E-Z-GO acquires TUG Technologies Corp.

Augusta, Georgia – E-Z-GO, a Textron Inc. company, has acquired TUG Technologies Corp., a manufacturer of ground support equipment in the aviation industry.

 

TUG Technologies Corporation, based in Kennesaw, Ga., manufactures ground support equipment servicing airlines, air-freight companies, ground handlers, government agencies, and airports worldwide. TUG’s product line includes cargo tractors, belt loaders, tow tractors, pushback vehicles, air-starts, ground power units, and mobile heating and air-conditioning units.

 

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.

 

By becoming part of E-Z-GO, TUG joins Textron’s portfolio of iconic aviation brands such as Cessna, Beechcraft, Hawker, and Bell Helicopter. E-Z-GO’s family of brands includes Cushman and Bad Boy Buggies vehicles for recreational and commercial use.

 

“TUG joins E-Z-GO with a strong brand, a proven and diverse product line, and decades of leadership in its industry,” says E-Z-GO President Kevin Holleran. “Those advantages, combined with Textron’s resources and operational expertise, make for a formidable platform to drive growth and expansion.”

 

Source: Textron Inc.