M&A Deal Summary

NFI Group Acquires Motor Coach Industries

On November 10, 2015, NFI Group acquired automotive company Motor Coach Industries from KPS Capital Partners for 480M USD

Acquisition Highlights
  • This is NFI Group’s 3rd transaction in the Automotive sector.
  • This is NFI Group’s largest (disclosed) transaction.
  • This is NFI Group’s 2nd transaction in the United States.
  • This is NFI Group’s 1st transaction in Illinois.

M&A Deal Summary

Date 2015-11-10
Target Motor Coach Industries
Sector Automotive
Buyer(s) NFI Group
Sellers(s) KPS Capital Partners
Deal Type Add-on Acquisition
Deal Value 480M USD
Advisor(s) J.P. Morgan Securities (Financial)
Goodmans LLP (Legal)

Target

Motor Coach Industries

Des Plaines, Illinois, United States
website
Motor Coach Industries International, Inc. offers designing, manufacturing, and marketing intercity coaches in North America.

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Buyer(S) 1

Buyer

NFI Group

Winnipeg, Manitoba, Canada

website


Category Company
Founded 1895
Sector Machinery
Employees9,300
Revenue 2.1B USD (2022)
DESCRIPTION

NFI Group is a manufacturer of heavy-duty buses in the U.S. and Canada. Offering the broadest line of transit vehicles, Company have secured strong position by providing reliable transportation solutions that meet the needs of today while anticipating the needs of tomorrow. NFI Group was founded in 1895 and is based in Winnipeg, Canada.


DEAL STATS #
Overall 3 of 6
Sector (Automotive) 3 of 5
Type (Add-on Acquisition) 2 of 5
State (Illinois) 1 of 1
Country (United States) 2 of 3
Year (2015) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-21 North American Bus Industries

Anniston, Alabama, United States

North American Bus Industries produces a comprehensive line of innovative, heavy-duty transit buses from 31’ to 60’ (articulated) at its headquarters in Anniston, Alabama. North American Bus Industries prides itself on its environmentally responsible vehicles with CNG, hybrid-electric and clean diesel propulsion systems.

Buy $80M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-01 Carlson Engineered Composites

Winnipeg, Manitoba, Canada

Carlson Engineered Composites, Inc. is a manufacturer of fiberglass reinforced polymer (FRP) components primarily to original equipment manufacturers of transportation vehicles and agricultural equipment. Carlson Engineered Composites, Inc. was founded in 1985 and is based in Winnipeg, Manitoba.

Buy $13M

Seller(S) 1

SELLER

KPS Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1991
PE ASSETS 13.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

KPS Capital Partners is a private investment firm that targets special situations including turnarounds, restructurings, bankruptcies, and corporate divestitures. KPS' target investment size is $100 million to $1 billion in businesses with minimum revenues of $250 million. The Firm has specific interest in companies engaged in the manufacturing, transportation, and service industries. KPS will not consider investments in high technology, financial services, telecommunications, broadcast media, real estate and natural resources. The Firm's geographic coverage spans the US, Canada, and Europe. KPS Capital Partners was formed in 1991 and is based in New York City.


DEAL STATS #
Overall 19 of 33
Sector (Automotive) 3 of 4
Type (Add-on Acquisition) 10 of 18
State (Illinois) 2 of 2
Country (United States) 16 of 28
Year (2015) 2 of 2
Size (of disclosed) 5 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-11 WWRD Holdings

Waterford, Ireland

WWRD Holdings Limited is a provider of luxury home and lifestyle products worldwide, sold under a number of well-recognized brands, including Waterford, Wedgwood, Royal Doulton, Royal Albert, Minton and Johnson Brothers. WWRD Holdings maintains unique licensing arrangements with some of the most high-profile innovators in the home and lifestyle market, including Vera Wang, Jasper Conran, John Rocha, Monique Lhuillier, Barbara Barry, Gordon Ramsay, Martha Stewart and Michael Aram. The Company's products are distributed through premium department stores and independent retailers and wholesalers around the world, including in the United States, United Kingdom, Japan, Canada, Australia and Ireland. WWRD Holdings employs more than 3,700 people worldwide.

Sell €406M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-20 United Copper Industries

Denton, Texas, United States

United Copper Industries, Inc. is a manufacturer and distributor of building wire and cable used in the construction of industrial, residential and commercial buildings in the United States and Canada. United Copper manufactures all major types of 600-volt building wire and cable used in both residential and commercial construction, including Thermoplastic High Heat Resistant Nylon (“THHN”) wire, Thermoplastic Flexible Fixture Nylon (“TFFN”) wire, Non-Metallic (“NM-B”) cable, Underground Feeder (“UF-B”) cable, Metal-Clad (“MC”) cable and Bare wire. Building wire serves as the essential conduit to carry electrical current to all external uses of power in a building or dwelling. All UCI products are Underwriters Laboratory approved and listed. UCI is a leader in green technology by manufacturing lead-free products and powering its facility with over 40% renewable energy. United Copper sells its products through prominent national, regional and local electrical distributors across the country.

Sell -