Daifuku Webb acquires Elite Line Services LLC from G&T Conveyor Company
09 November 2012
Daifuku Webb Holding Company, a subsidiary of Daifuku Co., has completed the purchase of all equity of Elite Line Services LLC (ELS) from G&T Conveyor Company Inc. G&T is majority owned by Brynwood Partners IV LP, a private equity fund. ELS will operate as a subsidiary of Daifuku Webb within the Daifuku Group. ELS has more than 800 employees who will continue to provide operations and maintenance support for baggage handling systems, passenger boarding bridges, vehicle fleet and ground support equipment at airports. “ELS will continue to offer the same high-quality service it always has to airports across North America,” said Brian Stewart, co-CEO of Daifuku Webb Holding Company. “The only change is it now has the support of a USD 2 billion organization and one of the largest airport baggage handling system providers in the world.” The management team for ELS remains in place, and it will continue to be headquartered in Carrollton, TX. In April 2010, Daifuku launched a three-year business plan called ‘Material Handling and Beyond’, where it expressed a commitment to position the airport baggage handling business as one of its core businesses. Jervis B. Webb Company, a subsidiary of Daifuku Webb, provides airport baggage handling systems primarily in North America. In 2011, the Group completed the purchase of Logan Teleflex, another leading baggage handling company with locations in the United Kingdom, France and the U.S.