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The principals of Quarton Partners advised Stewart & Stevenson Services in the sale of TUG Airline Products to Jacobson Partners.

Transaction

Stewart & Stevenson Services, Inc. (NYSE:SVC) divested its TUG Airline Products division to Jacobson Partners. The principals of Quarton Partners acted as exclusive financial advisor to Stewart & Stevenson, providing valuation expertise, assistance in the negotiations, and advice on structuring the transaction.

Company

TUG of Marietta, Georgia, is an industry leader in aviation ground support equipment, manufacturing cargo and baggage loaders, aircraft tow tractors, air start units, air conditioning units, and belt loaders. Stewart & Stevenson Services, Inc., founded in 1902, is a billion-dollar company that manufactures, distributes, and provides service for a wide range of industrial products and diesel-powered equipment to key industries worldwide, including power generation, defense, airline, marine, petroleum and transportation.

Buyer / Investor

Jacobson Partners is a lower middle market private equity firm focused on acquiring underperforming companies with enterprise values between $25 million and $150 million. Jacobson invests in non-core divisions of large corporations and other middle market companies, and create value through strong company leadership and its experienced operating team.

Contact

profile

Robert S. Parker

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