M&A Deal Summary |
|
|---|---|
| Date | 2023-09-01 |
| Target | Peterson Spring |
| Sector | Manufacturing |
| Buyer(s) | First Brands |
| Sellers(s) | MiddleGround Capital |
| Deal Type | Add-on Acquisition |
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First Brands is a global automotive parts company that develops, markets, and sells premium products through a portfolio of market-leading brands including: Raybestos complete brake solutions, Centric Parts replacement brake components, FRAM filtration products, Luber-finer® filtration products, TRICO wiper blades, ANCO wiper blades, Carter fuel and water pumps, Autolite spark plugs, StrongArm lift supports, and StopTech performance brakes. First Brands is based in Rochester, Michigan.
| DEAL STATS | # |
|---|---|
| Overall | 6 of 7 |
| Sector: Manufacturing M&A | 1 of 1 |
| Type: Add-on Acquisition M&A Deals | 6 of 7 |
| State: Michigan M&A | 2 of 2 |
| Country: United States M&A | 6 of 7 |
| Year: 2023 M&A | 3 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-08-01 |
CARDONE Industries
Philadelphia, Pennsylvania, United States CARDONE Industries is a manufacturer and supplier of automotive replacement parts such as brakes, fuel systems, motors and pumps for cars and trucks. CARDONE Industries was established in 1970 and is based in Philadelphia, Pennsylvania. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-11-01 |
Hopkins
Emporia, Kansas, United States Hopkins is a manufacturer and marketer of specialized towing products and functional accessories for the automotive and recreational vehicle aftermarket. Hopkins was founded in 1953 and is based in Emporia, Kansas. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2018 |
| PE ASSETS | 3.7B USD |
| Size | Large |
| Type | Sector Focused |
MiddleGround Capital is a middle-market private equity firm focused on acquiring North American companies valued up to $500 million. MiddleGround looks to commit $20 to $350 million per transaction and generally pursues investments in fundamentally good businesses that align with its operational expertise. Areas of interest include B2B industrial and specialty distribution. MiddleGround Capital was formed in 2018 and has offices in Lexington, Kentucky and Amsterdam, Netherlands.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 3 |
| Sector: Manufacturing M&A | 2 of 2 |
| Type: Add-on Acquisition M&A Deals | 2 of 2 |
| State: Michigan M&A | 1 of 1 |
| Country: United States M&A | 2 of 3 |
| Year: 2023 M&A | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-07-31 |
Xtrac
Thatcham, United Kingdom Xtrac engages in the design and manufacture of high-performance transmissions for the motorsport and automotive industry. It supplies most of the world’s top motorsport teams in both two and four-wheeled formulae across the globe, from MotoGP to Formula 1. Xtrac was founded in 1984 and is based in Thatcham, United Kingdom. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-03-07 |
IT8
Valencia, Spain IT8 is an independent engineering services company offering mechanical, electrical, programming, and construction services. The company offers programming, mechanical, and electrical engineering services, as well as installation and site services, across both European and American markets. It provides line automation engineering services for the automotive and intra-logistics industries with a core focus on Body in White (“BIW”) welding lines serving OEMs both directly and in partnerships with automation or system integration players. IT8 was founded in 2004 and is based in Valencia, Spain. |
Buy | - |
