December 1, 2017, Holland, Ohio -- Tronair, Inc., a portfolio company of Golden Gate Capital is proud to announce the acquisition of Malabar and DAE, collectively Malabar Holding Company. Financial terms of the transaction were not disclosed.
From its founding in 1935, Malabar has been a key supplier of ground support and maintenance equipment for commercial and military aircraft. Malabar’s primary business has been aircraft jacks, including axle jacks for changing aircraft wheels and tires and tripod jacks for in-hangar service of narrow-body and wide-body aircraft.
Today, Malabar sells product in over 60 countries around the world and the product line has expanded to include B787 and A350 coolant service carts, hundreds of different types of fluid dispensers, test stands, weigh equipment, strut service equipment, nitrogen/oxygen equipment, wheel/brake equipment, engine stands as well as the spares, service and replacement parts associated with each product line. Malabar has a worldwide reputation for quality and service, with 24-hour online product support including emergency parts supply.
Harley Kaplan, president and CEO of Tronair, stated: “With the acquisition of Malabar, Tronair continues to add products that enhance our value to a broad base of global aerospace customers. Malabar has done a wonderful job of building its brand and sterling reputation, and we look forward to continuing the legacy.”
Chris Advani, President and CEO of Malabar, added: “We are excited to join the Tronair team and bring together these storied aerospace brands. The combination of Tronair’s existing brands with Malabar and DAE represents an aerospace ground support powerhouse.”
Lazard served as financial advisor to Tronair in connection with the acquisition. Fidus Partners served as financial advisor, and ValueICR LLC served as transactional advisor, to Malabar Holding Company.
