CVG - M&A Summary and Business Overview

AutomotiveCompany

CVG M&A Summary

CVG has acquired 9 companies, including 2 in the last 5 years. It has also divested 2 assets.

CVG’s largest acquisition to date was in 2005, when it acquired Midwest Harness & Cable for $55M. CVG has acquired in 6 different US states, and 3 countries. The Company’s most targeted sectors include automotive (56%) and apparel/textiles (12%).

CVG Business Overview

Where is CVG headquartered?

CVG is headquartered in New Albany, Ohio.

What is CVG’s revenue?

CVG disclosed revenue of 995M USD for 2023 and 982M USD for 2022.

How many employees does CVG have?

CVG has 7,700 employees.

What sector is CVG in?

CVG is an automotive company.

When was CVG founded?

CVG was founded in 2000.

M&A Summary

  • M&A Total Activity11
    • M&A Buy Activity9
    • M&A Sell Activity2
  • Total Sectors Invested 5
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 5
  • M&A Advisors 1

CVG

Commercial Vehicle Group, Inc.

7800 Walton Parkway,
New Albany, Ohio 43054
United States,
(614) 289-5360
www.cvgrp.com

CVG is a manufacturer of components and systems for the medium and heavy duty commercial vehicles market. CVG was founded in 2000 and is based in New Albany, Ohio.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 8 - - - - 1 9
vol $86M $40M $126M
Sell (0.2/yr) # 1 - - - - 1 2
  11

Most Recent M&A

Company Date Value Type
First Source Electronics LLC 2024-11-14 - Divestiture
Elkridge, Maryland · www.fsellc.com
Commercial Vehicle Group - Cab Structures Business 2024-10-02 40M USD Divestiture
Kings Mountain, North Carolina
First Source Electronics LLC 2019-09-18 - Add-on Acquisition
Elkridge, Maryland · www.fsellc.com
Midwest Harness & Cable Corp. 2016-01-01 - Divestiture
Naperville, Illinois · www.midwestharness.com
Daltek LLC 2012-12-28 - Add-on Acquisition
, United States · www.daltekinc.com
Vijayjyot Seats Pvt. Ltd. 2012-11-05 14M USD Add-on Acquisition
Gujarat, India
Stratos Seating 2011-07-29 - Add-on Acquisition
Wetherill Park, Australia · www.stratos.com.au
Bostrom Seating, Inc. 2011-01-31 9M USD Divestiture
Piedmont, Alabama · www.bostromseating.com
Short Bark Industries LLC 2007-12-05 4M USD Add-on Acquisition
Tellico Plains, Tennessee
Gage Industries, Inc. - Fabrication Division 2007-10-31 5M USD Divestiture
, United States
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Automotive 5 (56%) 68M (54%) - -
Electrical Equipment 1 (11%) 55M (44%) 1 (50%) -
Technology Hardware 1 (11%) - 1 (50%) -
Apparel/Textiles 1 (11%) 4M (3%) - -
Chemicals 1 (11%) - - -
Total 9 $126M 2 -

By Geo

State/Country Buy Value Sell Value
United States 7 113M 2 -
  Maryland 1 - 1 -
  Illinois 1 55M 1 -
  Alabama 1 9M - -
  Tennessee 1 4M - -
  North Carolina 1 40M - -
Australia 1 - - -
India 1 14M - -
Domestic 7 (78%) 113M (89%) 2 (100%) -
Cross-border 2 (22%) 14M (11%) - -
Total 9 $126M 2 -

Top M&A Advisors

Financial Deals
Bengur Bryan & Co., Inc.
 1

Deal Values

buy # Total
< $100M 6 $126M
TOTAL $126M
Largest Midwest Harness & Cable Corp.
$55M (2005-06-08)

M&A Connections

Deals
Acquired from
Strategic(s)
33%
3 (33%)
Divested to
Investor(s)
50%
1 (50%)
Strategic(s)
50%
1 (50%)

Company Summary

SECTOR

Automotive

Revenue

995   2% 2023
982   2% 2022
972   36% 2021
718   21% 2020
901   1% 2019
898   19% 2018
755   15% 2017
662   20% 2016
825   2% 2015
840   13% 2014
747   13% 2013
857   2012
(millions of USD) Show More Show Less

Employees

7,700

Established

2000

Public

NASDAQ: CVGI

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