G&T Conveyor Company Acquires Ameribridge, Inc.

Feb 18, 2005, 00:00 ET from Brynwood Partners

    TAVARES, Fla., Feb. 18 /PRNewswire/ -- Elite Line Services, Inc. ("ELS"),
 a wholly owned subsidiary of G&T Conveyor Company, Inc., ("G&T") announced
 that it has acquired Ameribridge, Inc. ("Ameribridge"), a service provider to
 the passenger boarding bridge industry. Ameribridge is headquartered in
 Indianapolis, Indiana. The terms of the transaction were not disclosed.
     "The products and services of Ameribridge are a natural fit with ELS and
 our growing capabilities", said Mike Conner, VP and General Manager of ELS "In
 our expanding base of more that 25 national sites, there is a growing need for
 the installation, maintenance, and refurbishment of passenger boarding
 bridges. This service, combined with ELS' core capabilities and the offerings
 of our parent company G&T, a world leader in baggage handling systems,
 reaffirms our position as the leader in maintenance services for baggage
 handling systems, passenger boarding bridges and ground support equipment."
     "Although Ameribridge will continue to operate independently, by combining
 the industry leading capabilities of Ameribridge services in the passenger
 boarding bridge market with the resources, maintenance services, and
 nationwide fixed bases of operation of ELS/G&T, we feel that we can offer
 superior, full-service capabilities never before seen in the industry," said
 Gary Sloan, President of Ameribridge.
     G&T is majority owned by Brynwood Partners L.P. ("Brynwood"), a private
 investment firm based in Greenwich, CT. Hendrik J. Hartong, Jr., Senior
 Managing Partner of Brynwood said, "We are excited to add this investment to
 the Brynwood family of companies. This investment is consistent with our
 strategy of building G&T into a significant competitor in the servicing of
 baggage conveyor systems, ground support equipment and boarding bridges."
     About G&T Conveyor
     G&T is the largest privately held baggage handling systems manufacturer in
 the United States. Through its Elite Line Services division, G&T provides
 operations and maintenance support for airport services including baggage
 handling systems, passenger loading bridges and ground support equipment. For
 more information on the company, please visit http://www.gtconveyor.com .
     About Brynwood Partners
     Founded in 1984, Brynwood is a private equity fund which invests in lower
 middle market companies over a long-term horizon targeting consumer products,
 light industrial manufacturing, specialty retailing and business services. The
 principals of Brynwood have made investments in 17 portfolio companies and
 have successfully partnered with management and owners who want to continue to
 run their businesses but need the financial and operating partner support
 Brynwood uniquely provides. Brynwood is based in Greenwich, CT. For more
 information, please visit: http://www.brynwoodpartners.com .

SOURCE Brynwood Partners