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, Georgia, 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.
E-Z-GO is a designer and manufacturer of vehicles for recreational and commercial use. The TUG brand will join E-Z-GO’s Cushman and Bad Boy Buggies brands.
“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.