M&A Deal Summary

Harbour Group Acquires Phillips & Temro Industries

On March 1, 2015, asset manager Harbour Group acquired automotive company Phillips & Temro Industries from Audax Private Equity

Acquisition Highlights
  • This is Harbour Group’s 5th transaction in the Automotive sector.
  • This is Harbour Group’s 27th transaction in the United States.
  • This is Harbour Group’s 2nd transaction in Minnesota.

M&A Deal Summary

Date 2015-03-01
Target Phillips & Temro Industries
Sector Automotive
Buyer(s) Harbour Group
Sellers(s) Audax Private Equity
Deal Type Secondary Buyout

Target

Phillips & Temro Industries

Eden Prairie, Minnesota, United States
website
Phillips & Temro Industries is a supplier of highly engineered diesel and gasoline engine components with an emerging presence in electric and hybrid electric vehicle platforms. Phillips & Temro Industries was founded in 1920 and is based in Eden Prairie, Minnesota.

Search 192,860 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Harbour Group

St. Louis, Missouri, United States

Investor Investor Investor Investor Investor

website


Category Asset Manager
Founded 1976
Size Large
Type Sector Agnostic
DESCRIPTION

Harbour Group is a private investment firm that seeks to invest in companies within the sectors of manufacturing and distribution. The firm pursues companies with EBITDA between $4 million and $60 million, and revenue between $50 million and $100 million. In addition, the firm looks for investments within North America and around the world with enterprise value between $30 million and $500 million. Harbour Group was formed in 1976 and is based in St. Louis, Missouri.


DEAL STATS #
Overall 27 of 39
Sector (Automotive) 5 of 5
Type (Secondary Buyout) 13 of 18
State (Minnesota) 2 of 3
Country (United States) 27 of 38
Year (2015) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-11 Auto Meter Products

Sycamore, Illinois, United States

Auto Meter Products is a developer and manufacturer of aftermarket automotive gauges as well as battery test and charging equipment. Auto Meter Products operates out of a 93,000 square foot facility in Sycamore, Illinois and distributes its products to over 600 active customers within the specialty warehouse distributor, retailer, and OEM channels. Auto Meter Products was founded in 1957 and is based in Sycamore, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-01 SloanLED

San Angelo, Texas, United States

SloanLED is a designer and manufacturer of LED lighting systems for use in sign, spa, and optoelectronic applications. SloanLED was founded in 1957 and is based in San Angelo, Texas.

Sell -

Seller(S) 1

SELLER

Audax Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1999
PE ASSETS 16.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Audax Private Equity is a private equity firm focused on acquiring control positions in a variety of mid to large North American headquartered companies. The Firm segments its activities into lower middle-market and larger scale investing. Within its larger group, Audax targets profitable businesses valued up to $800 million and within its lower middle-market group, the Firm seeks companies valued up to $125 million. Sectors of interest include business services, consumer products/services, financial services, healthcare services, industrial services, software, and technology. Audax has a special interest in businesses that can benefit from a buy and build investment strategy for growth. Audax Private Equity was formed in 1999 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 39 of 97
Sector (Automotive) 2 of 5
Type (Secondary Buyout) 20 of 53
State (Minnesota) 2 of 3
Country (United States) 37 of 92
Year (2015) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-18 Corepoint Health

Frisco, Texas, United States

Corepoint Health is a provider of an internal and external health data integration and exchange for hospitals, radiology centers, laboratories, and clinics.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-19 AllOver Media

Minneapolis, Minnesota, United States

AllOver Media is a national provider of out of home (“OOH”) advertising execution and logistics services. The Company works with government agencies, companies and marketing agencies to simplify OOH ad placement, helping them place ads in optimal locations. AllOver Media is based in Minneapolis, Minnesota.

Buy -