M&A Deal Summary

Graham Partners and Golub Capital Acquire TransAxle

On August 28, 2006, private equity firm Graham Partners and lender Golub Capital acquired automotive company TransAxle

Acquisition Highlights
  • This is Graham Partners’ 2nd and Golub Capital’s 1st transaction in the Automotive sector.
  • This is Graham Partners’ 14th and Golub Capital’s 5th transaction in the United States.
  • This is Graham Partners’ 1st and Golub Capital’s 1st transaction in New Jersey.
Investment Fate
  • TransAxle was sold to a consortium of financial buyers in 2020.

M&A Deal Summary
Date 2006-08-28
Target TransAxle
Sector Automotive
Buyer(s) Graham Partners
Golub Capital
Deal Type Recapitalization
Advisor(s) Goldsmith Agio Helms (Financial)

Target

TransAxle

Cinnaminson, New Jersey, United States
website
TransAxle is a remanufacturer of drivetrain related components (transmissions, differentials, hydraulic pumps, and motors) and is an authorized distribution partner of ArvinMeritor, Eaton, Dana, Bendix, and over 100 other OE product lines. Transaxle was founded in 1979 and is based in Cinnaminson, New Jersey.

Search 195,353 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) 2

Buyer

Graham Partners

Newtown Square, Pennsylvania, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1988
PE ASSETS 5.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Graham Partners is a private equity that targets middle market industrial and manufacturing companies. The Firm seeks to invest in businesses based in the US and also consider investments in Canada and Western Europe. Graham Partners focuses on strong growth potential companies with high return on invested capital, led by experienced management teams in revenues between $30 - $500 million and EBITDA between $10 million and $50 million. The firm typically invests between $10 million and $100 million in equity and the balance via debt and can invest higher than $100 million through co-investments. Broad areas of interest include building products, water management, medical products, consumer products, packaged food & beverage, packaging, aerospace/defense, agriculture, capital equipment, energy related products, home and outdoor, sports and leisure, and transportation services. Prospective transaction types include MBOs, recapitalization and growth capital financing. Graham Partners is an affiliate of The Graham Group was formed in 1988 and is based in Newton Square, Pennsylvania.

DEAL STATS #
Overall 15 of 55
Sector (Automotive) 2 of 2
Type (Recapitalization) 1 of 3
State (New Jersey) 1 of 2
Country (United States) 14 of 48
Year (2006) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-28 Berry

Evansville, Indiana, United States

Berry is a manufacturer and marketer of plastic packaging products for personal care, household, industrial and transportation markets. Berry was incorporated in 1967 and is headquartered in Evansville, Indiana.

Buy $2.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-01 Atlas

Wichita, Kansas, United States

Atlas manufactures flight-critical, complex assemblies on a diverse group of commercial, military and business aircraft, including the 737MAX, F-35 Joint Strike Fighter, Gulfstream G650, and nearly every Textron Aviation aircraft. Atlas has developed a unique set of machining, specialty forming and chemical processing capabilities, supported by automation technology and low-cost manufacturing. This vertical integration allows Atlas to deliver a broad range of complex aircraft assemblies, including complete aircraft doors, escape hatches, wing structures, and flight control assemblies for a growing list of leading aerospace OEMs.

Buy -
Buyer

Golub Capital

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Lender
Founded 1994
PE ASSETS 55.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Golub Capital is a private investment firm focused on making debt and equity investments in US based middle-market companies. Golub looks to invest between $5 and $75 million in businesses with established operating cash flow, strong customer relationships, and 'sustainable proprietary positions in their markets'. Prospective investment structures include refinancings, recapitalizations, buyouts, and growth financings. Sectors of interest include consumer products, business and consumer services, defense, manufacturing, value-added distribution, media, healthcare services and restaurants. Golub Capital was formed in 1994 and maintains offices in New York City, Atlanta, and Chicago.

DEAL STATS #
Overall 5 of 67
Sector (Automotive) 1 of 1
Type (Recapitalization) 1 of 10
State (New Jersey) 1 of 5
Country (United States) 5 of 65
Year (2006) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-05 Bravo Brio

Columbus, Ohio, United States

Bravo Brio is a restaurant company featuring two rapidly growing, category defining brands in the upscale casual Italian dining segment: Bravo Cucina Italiana and Brio Tuscan Grille.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-23 Trade Service Company

San Diego, California, United States

Trade Service Company LLC, is a provider of standardized product and price information to the mechanical, electrical, plumbing, industrial, automotive, and office products industries.

Buy -
Mergr

Product

Company

Legal