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Investment Summary

Cummins Invests In Momentum Fuel Technologies

On June 29, 2021, Cummins invested in automotive company Momentum Fuel Technologies from Rush

Investment Highlights
  • This is Cummins’ 4th transaction in the Automotive sector.
  • This is Cummins’ 4th transaction in the United States.
  • This is Cummins’ 1st transaction in Texas.

Investment Summary
Date 2021-06-29
Target Momentum Fuel Technologies
Sector Automotive
Investor(s) Cummins
Sellers(s) Rush
Deal Type Stake Purchase

Target

Momentum Fuel Technologies

Roanoke, Texas, United States
Momentum Fuel Technologies is a provider of fuel system solutions, featuring state-of-the-art engineering, design, and manufacturing processes, complete system installation capabilities and the industry’s most comprehensive sales, service and support network. Momentum Fuel Technologies is a compressed natural gas (CNG) fuel system solution for Class 6-8 vehicles. Momentum Fuel Technologies was founded in 2015 and is based in Roanoke, Texas.

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Investor(S) 1

Investor

Cummins

Columbus, Indiana, United States
Category Company
Founded 1919
Sector Machinery
Employees69,600
Revenue 34.1B USD (2024)
DESCRIPTION

Cummins designs, manufactures, distributes and services engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems. Cummins was founded in 1919 and is based in Columbus, Indiana.

DEAL STATS #
Overall 7 of 11
Sector: Automotive M&A 4 of 6
Type: Stake Purchase M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 4 of 7
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-28 Hydrogenics

Mississauga, Ontario, Canada

Hydrogenics Corp. is a designer, manufacturer, builder and installer of industrial and commercial hydrogen systems around the globe. Hydrogenics was founded in 1995 and is based in Mississauga, Ontario.

Buy $290M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-09 Jacobs Vehicle Systems

Bloomfield, Connecticut, United States

Jacobs Vehicle Systems is a manufacturer of diesel and natural gas engine retarding systems and valve actuation mechanisms, provides engine brakes, emissions solutions to medium and heavy-duty engine. Jacobs Vehicle Systems was founded in 1961 and is based in Bloomfield, Connecticut.

Buy -

Seller(S) 1

SELLER

Rush

New Braunfels, Texas, United States
Category Company
Founded 1965
Sector Automotive
Employees8,390
Revenue 7.8B USD (2024)
DESCRIPTION
Rush Enterprises' corporate headquarters in New Braunfels, Texas.
Rush Enterprises' corporate headquarters in New Braunfels, Texas.

Rush owns and operates a large network of commercial vehicle dealerships across the United States. Rush was founded in 1965 and is based in New Braunfels, Texas.

DEAL STATS #
Overall 1 of 1
Sector: Automotive M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-13 Indiana Mack Leasing

Indianapolis, Illinois, United States

Indiana Mack Leasing LLC offers truck and tractor rental services.

Buy -
Mergr

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