E-Z-GO Acquires TUG Technologies From Jacobson Partners - Quick Facts

(RTTNews) - E-Z-GO, a business unit of Textron Inc. (TXT) has acquired TUG Technologies Corporation, a leading manufacturer of ground support equipment in the aviation industry.

TUG Technologies based in Kennesaw, Georgia, manufactures ground support equipment servicing airlines, air-freight companies, ground handlers, government agencies and airports worldwide.

The company said 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.