M&A Deal Summary

AM General Acquires Mobility Ventures

On September 5, 2013, AM General acquired automotive company Mobility Ventures from Perseus

Acquisition Highlights
  • This is AM General’s 1st transaction in the Automotive sector.
  • This is AM General’s 1st transaction in the United States.
  • This is AM General’s 1st transaction in Florida.

M&A Deal Summary

Date 2013-09-05
Target Mobility Ventures
Sector Automotive
Buyer(s) AM General
Sellers(s) Perseus
Deal Type Add-on Acquisition

Target

Mobility Ventures

Miami, Florida, United States
Mobility Ventures LLC is a designer, developer, and marketer of specialty vehicles designed to meet the needs of the commercial and municipal paratransit markets, taxi fleet market, and the consumer retail market for mobility-impaired individuals in North America.

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Buyer(S) 1

Buyer

AM General

South Bend, Indiana, United States

Category Company
Sector Automotive
DESCRIPTION

AM General designs, engineers, manufactures, supplies and supports specialized vehicles for military and commercial customers and has more than six decades of experience meeting the changing needs of the defense and automotive industries. AM General is the original designer and manufacturer of the famous military HMMWV (Humvee®) and HUMMER® H1 vehicles, and commercial contract assembler of the H2, MV-1 and Ford Transit Connect Electric vehicles. AM General is based in South Bend, Indiana.


DEAL STATS #
Overall 1 of 1
Sector: Automotive M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Florida M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2013 M&A 1 of 1

Seller(S) 1

SELLER

Perseus

Washington, District of Columbia, United States

Category Merchant Bank
Founded 1995
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Perseus is a private equity firm focused on middle-market buyouts, recapitalizations, and growth equity investments. Perseus looks businesses operating with proven management, strong brands, and 'powerful intellectual property'. Sectors of interest include biotechnology, medical devices, branded consumer products, business services, information technology, communications, and energy/environmental service companies. Perseus was formed in 1995 and maintains offices in Washington DC, New York City, and Munich.


DEAL STATS #
Overall 29 of 31
Sector: Automotive M&A 3 of 3
Type: Add-on Acquisition M&A Deals 21 of 22
State: Florida M&A 2 of 2
Country: United States M&A 24 of 26
Year: 2013 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-01 WorkflowOne

Dayton, Ohio, United States

WorkflowOne provides a wide range of products and services including business documents, electronic print and mail solutions, branded merchandise, label solutions, sales and marketing collateral, and distribution services.

Sell $218M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 Lumexis

Irvine, California, United States

Lumexis was a manufacturer of advanced In-flight entertainment and connectivity systems. Lumexis was formed in 2003 and was based in Irvine, California.

Sell -