G&T Conveyor Company Acquires The Horsley Company

Dec 06, 2004, 00:00 ET from Brynwood Partners

    TAVARES, Fla., Dec. 6 /PRNewswire/ -- G&T Conveyor Company announced it
 has acquired The Horsley Company ("Horsley"), a manufacturer and installer of
 custom baggage conveyor systems. Horsley is headquartered in Salt Lake City,
 Utah. The terms of the transaction were not disclosed.
     "We welcome all the Horsley employees into the G&T family and are excited
 about enhancing our products and best practices to continue to be the leader
 in our industry", said Ted Majewski, G&T Principal. "The combined expertise
 and efficiencies of these two great US- owned companies will make us even more
 competitive in our thriving market." With this acquisition, the G&T Conveyor
 team gains additional personnel and manufacturing capacity to continue
 providing airports with innovative solutions for in-line security solutions.
 The combined knowledge of equipment, controls, and software will ensure that
 airports achieve the highest operational efficiency from their baggage
 handling systems.
     "We will continue to operate independently as The Horsley Company", said
 Brad Stein, General Manager of Horsley.
     G&T Conveyor Company is majority owned by Brynwood Partners L.P., a
 private investment firm based in Greenwich, CT. Henk Hartong, Jr., Senior
 Managing Partner of Brynwood said, "We are excited to add this investment to
 the Brynwood Partners family of companies. This investment is consistent with
 our strategy of building G&T into a significant competitor in the airport
 baggage handling systems market."
     About G&T Conveyor Company
     G&T is the largest privately held baggage handling systems manufacturer in
 the United States. Through its Elite Line Services division ("ELS"), G&T also
 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 Partners 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 Partners is based in
 Greenwich, CT. For more information, please visit:
 http://www.brynwoodpartners.com .

SOURCE Brynwood Partners