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  5. Envirotech Vehicles Acquires Maddox Industries

M&A Deal Summary

Envirotech Vehicles Acquires Maddox Industries

On October 31, 2024, Envirotech Vehicles acquired automotive company Maddox Industries for 4M USD

Acquisition Highlights
  • This is Envirotech Vehicles’ 1st transaction in the Automotive sector.
  • This is Envirotech Vehicles’ largest (disclosed) transaction.
  • This is Envirotech Vehicles’ 1st transaction in Puerto Rico.

M&A Deal Summary
Date 2024-10-31
Target Maddox Industries
Sector Automotive
Buyer(s) Envirotech Vehicles
Deal Type Add-on Acquisition
Deal Value 4M USD

Target

Maddox Industries

Humacao, Puerto Rico
Maddox Industries is a design and implementation firm dedicated to advancing electric vehicle initiatives, offering strategic guidance, technical expertise, and market insights to stakeholders across the EV ecosystem.” Maddox Industries was founded in 2021 and is based in Humacao, Puerto Rico.

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Buyer(S) 1

Buyer

Envirotech Vehicles

Houston, Texas, United States
Category Company
Sector Automotive
Employees22
Revenue 2M USD (2024)
DESCRIPTION

Envirotech Vehicles developing and delivering cutting-edge, zero-emission commercial transportation solutions. Envirotech Vehicles is bsed in Houston, Texas.

DEAL STATS #
Overall 1 of 2
Sector: Automotive M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 2
Country: Puerto Rico M&A 1 of 1
Year: 2024 M&A 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-05-15 Kymera

McKinney, Texas, United States

Kymera is a manufacturer of marine craft. Kymera was founded in 2004 and is based in McKinney, Texas.

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