M&A Deal Summary

Cerberus Capital Management and Staple Street Capital Acquire ABC Technologies

On July 1, 2016, asset manager Cerberus Capital Management and private equity firm Staple Street Capital acquired automotive company ABC Technologies

Acquisition Highlights
  • This is Cerberus Capital Management’s 5th and Staple Street Capital’s 1st transaction in the Automotive sector.
  • This is Cerberus Capital Management’s 1st and Staple Street Capital’s 2nd transaction in Canada.
  • This is Cerberus Capital Management’s 1st and Staple Street Capital’s 1st transaction in Ontario.
Investment Fate
  • ABC Technologies went public in 2021.
  • ABC Technologies was sold to a consortium of financial buyers in 2021.
  • ABC Technologies was sold to a consortium of financial buyers in 2023.

M&A Deal Summary

Date 2016-07-01
Target ABC Technologies
Sector Automotive
Buyer(s) Cerberus Capital Management
Staple Street Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

ABC Technologies

Toronto, Ontario, Canada
ABC Technologies is a full-service automotive supplier of blow molded and injection molded thermoplastic components and systems including: center consoles, spoilers, bumper systems, HVAC ducts, filters, fluid reservoirs, and other parts. ABC Technologies was founded in 1974 and is based in Toronto, Ontario.

Search 215,058 Deals Now

SEARCH BY

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

Try Free

Buyer(S) 2

Buyer

Cerberus Capital Management

New York, New York, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1992
PE ASSETS 55.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Cerberus Capital Management is a private investment firm that targets a wide range of global investments. Cerberus primarily looks for undervalued or distressed situations. Industry sectors of interest include aerospace and defense, apparel, automotive and industrial, building products, commercial services, consumer and retail, financial services, healthcare, manufacturing and distribution, paper, packaging, and printing, real estate, technology, telecommunications, transportation, and travel. In addition to private equity investing, Cerberus also provides corporate credit and acquires real estate. Cerberus was formed in 1992 by Steve Feinberg and is based in New York City.


DEAL STATS #
Overall 49 of 93
Sector: Automotive M&A 5 of 5
Type: Buyout (LBO, MBO, MBI) M&A Deals 17 of 27
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 2
Year: 2016 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-27 Blue Bird

Macon, Georgia, United States

Blue Bird is a designer and manufacturer of school buses, with more than 550,000 buses sold since its formation and approximately 180,000 buses in operation today. Blue Bird’s longevity and reputation in the school bus industry have made it an iconic American brand. Blue Bird distinguishes itself from its principal competitors by its singular focus on the design, engineering, manufacture, and sale of school buses and related parts. As the only manufacturer of chassis and body production specifically designed for school bus applications, Blue Bird is recognized as an industry leader for school bus innovation, safety, product quality/reliability/durability, operating costs and drivability. Blue Bird was founded in 1927 and is based in Macon, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-28 TransCentra

Norcross, Georgia, United States

TransCentra is an established provider of integrated outsourced billing, remittance processing, and imaging software, and consulting services. TransCentra serves approximately 300 clients, primarily in the financial service, insurance, utilities, healthcare, and telecom industries.

Sell -
Buyer
DESCRIPTION

Staple Street Capital is a private equity firm focused on acquiring middle-market companies with $50 to $500 million in revenue. Staple Street looks to invest up to $125 million per transaction and will consider opportunities in the business services, chemicals, communications, media, software, consumer, retail, distribution, energy, financial services, healthcare, industrial, and manufacturing sectors. Prospective transaction situations include carve-outs, family-owned business acquisitions, recapitalizations, consolidations, take privates, and special situations. Staple Street Capital was formed in 2009 and is based in New York City.


DEAL STATS #
Overall 5 of 12
Sector: Automotive M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 2 of 8
State: Ontario M&A 1 of 2
Country: Canada M&A 2 of 3
Year: 2016 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-20 Mid States Supply

Kansas City, Missouri, United States

Mid States Supply is a distributor of pipes, valves, and fittings serving the oil and gas, general manufacturing, food, and mechanical construction industries. Mid States also provides value-added modification services, customizing values, and other products to meet specific customer requirements. Mid States Supply was established in 1947 and is based in Kansas City, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-16 Dominion Voting Systems

Toronto, Ontario, Canada

Dominion Voting Systems is a provider of hardware and software election tabulation solutions in the U.S. and Canada. Dominion Voting provides election tabulation solutions to government customers. The company's scalable and customizable platform holds industry-leading certifications and provides accessibility and efficiency at the state and local levels. Dominion Voting Systems was established in 2003 and is based in Toronto, Ontario.

Buy -