Nexus Capital Management LP and HDT Global Acquire Aviation Ground Equipment Corp.
Summary
SOLON, Ohio, March 15, 2023 /PRNewswire/ -- Nexus Capital Management LP (Nexus), a Los Angeles-based private equity firm, announced today the acquisition of Aviation Ground Equipment Corp. (AGEC), a privately held, Veteran-owned aviation ground support equipment manufacturer and distributor that serves the military and commercial industries. "The acquisition of AGEC is a natural step for Nexus and complements the products supplied by HDTs Platform Systems sector," stated Vince Buffa, Chairman of the Board for HDT Global. "This acquisition allows AGEC and HDT to develop a synergy that ultimately benefits our customers who require full flight line support." The alignment of AGEC and HDT under the Nexus umbrella allows us to maintain our strong performance on existing programs, while growing to meet the requirements of our new business supporting the Air Force. Nexus employs a flexible investment mandate that focuses on long-term value creation by partnering with leading management teams and businesses.