M&A Deal Summary

Erwin Hymer Group Acquires Roadtrek

On February 25, 2016, Erwin Hymer Group acquired automotive company Roadtrek from Industrial Opportunity Partners

Acquisition Highlights
  • This is Erwin Hymer Group’s 1st transaction in the Automotive sector.
  • This is Erwin Hymer Group’s 1st transaction in Canada.
  • This is Erwin Hymer Group’s 1st transaction in Ontario.

M&A Deal Summary

Date 2016-02-25
Target Roadtrek
Sector Automotive
Buyer(s) Erwin Hymer Group
Sellers(s) Industrial Opportunity Partners
Deal Type Add-on Acquisition

Target

Roadtrek

Kitchener, Ontario, Canada
Roadtrek is a designer and manufacturer of Class B motorhomes. Class B motorhomes (also called camper vans) are built on the chassis of full-size cargo vans and include sleeping for two to four people as well as full bath and kitchen amenities with the living space contained within the dimensions of the van. Roadtrek's RVs are sold through a network of independent dealers in the United States and Canada. Roadtrek was formed in 1974 and is based in Kitchener, Ontario.

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Buyer(S) 1

Buyer

Erwin Hymer Group

Bad Waldsee, Germany

Category Company
Founded 1957
Sector Automotive
Employees4,400
Revenue 1.4B EUR (2015)
DESCRIPTION

Erwin Hymer Group is a manufacturer of motorhomes and caravans. Each year the group sells more than 35,000 recreational vehicles .The Erwin Hymer Group includes the motorhome and caravan brands Bürstner, Carado, Dethleffs, Hymer, Niesmann + Bischoff, Laika, LMC and Sunlight, Europe's largest motorhome rental company McRent, the suspension specialist Goldschmitt, the accessory specialist Movera and the tent caravan manufacturer 3DOG camping. Erwin Hymer Group was founded in 1957 and is based in Bad Waldsee, Germany.


DEAL STATS #
Overall 1 of 1
Sector: Automotive 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: 2016 M&A 1 of 1

Seller(S) 1

SELLER

Industrial Opportunity Partners

Evanston, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Industrial Opportunity Partners is a private equity firm focused on acquiring and managing middle-market manufacturing and value-added distribution businesses. IOP looks to invest $15 to $100 million in companies with revenues between $50 and $500 million with an EBITDA of $5 to $50 million. Sectors of interest include building products, electronics, foundry, and casting products, precision machining, stamped and fabricated products, automotive components and steel/metal processing. IOP has a particular investment focus on enhancing the operations and optimizing the cost structures of businesses. Industrial Opportunity Partners was formed in 2005 and is based in Evanston, Illinois.


DEAL STATS #
Overall 8 of 23
Sector: Automotive M&A 2 of 6
Type: Add-on Acquisition M&A Deals 5 of 15
State: Ontario M&A 1 of 2
Country: Canada M&A 1 of 2
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-02 Coldwater Veneer

Coldwater, Michigan, United States

Coldwater Veneer, Inc. is a manufacturer of specialty hardwood veneer for the global marketplace including end markets such as building products, furniture, home furnishings, and automotive markets. Coldwater Veneer is based in Coldwater, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-14 Moulure Alexandria Moulding

Alexandria, Ontario, Canada

Moulure Alexandria Moulding, Inc. is a manufacturer and distributor of wood mouldings and related millwork products for the Canadian and Northern U.S. residential housing markets. The Company sells directly to retailers as well as wholesale building product distributors and industrial customers. The Company is headquartered in Alexandria, Ontario, Canada and has a manufacturing and distribution facility in Alexandria along with a hardwood manufacturing operation in Bradford, Ontario that serve Eastern Canada. The Company also has a manufacturing and distribution facility in Moxee, Wash. that serves Western Canada and the Northwest U.S. as well as two other distribution facilities in Wilkes Barre, Pa. and La Porte, Ind. that serve the Northeast and Midwest regions of the U.S.

Buy -