M&A Deal Summary

Grammer Acquires Toledo Molding & Die

On May 22, 2018, Grammer acquired automotive company Toledo Molding & Die from Industrial Opportunity Partners and Yukon Partners for 271M USD

Acquisition Highlights
  • This is Grammer’s 3rd transaction in the Automotive sector.
  • This is Grammer’s largest (disclosed) transaction.
  • This is Grammer’s 1st transaction in the United States.
  • This is Grammer’s 1st transaction in Ohio.

M&A Deal Summary

Date 2018-05-22
Target Toledo Molding & Die
Sector Automotive
Buyer(s) Grammer
Sellers(s) Industrial Opportunity Partners
Yukon Partners
Deal Type Add-on Acquisition
Deal Value 271M USD

Target

Toledo Molding & Die

Toledo, Ohio, United States
website
Toledo Molding & Die, Inc. is a full-service automotive supplier that designs, develops and manufactures highly engineered molded thermoplastic components and assemblies such as interior cockpit modules and air and fluid management products.

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Buyer(S) 1

Buyer

Grammer

Ursensollen, Germany

website


Category Company
Founded 1880
Sector Automotive
Employees14,000
Revenue 1.7B EUR (2020)
DESCRIPTION

Grammer is a publicly listed company and nectec‘s key competitor in the premium segment of the headrest market of the premium automotive segment market. Grammer was founded in 1880 and is based in Ursensollen, Germany.


DEAL STATS #
Overall 3 of 3
Sector (Automotive) 3 of 3
Type (Add-on Acquisition) 2 of 2
State (Ohio) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-22 REUM Kunststoff- und Metalltechnik

Hardheim, Germany

REUM Kunststoff- und Metalltechnik GmbH is a developer and producer plastic components for the automotive industry. REUM specializes in high-quality functional and design components for interior fittings of vehicles and comfort fittings for premium cars. REUM Kunststoff- und Metalltechnik was founded in 1906 and is based in Hardheim, Germany.

Buy -

Seller(S) 2

SELLER

Industrial Opportunity Partners

Evanston, Illinois, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2005
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Industrial Opportunity Partners is a private equity firm focused on acquiring and managing middle-market manufacturing and value-added distribution businesses. IOP looks to invest $15 to $100 million in companies with revenues between $50 and $500 million with an EBITDA of $5 to $50 million. Sectors of interest include building products, electronics, foundry, and casting products, precision machining, stamped and fabricated products, automotive components and steel/metal processing. IOP has a particular investment focus on enhancing the operations and optimizing the cost structures of businesses. Industrial Opportunity Partners was formed in 2005 and is based in Evanston, Illinois.


DEAL STATS #
Overall 12 of 22
Sector (Automotive) 4 of 6
Type (Add-on Acquisition) 7 of 14
State (Ohio) 1 of 1
Country (United States) 11 of 20
Year (2018) 2 of 4
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-15 Royston

Jasper, Georgia, United States

Royston is a designer, manufacturer and installer of custom check-out and merchandising fixtures and equipment. The company’s core customer base consists of convenience store, grocery and mass-merchandise chains across North America. Royston was founded in 1869 and is based in Jasper, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-11 Betty Machine

Hendersonville, Tennessee, United States

Betty Machine is a manufacturer of close-tolerance parts primarily for automotive applications. Betty Machine is based in Hendersonville, Tennessee.

Sell -
SELLER

Yukon Partners

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor

website


Category Mezzanine Finance Firm
Founded 2008
PE ASSETS 640M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Yukon Partners is a mezzanine finance firm that works with private equity sponsors to fund a variety of investment situations. Yukon looks to invest $10 to $40 million to support buyouts, recapitalizations, take privates, and refinancings. Sectors of interest include automotive, building products, business services, consumer products, food/beverages, healthcare products/services, industrial manufacturing, niche manufacturing, and transportation/logistics. Prospective companies generally have revenues of $30 to $500 million and are profitable with EBITDA of $5 to $50 million. Yukon Partners was formed in 2008 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 11 of 28
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 3 of 7
State (Ohio) 2 of 2
Country (United States) 11 of 27
Year (2018) 2 of 3
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-14 Airxcel

Wichita, Kansas, United States

Airxcel is a designer, manufacturer, and marketer of climate control systems for a variety of specialty end markets including recreational vehicles, telecommunication enclosures, and commercial/industrial applications. The company employees find opportunities to express creativity and innovation, enhance education and be productive team members in a supportive work environment. It conducts its business with respect and regard for its employees, customers, suppliers, financial partners, and communities in which it operates. Airxcel was formed in 1991 and is based in Wichita, Kansas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-07 GSM Outdoors

Irving, Texas, United States

GSM Outdoors specializes in developing and marketing innovative products for the hunting, sport shooting, and rugged outdoor enthusiast market. GSM owns 20+ industry-leading brands including Stealth Cam, Walker’s, Muddy Outdoors, Birchwood Casey, Hawk, Cyclops, Western Rivers, American Hunter, HME, and SME among others. GSM’s strong focus on innovation, product development, rigorous quality control, and customer support has earned it a reputation for delivering top quality outdoor gear backed by industry-leading customer service. GSM Outdoors was founded in 1999 and is based in Irving, Texas.

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