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