M&A Deal Summary

Auxo Investment Partners and Graycliff Partners Acquire Genesis Rail Services

On October 27, 2021, private equity firms Auxo Investment Partners and Graycliff Partners acquired transportation company Genesis Rail Services

Acquisition Highlights
  • This is Auxo Investment Partners’ 2nd and Graycliff Partners’ 3rd transaction in the Transportation sector.
  • This is Auxo Investment Partners’ 10th and Graycliff Partners’ 54th transaction in the United States.
  • This is Auxo Investment Partners’ 1st and Graycliff Partners’ 1st transaction in West Virginia.

M&A Deal Summary

Date 2021-10-27
Target Genesis Rail Services
Sector Transportation
Buyer(s) Auxo Investment Partners
Graycliff Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Woodbridge International (Financial)

Target

Genesis Rail Services

Bluefield, West Virginia, United States
Genesis Rail Services provides mission-critical maintenance and mechanical services to major railroad companies. Genesis has developed a strong reputation in the market by providing efficient, cost- and time-saving services that have resulted in long-term relationships with market-leading clients. Genesis Rail Services is based in Bluefield, West Virginia.

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Buyer(S) 2

DESCRIPTION

Auxo Investment Partners is an operationally-focused private investment firm that targets acquisitions of North American manufacturing, distribution, and business services companies. Auxo prefers profitable businesses ($2 to $20 million of EBITDA) and has a special interest in owner-operators seeking retirement or facing succession issues. Auxo Investment Partners was formed in 2016 and is headquartered in Grand Rapids, Michigan.


DEAL STATS #
Overall 10 of 15
Sector (Transportation) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 4 of 7
State (West Virginia) 1 of 1
Country (United States) 10 of 14
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-25 Altus

Walker, Michigan, United States

Altus is focused on serving the healthcare sector with a product portfolio that includes powered and non-powered mobile technology workstations (also known as workstations on wheels, medical mobile carts or mobility workstations) and wall-mounted workstations, along with related accessories. Altus was founded in 2001 and is based in Walker, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-01 Securit Metal Products

Dowagic, Michigan, United States

Securit Metal Products is a manufacturer of solid and semi-tubular rivets. Securit fabricates permanent mechanical fasteners which are used in a variety of industrial applications, including semi-truck trailers, automotive subassemblies, boats, bourbon barrels and cookware (examples of non-permanent fasteners include screws, nails and bolts). Securit serves numerous industries and has a strong presence in the trucking industry, which requires large quantities of rivets for trailer assembly.

Buy -
Buyer

Graycliff Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1991
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Graycliff Partners is a private equity firm focused on private equity and mezzanine investments in middle-market companies throughout the US. The Firm's mezzanine practice does not have any sector preferences and looks to invest $10 to $50 million in profitable companies with at least $10 million in revenue. Funds are used to support buyouts, growth needs, divestitures, or consolidations. Graycliff's private equity group looks to acquire middle-market companies in the manufacturing, service, and distribution sectors. The Firm looks for businesses with $10 to $200 million of revenue. Graycliff Partners was established in 1991 and is based in New York City.


DEAL STATS #
Overall 59 of 72
Sector (Transportation) 3 of 4
Type (Buyout (LBO, MBO, MBI)) 23 of 26
State (West Virginia) 1 of 1
Country (United States) 54 of 67
Year (2021) 8 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-04 CHawk

Hayward, California, United States

CHawk provides plastic and metal machining, fabrication, clean room assembly, and engineering services. The company’s core market is semiconductor capital equipment, with a growing presence in aerospace, medical, and general industrial end markets. CHawk was founded in 2005 and is based in Hayward, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-03 PebbleTec

Scottsdale, Arizona, United States

PebbleTec is a designer and manufacturer of high-quality swimming pool finishes. The company sources premium stones of varying sizes and colors from across the globe (including New Zealand, Chile, and Mexico), and has perfected a proprietary application process to produce custom finishes that last decades. PebbleTec was formed in 1988 and is based in Scottsdale, Arizona.

Sell -