Add-on Acquisition • Machinery

E-Z-GO Acquires TUG Technologies

On May 2, 2014, E-Z-GO acquired machinery company TUG Technologies from Jacobson Partners

Acquisition Context
  • This is E-Z-GO’s 1st transaction in the Machinery sector.
  • This is E-Z-GO’s 1st transaction in the United States.
  • This is E-Z-GO’s 1st transaction in Georgia.

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M&A Deal Summary

Date May 2, 2014
Target TUG Technologies
Sector Machinery
Buyer(s) E-Z-GO
Sellers(s) Jacobson Partners
Deal Type Add-on Acquisition

Target Company

TUG Technologies

Kennesaw, Georgia, United States
TUG is a provider of aviation ground support equipment. TUG products such as aircraft tow tractors, air start units, belt loaders, ground power units and baggage tow tractors can be found at airport gate operations around the world. In addition, TUG manufactures vehicles to support military and industrial clients.
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Buyer Overview 1

Buyer

E-Z-GO

Augusta, Georgia, United States

Category Company
Sector Automotive
DESCRIPTION

E-Z-GO is a global manufacturer of golf cars, utility and personal transportation vehicles, and ground support equipment.


Deal Context for Buyer #
Overall 1 of 1
Sector: Machinery 1 of 1
Type: Add-on Acquisition 1 of 1
State: Georgia 1 of 1
Country: United States 1 of 1
Year: 2014 1 of 1

Seller Profile 1

SELLER

Jacobson Partners

New York, New York, United States

Category Private Equity Firm
Founded 1989
Size Small
Type Sector Agnostic
DESCRIPTION

Jacobson Partners is a lower middle-market private equity firm focused on acquiring non-core divestitures and other underperforming mid-sized companies in the US and Canada. Jacobson generally targets opportunities in basic industries such as manufacturing and services. The Firm seeks to invest between $10 and $25 million of equity in transactions valued up to $150 million. Jacobson Partners was formed in 1989 and is based in New York City.


Deal Context for Seller #
Overall 6 of 6
Sector: Machinery 1 of 1
Type: Add-on Acquisition 4 of 4
State: Georgia 1 of 1
Country: United States 6 of 6
Year: 2014 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-11 Swan

Sandy Springs, Georgia, United States

Swan is a manufacturer of consumer and industrial watering hoses in North America. The company manufactures its hoses in the USA under the Swan, Waterworks, Element, and Scott’s/Miracle-Gro brands. Swan was founded in 1927 and is based in Marion, Ohio.

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