M&A Deal Summary

Torsion Group Acquires Action Industries

On December 13, 2016, Torsion Group acquired building materials company Action Industries

Acquisition Highlights
  • This is Torsion Group’s 3rd transaction in the Building Materials sector.
  • This is Torsion Group’s 4th transaction in the United States.
  • This is Torsion Group’s 3rd transaction in Ohio.

M&A Deal Summary
Date 2016-12-13
Target Action Industries
Sector Building Materials
Buyer(s) Torsion Group
Deal Type Add-on Acquisition

Target

Action Industries

Cleveland, Ohio, United States
website
Action Industries Ltd. is a designer, manufacturer and distributor of a wide range of products for the garage door industry including weatherseals, retainers, door hardware, accessories, fasteners, brushes, aluminum retainers, dock kits and cable products. Action Industries was established in 1980 and has locations in Cleveland, Ohio; Atlanta, Georgia; Tempe, Arizona; and Milwaukee, Wisconsin.

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Buyer(S) 1

Buyer

Torsion Group

Evansville, Indiana, United States
Category Company
Founded 2016
Sector Distribution
DESCRIPTION

Torsion Group is a distributor and manufacturer of commercial and residential garage door parts and accessories serving OEMs, installers, contractors, and dealers. The company's national footprint, expansive product line, manufacturing capabilities, and dedication to same-day fulfillment offer a compelling value proposition to its customers. Torsion Group was founded in 2016 and is based in Evansville, Indiana.

DEAL STATS #
Overall 4 of 4
Sector (Building Materials) 3 of 3
Type (Add-on Acquisition) 4 of 4
State (Ohio) 3 of 3
Country (United States) 4 of 4
Year (2016) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-13 Torsion Source

Peninsula, Ohio, United States

Torsion Source is a full service, focused resource that is working exclusively in the garage door market. Company provide value to the industry through manufacturing, engineering, and purchasing expertise while staying focused on the solutions that benefit our customers.

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