M&A Deal Summary

Genstar Capital Acquires Clarience Technologies

On December 17, 2019, private equity firm Genstar Capital acquired automotive company Clarience Technologies from BDT & MSD Partners

Acquisition Highlights
  • This is Genstar Capital’s 2nd transaction in the Automotive sector.
  • This is Genstar Capital’s 79th transaction in the United States.
  • This is Genstar Capital’s 3rd transaction in Michigan.

M&A Deal Summary

Date 2019-12-17
Target Clarience Technologies
Sector Automotive
Buyer(s) Genstar Capital
Sellers(s) BDT & MSD Partners
Deal Type Secondary Buyout
Advisor(s) Baird
Barclays Investment Bank (Financial)
Jones Day (Legal)

Target

Clarience Technologies

Southfield, Michigan, United States
Clarience Technologies is a producer of forward and safety lighting, wiring harnesses, turn signal switches and safety accessories for the medium- and heavy-duty truck, trailer and commercial vehicle industries. The company also designs and manufactures Road Ready® telematics systems for heavy- and light-duty trailers and off-road industrial usage; fuel filtration and water separation systems; and rugged LED lighting for the off-road and marine industries. Clarience Technologies was founded in 1955 and is based in Southfield, Michigan.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Genstar Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 50.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Genstar Capital is a private equity firm that seeks investments in life science, healthcare, medical products, industrial technology, software, financial services, packaging, building materials, manufacturing, and business services companies. Genstar looks to invest between $50 and $400 million of equity capital in businesses valued up to $1 billion. Target transaction situations include control-oriented leveraged buyouts of corporate divisions, privately held businesses or public companies, minority investments in privately held businesses or public companies, ownership restructurings/recapitalizations of privately held businesses, growth equity financings, partnerships with other strategic or financial buyers, and take privates. Genstar Capital was formed in 1988 and is based in San Francisco, California.


DEAL STATS #
Overall 86 of 112
Sector: Automotive M&A 2 of 4
Type: Secondary Buyout M&A Deals 37 of 52
State: Michigan M&A 3 of 4
Country: United States M&A 79 of 104
Year: 2019 M&A 9 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-23 Inside Real Estate

Murray, Utah, United States

Inside Real Estate provides residential real estate brokers and agents with a cloud-based software platform and marketing solution to help brokers intelligently engage prospective home buyers and sellers, dramatically simplify the buying and selling processes and uses analytics to identify specific actions for improving performance. Inside Real Estate is based in Murray, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-23 ECM Industries

New Berlin, Wisconsin, United States

ECM Industries is a manufacturer and supplier of electrical products for construction, maintenance, lighting, irrigation, landscape supply, and gas utility markets. ECM Industries is based in New Berlin, Wisconsin.

Sell -

Seller(S) 1

SELLER

BDT & MSD Partners


Category Merchant Bank
Founded 2009
PE ASSETS 60.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

BDT Capital Partners provides family-owned and entrepreneurially led companies with long-term, differentiated equity capital. BDT Capital Partners is an affiliate of merchant bank BDT & Company. The Firm is based in Chicago, Illinois.


DEAL STATS #
Overall 1 of 2
Sector: Automotive M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
State: Michigan M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-05 Rather Outdoors

Springfield, Missouri, United States

Rather Outdoors is an outdoor consumer products company with a portfolio of brands, including Lew’s, Strike King, and Hunters Specialties. Rather Outdoors supplies branded fishing and hunting gear and accessories through the mass market, sporting goods, and specialty outdoor channels. Rather Outdoors is based in Springfield, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-19 AGP Group

Ghent, Belgium

AGP Group is a glazing manufacturer that has developed a large portfolio of products for the automotive, marine, and security markets. The company provides high-tech glazing solutions to more than 20 automotive brands that are shaping the future of mobility through electrification and autonomous driving. AGP Group was founded in 1965 and is based in Ghent, Belgium.

Buy -