Dépêches
KRG Capital Partners Completes Sale of Tronair Holdings, Inc.
Dépèche transmise le 12 mars 2012 par Business Wire
KRG Capital Partners Completes Sale of Tronair Holdings, Inc.
DENVER--(BUSINESS WIRE)--KRG Capital Partners (KRG), a Denver-based buyout firm, completed the sale of Tronair Holdings, Inc. (Tronair). Tronair is a leading manufacturer of ground support equipment (GSE) for business, commercial and military aircraft. KRG acquired Tronair in February of 2008, and the sale represents KRG’s second full exit for its $1.96 billion Fund IV. KRG’s limited partner investors will achieve a compelling return from the four-year investment.
“KRG was particularly instrumental in facilitating the development of our sales team, a key reason Tronair remains at the forefront of the GSE industry.”
“The Tronair management team has done an outstanding job building the leading GSE brand in the business aviation market, as well as expanding strategically into both the commercial and military end markets,” said Steve Neumann, a Managing Director at KRG Capital Partners. “Tronair is well-positioned to continue to outperform the market through its broad product line offering, best-in-class engineering, and experienced leadership team. We wish Ken Greene and the rest of the team all the best going forward.”
“Tronair achieved exceptional growth during our partnership with KRG”, stated Ken Greene, President and Chief Executive Officer of Tronair. “KRG was particularly instrumental in facilitating the development of our sales team, a key reason Tronair remains at the forefront of the GSE industry.”
Houlihan Lokey served as the financial advisor and Morrison & Foerster, LLP served as the legal advisor to KRG and the other Tronair shareholders in the transaction.
About Tronair
Founded in 1971, Tronair is a leader in the design and manufacture of GSE for business, commercial, and military fixed-wing and rotary-wing aircraft. With over 1,000 SKUs, Tronair has one of the broadest and most innovative product ranges in the GSE market. For more information on Tronair please visit, www.tronair.com.
About KRG
Founded in 1996, KRG is a Denver based private equity buyout firm with $4.3 billion of cumulative capital either deployed or available for future investment, which includes approximately $1 billion deployed since inception on behalf of equity co-investors. The firm seeks investment opportunities for its partners where KRG can work in concert with owners and operating managers who are committed to expanding their companies and becoming industry leaders. The result is a partnership that focuses on creating a significantly larger enterprise through a combination of internal growth and complementary add-on acquisitions. Since inception, KRG has invested in 41 platform companies and has completed 128 add-on acquisitions for those platforms. For more information on KRG, please visit www.krgcapital.com.
- 24/04Ibis Styles London Heathrow : l'hôtel géré par un passionné d'aviation pour les passionnés d'aviation (photos + vidéos)
- 23/04 SkyUp renouvelle son partenariat avec Wizz Air
- 23/04 Play : résultats de mars 2024
- 23/04 Les garde-côtes japonais commande trois Airbus H225 supplémentaires
- 23/04 Vueling et Make-A-Wish France signent un partenariat
- 23/04 TUI annonce ses destinations au départ de Deauville pour l'été 2024.
- 23/04 Twin Jet renforce son programme de vols sur la ligne Toulouse/Rennes
- 23/04 Norse Atlantic Airways : résultats du mois de mars 2024
- 23/04 Volotea renforce son offre entre Lille et le Maroc
- 22/04 Finnair a dévoilé son programme de vol pour les saisons hiver 2024 et été 2025
- 22/04 Qatar Airways annonce le lancement de vols à destination de Kinshasa
- 22/04 Vietnam Airlines et CAE prolongent leur accord
- 22/04 Mermoz Academy de Tours commande des Tecnam P-Mentor
- 22/04 Transavia France reçoit son 2e Airbus A320neo
- 20/04 Friedrichshafen 2024 : Blackwing présente un nouveau modèle de son BW650RG
- 20/04 Friedrichshafen 2024 : JMB Aircraft présente son Phoenix
- 19/04 Friedrichshafen 2024 : le projet "Fly To The North"
- 19/04 Friedrichshafen 2024 : Aura Aero présente pour la première fois ses trois appareils
- 19/04 Friedrichshafen 2024 : Duc Hélices présente son hélice Tiger-3
- 19/04 Friedrichshafen 2024 : Splash-in Aviation expose son Pétrel X