Tronair buys Eagle Tugs
Tronair, a portfolio company of Levine Leichtman Capital Partners, has closed its buy of Eagle Industrial Truck Manufacturing LLC (“Eagle Tugs”). Financial terms weren’t announced. Eagle Tugs provides tow tractors and tugs for commercial aviation and military customers. Tronair also completed a recapitalization and will use proceeds to pay a shareholder dividend, acquire Eagle Tugs and provide for ongoing working capital needs. BMO Harris Bank, Bank of Ireland and Madison Capital Funding LLC provided financing.
9 December 2015•3 mins read
