M&A Deal Summary

Brake Parts Acquires OE Quality Friction

On January 30, 2015, Brake Parts acquired manufacturer OE Quality Friction from Huron Capital

Acquisition Highlights
  • This is Brake Parts’ 1st transaction in the Manufacturing sector.
  • This is Brake Parts’ 1st transaction in Canada.
  • This is Brake Parts’ 1st transaction in Ontario.

M&A Deal Summary

Date 2015-01-30
Target OE Quality Friction
Sector Manufacturing
Buyer(s) Brake Parts
Sellers(s) Huron Capital
Deal Type Add-on Acquisition

Target

OE Quality Friction

Mississauga, Ontario, Canada
Under its holding company Maple Leaf Automotive, OE Quality Friction is a leading manufacturer of original equipment quality brake pads for the automotive aftermarket. OEQF combines vehicle specific formulations and an advanced manufacturing process to produce world-class friction materials with superior performance characteristics.

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Buyer(S) 1

Buyer

Brake Parts

McHenry, Illinois, United States

Category Company
Founded 1988
Sector Automotive
DESCRIPTION

Brake Parts (BPI) is a global brake system products manufacturer and supplier to the transportation industry. The BPI brake product offering includes brake pads, shoes, rotors, drums, calipers, hydraulic parts and wheel hubs. The Raybestos brand of brakes has over a 100 year heritage and are used by premier NASCAR motorsports teams such as Joe Gibbs Racing and Roush Fenway Racing. Brake Parts was founded in 1988 and is based in McHenry, Illinois.


DEAL STATS #
Overall 1 of 1
Sector: Manufacturing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2015 M&A 1 of 1

Seller(S) 1

SELLER

Huron Capital

Detroit, Michigan, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Huron Capital Partners is a private equity firm that seeks to acquire or recapitalize niche manufacturers, value-added distributors and specialty service companies. Prospective transaction situations include management buyouts, corporate spin-offs, recapitalizations, family successions and consolidations. Huron prefers opportunities located in the US and Canada. Target companies typically have revenues between $20 and $200 million and EBITDA of at least $5 million. Huron can commit up to $10 million and $50 million of equity capital per transaction. Huron Capital Partners was formed in 1999 and has offices in Detroit, Michigan and Ontario, Canada.


DEAL STATS #
Overall 18 of 40
Sector: Manufacturing M&A 1 of 2
Type: Add-on Acquisition M&A Deals 9 of 16
State: Ontario M&A 2 of 3
Country: Canada M&A 2 of 2
Year: 2015 M&A 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-01 Maple Leaf Automotive

Mississauga, Ontario, Canada

Maple Leaf Automotive, Inc. is a manufacturer of original equipment quality replacement parts for the automotive aftermarket. Maple Leaf combines vehicle specific formulations and an advanced manufacturing process to produce world-class vehicle replacement parts with superior performance characteristics.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-06 Artissimo Designs

Los Angeles, California, United States

Artissimo Designs is a designer and manufacturer of ready‐to‐hang wall art, including framed and unframed art on printed/embellished canvas, laminated wood plaques and wall decals. Artissimo Designs was founded in 2010 and is based in Los Angeles, California.

Sell -