M&A Deal Summary

Drive Products Acquires G.W. Anglin Manufacturing

On April 1, 2019, Drive Products acquired manufacturer G.W. Anglin Manufacturing from Banyan Capital Partners

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

M&A Deal Summary
Date 2019-04-01
Target G.W. Anglin Manufacturing
Sector Manufacturing
Buyer(s) Drive Products
Sellers(s) Banyan Capital Partners
Deal Type Add-on Acquisition

Target

G.W. Anglin Manufacturing

Tecumseh, Ontario, Canada
G.W. Anglin Manufacturing is a diverse manufacturer of parts and aftermarket truck and van equipment. G.W. Anglin Manufacturing was founded in 1967 and is based in Tecumseh, Ontario.

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Buyer(S) 1

Buyer

Drive Products

Mississauga, Ontario, Canada
Category Company
Founded 1983
Sector Automotive
DESCRIPTION

Drive Products supply products and systems to the Truck Mounted Equipment industry in Ontario. The company manufactures, upfit, and distribute a comprehensive suite of truck bodies and equipment. Drive Products was founded in 1983 and is based in Mississauga, Ontario.

DEAL STATS #
Overall 1 of 1
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2019) 1 of 1

Seller(S) 1

SELLER

Banyan Capital Partners

Investor Investor Investor

Category Private Equity Firm
Founded 1999
Size Small
Type Sector Agnostic
DESCRIPTION

Banyan Capital Partners is a generalist private equity firm that invests in middle-market companies located primarily in US and Canada. Banyan looks to invest in companies with $10 - $200 million in annual revenue and will consider both majority and minority situations. Banyan's target investment size is $3 to $20 million. Transaction situations can include succession, recapitalizations, public to private, spin-offs, buyouts, and growth financings. Banyan will not invest in biotech, real estate, or mining opportunities. Banyan Capital was formed in 1999 and is based in Toronto.

DEAL STATS #
Overall 14 of 14
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 6 of 6
State (Ontario) 2 of 2
Country (Canada) 9 of 9
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-06 Tartan

Calgary, Alberta, Canada

Tartan's principle services are plant and facility construction, pipeline construction, oilfield maintenance, fabrication and plant maintenance. Tartan was founded in 1953 and is based in Calgary, Alberta.

Sell $12M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-05 Innovative Surface Solutions

Ajax, Ontario, Canada

Innovative Surface Solutions distributes liquid salts, primarily magnesium chloride and calcium chloride mixed with additives for de-icing, dust control and various industrial applications. Innovative Surface Solutions specializes in effective, environmentally safer solutions for road safety and maintenance, industrial applications, and agriculture. Innovative Surface Solutions was founded in 1986 and is based in Ajax, Ontario.

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