M&A Deal Summary

The Marmon Group Acquires Rostra Powertrain Controls

On March 19, 2017, The Marmon Group acquired automotive company Rostra Powertrain Controls from Rostra Precision Controls

Acquisition Highlights
  • This is The Marmon Group’s 1st transaction in the Automotive sector.
  • This is The Marmon Group’s 4th transaction in the United States.
  • This is The Marmon Group’s 1st transaction in North Carolina.

M&A Deal Summary

Date 2017-03-19
Target Rostra Powertrain Controls
Sector Automotive
Buyer(s) The Marmon Group
Sellers(s) Rostra Precision Controls
Deal Type Divestiture

Target

Rostra Powertrain Controls

Laurinburg, North Carolina, United States
Rostra Powertrain Controls is a manufacturer and distributor of OE (Original Equipment) and aftermarket automotive products. Product categories include solenoids, sensors, switches, wire harnesses, modulators, and vacuum-actuated assemblies. Rostra Powertrain Controls is based in Laurinburg, North Carolina.

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Buyer(S) 1

Buyer

The Marmon Group

Chicago, Illinois, United States

Category Company
Founded 1953
Sector Manufacturing
DESCRIPTION

The Marmon Group is a diversified manufacturing company that produces electrical components, industrial components and transportation equipment. The Company also provides services including construction and retail services. The Marmon Group was formed in 1953 and is based in Chicago.


DEAL STATS #
Overall 5 of 10
Sector: Automotive M&A 1 of 1
Type: Divestiture M&A Deals 2 of 3
State: North Carolina M&A 1 of 1
Country: United States M&A 4 of 9
Year: 2017 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 3Wire Group

Osseo, Minnesota, United States

3Wire Group, Inc. is a distributor of a food service equipment parts to major chains and food equipment service companies. 3Wire Group was founded in 2001 and is based in Osseo, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-03 Prism Plastics

Chesterfield, Michigan, United States

Prism Plastics, Inc. is a manufacturer of high-precision injection molded plastic components for the automotive, industrial and medical markets.

Buy -

Seller(S) 1

SELLER

Rostra Precision Controls

Laurinburg, North Carolina, United States

Category Company
Founded 1987
Sector Automotive
DESCRIPTION

Rostra Technologies, Inc. is a manufacturer of electronic, electromechanical and mechanical control devices and tools. Rostra's primary focus is on electronic parts for the automotive aftermarket, although it also serves the automotive and truck OEM markets and various niche markets.


DEAL STATS #
Overall 1 of 2
Sector: Automotive M&A 1 of 2
Type: Divestiture M&A Deals 1 of 2
State: North Carolina M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-15 Vehicle Safety Manufacturing

Newark, New Jersey, United States

Vehicle Safety Manufacturing LLC is a provider of heavy-duty turn signal switches, lighting products, and safety components to both Original Equipment Manufacturers and aftermarket customers in the heavy-duty and slow-moving vehicle marketplaces. Vehicle Safety Manufacturing was founded in 1979 and is based in Newark, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-03 Vehicle Safety Manufacturing

Newark, New Jersey, United States

Vehicle Safety Manufacturing LLC is a provider of heavy-duty turn signal switches, lighting products, and safety components to both Original Equipment Manufacturers and aftermarket customers in the heavy-duty and slow-moving vehicle marketplaces. Vehicle Safety Manufacturing was founded in 1979 and is based in Newark, New Jersey.

Sell $17M