Add-on Acquisition • Automotive

Basin Holdings Acquires VCI

On January 26, 2016, Basin Holdings acquired automotive company VCI

Acquisition Context
  • This is Basin Holdings’ 1st transaction in the Automotive sector.
  • This is Basin Holdings’ 6th transaction in the United States.
  • This is Basin Holdings’ 1st transaction in Michigan.

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M&A Deal Summary

Date January 26, 2016
Target VCI
Sector Automotive
Buyer(s) Basin Holdings
Deal Type Add-on Acquisition
Advisor(s) Generational Capital Markets (Financial)

Target Company

VCI

Sturgis, Michigan, United States
VCI, Inc. is a manufacturer of customized material handling racks used for transporting various parts and components in the automotive and government contracting markets.
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Buyer Overview 1

Buyer

Basin Holdings

New York, New York, United States

Category Company
Sector Energy Services and Equipment
DESCRIPTION

Basin Holdings is a global holding company focused on providing products and services to energy and industrial customers. The Company operates in seven sectors: equipment supply and distribution, drilling tools, production and completion tools, material handling, precision machining, power solutions, and specialty products. Our global reach into emerging markets is an important differentiator. Basin currently manufactures oilfield equipment in North America, and distributes equipment and services through its global network of procurement centers, sales offices, and on-site supply stores.


Deal Context for Buyer #
Overall 7 of 7
Sector: Automotive 1 of 1
Type: Add-on Acquisition 7 of 7
State: Michigan 1 of 1
Country: United States 6 of 6
Year: 2016 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-26 Anderson Machining Service

Jefferson, Wisconsin, United States

Anderson Machining Service, Inc. is a manufacturer of precision components and assemblies used in the hydraulic, recreational vehicle, and energy industries.

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