River Capital and Management Acquire Tronair, Inc.
River Capital, an Atlanta-based private investment firm, has partnered with management to acquire Tronair, Inc. (“Tronair”). The purchase price was not disclosed.
Tronair, headquartered in Holland, Ohio, designs, engineers and manufactures a diverse line of ground support equipment for the business, commuter and commercial aviation markets. The Company sells its products to distributors, service centers, corporations and aircraft manufacturers, such as Bombardier, Gulfstream, Cessna, Dassault and others. For over twenty years, the Company has been a recognized leader in the ground support industry.
“We are excited to partner with the team at Tronair, which has built an extraordinary offering of products to the general aviation industry”said Jerry Wethington, Managing Partner at River Capital. “We are excited to be a part of their continued success.”
River Capital is one of the oldest firms of its type in the Southeast and has acquired companies in a broad range of industries with combined annual revenues in excess of $600 million. River Capital primarily invests in light manufacturing, distribution and select service companies with purchase prices of $10 million to $50 million. For add-on acquisition candidates, the firm will consider companies with a purchase price less than $10 million.