Alvest was created by the merger of TLD, the world’s leading manufacturer of airport ground support equipment; Sage Parts, the world’s largest supplier of spare parts for airport ground support equipment; and Adhetec, a niche manufacturer of industrial adhesive and pressure sensitive solutions.

The group’s extensive range of ground support equipment is marketed worldwide to a diverse customer base that includes ground handling operators, airlines, airports, the military and equipment hire companies.

The deal represented an opportunity to partner with a highly capable management team that we have known for almost a decade and that we have been closely tracking in response to their success in diversifying and growing the Alvest organisation.

Our contribution

  • Supporting the implementation of acquisition and divestment projects.
  • Acting as a key partner in  strategy setting
  • Providing access to members of the Sagard network to assist in preparing bids on major new contracts.

Successful outcomes

  • Alvest acquired Aero Specialties in December 2016, gaining an entry into the General Aviation and Business jet segment of the ground support equipment market.
  • The global manufacturing footprint has been strengthened with the extensions built at the plants in Sorigny, France and Windsor, Connecticut, and the opening of a new facility in Wuxi, China.
  • The development of a range of military-grade ground support equipment enabled TLD to win a major multi-year contract to supply cooling systems for the F-35 fighter.

96 M€


34 M€


182 %