6 May 2014
Textron Inc. (NYSE: TXT) company E-Z-GO said it has acquired TUG Technologies Corp., a leading manufacturer of ground support equipment in the aviation industry.
TUG Technologies is based in Kennesaw, Georgia, where it manufactures ground support equipment servicing airlines, air-freight companies, ground handlers, government agencies and airports worldwide. In addition to the design and manufacture of its products, TUG provides service for ground support equipment, operating a network of 18 service centers at airports nationwide.
E-Z-GO acquired TUG from Jacobson Partners, a private-equity firm based in New York, which had owned the company since January 2005. Post-acquisition, TUG´s products will continue to be manufactured at its Kennesaw facility by its workforce of more than 200 employees.
Based in Augusta, Georgia, E-Z-GO has been a business unit of Textron since 1960, and is a leading designer and manufacturer of vehicles for recreational and commercial use. The TUG brand will join E-Z-GO´s family of brands alongside E-Z-GO, Cushman and Bad Boy Buggies. For more information, visit www.ezgo.com.
Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. For more information, visit www.textron.com.