journalists



Movers & Shakers

Launch Movers and shakers slideshow

Ed O'Keefe, deputy general counsel and global legal operations executive of Bank of America Corp., will join Moore & Van Allen PLLC's litigation practice. For other updates launch today's Movers & shakers slideshow.

Video

Panera kicks turnaround bid into high gear after activist interest

The next few months will be crucial for Panera Bread, a consumer retailer that provides sandwich, salad and bakery goods, which is in the midst of a turnaround effort that has attracted the interest of an activist investor. More video

Sectors