Private equity firm Golden Gate Capital has acquired Tronair Parent from Levine Leichtman Capital Partners.
Tronair will remain headquartered in Holland, Ohio and will continue to be led by its current senior management team, including president and CEO Harley Kaplan.
Terms of the transaction have not been disclosed.
Founded in 1971, Tronair specialises in the design, manufacture, and sale of ground support equipment (GSE) for business, commercial and military aircraft.
Its GSE product lines – comprised of over 1,000 SKUs – are used by over 300 unique aircraft platforms. It serves aircraft OEMs such as Bombardier, Gulfstream, Embraer, Boeing and Airbus; fixed based operators; maintenance and repair providers; corporate hangars; commercial airlines; defence contractors; and military airbases around the world.
“Tronair has successfully differentiated itself through best-in-class engineering capabilities and a collaborative customer approach, resulting in innovative solutions that support safe and efficient aircraft ground operations. We are excited to partner with Tronair management as the company continues to execute on its strategy to build the industry’s leading ground support equipment platform,” says Rajeev Amara, managing director at Golden Gate Capital. “Our investment in Tronair demonstrates our commitment to partnering with high quality aerospace and capital equipment businesses to turbocharge their growth and enhance their strategic relevance.”
Kaplan says: “We look forward to working with Golden Gate Capital to continue our positive momentum in the marketplace – driving growth throughout our product portfolio by continuing to deliver value for our customers. With Golden Gate Capital’s operational expertise and financial support, we will be well-positioned to bolster our market leading position while continuing to deliver the high quality, innovative products and leading customer service for which we are known.”
