Press Release

Issued by Tronair.

December 1, 2017

Tronair, Inc., a portfolio company of Golden Gate Capital, is proud to announce the acquisition of Malabar Holding Company, including the assets of Malabar and DAE. 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. Its 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 and engine stands, as well as the spares, service and replacement parts associated with each product line. Malabar is known worldwide for its quality and service, including its 24-hour online product support and 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 that 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 to Malabar, and ValueICR LLC served as transactional advisor.