M&A Deal Summary

AKWEL Acquires Avon Automotive Holdings

On June 27, 2011, AKWEL acquired manufacturer Avon Automotive Holdings from Crystal Capital

Acquisition Highlights
  • This is AKWEL’s 1st transaction in the Manufacturing sector.
  • This is AKWEL’s 1st transaction in the United States.
  • This is AKWEL’s 1st transaction in Michigan.

M&A Deal Summary

Date 2011-06-27
Target Avon Automotive Holdings
Sector Manufacturing
Buyer(s) AKWEL
Sellers(s) Crystal Capital
Deal Type Add-on Acquisition

Target

Avon Automotive Holdings

Cadillac, Michigan, United States
Avon Automotive is a global manufacturer of engineered rubber and polymer products with four primary product lines: fuel hose; coolant hose; air hose; and vibration management systems. The company serves the automotive, heavy truck, small engine and recreational vehicle industries in North America and Europe.

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Buyer(S) 1

Buyer

AKWEL

Champfromier, France

Category Company
Founded 1972
Sector Automotive
Employees8,868
Revenue 1.1B EUR (2023)
DESCRIPTION

AKWEL specialised in the production of plastic parts. AKWEL was founded in 1972 and is based in Champfromier, France.


DEAL STATS #
Overall 1 of 2
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Michigan) 1 of 1
Country (United States) 1 of 1
Year (2011) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-26 Autotube AB

Varberg, Sweden

Autotube AB is a provider of components for air and fluid distribution to the automotive industry.

Buy -

Seller(S) 1

SELLER

Crystal Capital

Boston, Massachusetts, United States

Category Private Equity Firm
Founded 2006
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Crystal Capital is an affiliate of Crystal Financial Corporation, Crystal Capital is a private investment firm that provides debt and equity capital to middle-market companies. Crystal Capital does not have an industry preference in evaluating opportunities, but looks to provide a minimum of $1 million in equity (co-investment) or $10 million in junior capital per transaction. Target companies typically generate sales of at least $150 million and EBITDA of $15 million. Crystal Capital was formed in 2006 and is based in Boston, Massachusetts with additional offices in Los Angeles, California; Stamford, Connecticut; and Chicago, Illinois.


DEAL STATS #
Overall 3 of 20
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 1 of 4
State (Michigan) 1 of 1
Country (United States) 3 of 20
Year (2011) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-27 Bell and Howell

Durham, North Carolina, United States

Bell and Howell is a provider of outsourced maintenance services and solutions for highly complex automation equipment across a variety of end markets, including retail, e-commerce, digital print, logistics, robotics, and production mail. Utilizing over 800 highly skilled service engineers, the Company offers customized service plans, innovative technologies, and a robust support infrastructure that enable the technology and automation initiatives of enterprises and original equipment manufacturers across industries. Bell and Howell was founded in 1907 and is based in Durham, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-25 Transportation Management Services

Sandy Spring, Maryland, United States

Transportation Management Services (TMS), headquartered in Sandy Springs, MD, is a leading transportation management firm and provides transportation services through its two primary divisions: (i) Logistics Operations which provides transportation planning and operational support to state and federal government agencies as well as a wide range of private companies for corporate events, trade shows, sporting events and cruise lines (ii) Bus Operations which provides shuttle services and local sightseeing and is a Top 10 bus operator with over 250 vehicles.

Buy -