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
Low interest rates and alternative financing sources are just two of the many things affecting private equity deals right now, according to Paul Aversano, managing director at Alvarez & Marsal LLC. In a recent studio interview, Aversano discussed the conditions both buyers and sellers are facing at this time. Aversano, who is also the global practice leader for the firm's transaction advisory group, also outlined how low interest rates will continue to affect the M&A market and the pressure that PE firms are feeling to transact.