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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. -
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