NMC-Wollard Becomes Wollard International with New Ownership
NMC-Wollard, a global supplier of aviation ground-support equipment for 70+ years, announces it is now Wollard International and has been acquired by a group led by Robert Priddy and Kilroy Partners. Industry veteran John Carroll is chairman of the new company and Greg McDermott remains president.
Wollard is well-known for its tow tractors, passenger stairs, belt loaders and maintenance lifts, and provides equipment and services to international and domestic airlines, U.S. and other armed forces, and private aviation.
Moving forward, Wollard will grow its global customer base by expanding into new product areas while maintaining its reputation for quality and reliable products. McDermott says, “Robert Priddy and Kilroy Partners are the ideal business partners for Wollard International as we enter the next chapter of our growth. They have invaluable experience in the aviation industry and will help us capitalize on the growth opportunities ahead.”
Priddy says, “We are excited to invest in Wollard and have the opportunity to help build on its strong foundation. With many years of experience in the aviation industry, we understand the needs of the company’s customers and will help Wollard leverage its reputation for quality and service to become the industry standard in GSE.”
Priddy is focused on both indirect and direct investments in public and private companies and has extensive experience in the airline industry. He was a founding partner of Atlantic Southeast Airlines, Florida Gulf Airlines and ValuJet/AirTran. He was also a core investor in Allegiant Air.
Kilroy Partners is a private investment firm providing equity capital to companies in the lower-middle market. Kilroy invests across manufacturing, transportation, logistics and business services sectors.