M&A Deal Summary

Kensington Capital Partners Acquires Pure Power Technologies

On February 2, 2016, private equity firm Kensington Capital Partners acquired automotive company Pure Power Technologies from Navistar International

Acquisition Highlights
  • This is Kensington Capital Partners’ 2nd transaction in the Automotive sector.
  • This is Kensington Capital Partners’ 2nd transaction in the United States.
  • This is Kensington Capital Partners’ 1st transaction in South Carolina.
Investment Fate
  • Pure Power Technologies was sold to a strategic buyer in 2019.

M&A Deal Summary
Date 2016-02-02
Target Pure Power Technologies
Sector Automotive
Buyer(s) Kensington Capital Partners
Sellers(s) Navistar International
Deal Type Divestiture

Target

Pure Power Technologies

Columbia, South Carolina, United States
website
Entrance to Pure Power Technologies' corporate headquarters in Blythewood, South Carolina.
Entrance to Pure Power Technologies' corporate headquarters in Blythewood, South Carolina.
Pure Power Technologies LLC is a provider of high-performance diesel fuel-injection systems and precision machining products and systems for medium- and heavy-duty truck applications.

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Buyer(S) 1

Buyer

Kensington Capital Partners

Investor

website

Category Private Equity Firm
Founded 1996
Size Small
Type Sector Focused
DESCRIPTION

Kensington Capital Partners is a specialist private equity group and M&A advisor focused on the automotive and industrial sectors. Kensington is based in Kensington, New York.

DEAL STATS #
Overall 3 of 4
Sector (Automotive) 2 of 2
Type (Divestiture) 1 of 2
State (South Carolina) 1 of 1
Country (United States) 2 of 2
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-07 Transtar Industries

Cleveland, Ohio, United States

Transtar Industries is a distributor and remanufacturer of automotive aftermarket transmission repair parts and manufacturers of automotive refinishing products. Transtar Industries was founded in 1975 and is based in Cleveland, Ohio.

Buy $425M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-19 Lise Watier Cosmétiques

Ville Mont-Royal, Quebec, Canada

LiseLise Watier Cosmétiques, Inc. is a developer and manufacturer of cosmetics, skincare, and fragrances sold through department stores and drugstores. Lise Watier Cosmétiques was founded in 1965 and is based in Ville Mont-Royal, Quebec.

Sell CA$18M

Seller(S) 1

SELLER

Navistar International

Lisle, Illinois, United States

website

Category Company
Founded 1902
Sector Automotive
Revenue 11.3B USD (2019)
DESCRIPTION
Navistar's corporate headquarters in Lisle, Illinois.
Navistar's corporate headquarters in Lisle, Illinois.

Navistar is a manufacturer of commercial trucks, diesel engines and parts, school and commercial buses, and automotive chassis. Navistar was formerly known as International Harvester. Navistar was founded in 1902 and is based in Lisle, Illinois.

DEAL STATS #
Overall 6 of 7
Sector (Automotive) 3 of 3
Type (Divestiture) 6 of 7
State (South Carolina) 1 of 1
Country (United States) 6 of 7
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 E-Z Pack

Cynthiana, Kentucky, United States

E-Z Pack is a manufacturer of refuse truck bodies and OEM garbage truck parts. E-Z Pack was founded in 1905 and is based in Cynthiana, Kentucky.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-03 Navistar Defense

Madison Heights, Michigan, United States

Navistar Defense is a tactical wheeled vehicle original equipment manufacturer serving the military, law enforcement, and government agencies worldwide. Navistar Defense provides a complete portfolio of both tactical and commercial off-the-shelf military vehicles, as well as custom-tailored lifecycle support solutions to a global customer base. Since 2004, Navistar Defense has delivered approximately 37,000 vehicles across 28 countries and has access to Navistar’s global dealer network across 90 countries.

Sell -
Mergr

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