M&A Deal Summary

Greenbriar Equity Group and Tailwind Acquire RANDYS

On November 2, 2022, private equity firms Greenbriar Equity Group and Tailwind acquired automotive company RANDYS from Tailwind

Acquisition Highlights
  • This is Greenbriar Equity Group’s 6th and Tailwind’s 2nd transaction in the Automotive sector.
  • This is Greenbriar Equity Group’s 34th and Tailwind’s 49th transaction in the United States.
  • This is Greenbriar Equity Group’s 3rd and Tailwind’s 4th transaction in Washington.

M&A Deal Summary
Date 2022-11-02
Target RANDYS
Sector Automotive
Buyer(s) Greenbriar Equity Group
Tailwind
Sellers(s) Tailwind
Deal Type Recapitalization
Advisor(s) Piper Sandler & Co.
Baird (Financial)
Davis Polk & Wardwell (Legal)

Target

RANDYS

Everett, Washington, United States
RANDYS is an automotive aftermarket provider of highly engineered components under the Yukon and USA Standard brands. The company's main product categories include differentials, ring & pinion, and axle products that are generally used to improve the towing and/or traction performance of a vehicle. RANDYS was founded in 1982 and is based in Everett, Washington.

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Buyer(S) 2

Buyer

Greenbriar Equity Group

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 10.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Greenbriar Equity Group is a specialized private equity firm focused on investing in the global transportation and advanced manufacturing industries. Companies of interest include traditional carriers, such as railroads, cruise lines, airlines, air freight, shipping, and trucking, as well as ancillary manufacturers and service companies that support the transportation industry. Greenbriar will consider making majority as well as minority investments through a variety of structures, including leveraged buyouts, recapitalizations, growth capital investments, corporate joint ventures and privatizations. The Firm targets businesses valued from $100 million to $1 billion. Greenbriar Equity was formed in 1999 and is based in Rye, New York.

DEAL STATS #
Overall 39 of 45
Sector (Automotive) 6 of 7
Type (Recapitalization) 2 of 3
State (Washington) 3 of 3
Country (United States) 34 of 40
Year (2022) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-04 Radwell

Willingboro, New Jersey, United States

Radwell is a distributor of new, surplus, and reconditioned industrial automation and electronic control equipment for plant floor and facilities maintenance machinery. The company also has full component-level repair capabilities, offering comprehensive solutions for all products across the full industrial automation equipment lifecycle. Radwell stocks and sells over 18 million new and refurbished surplus industrial parts such as programmable logic controllers, data control systems, integrated circuits, timers, servo motors, and much more. Radwell is headquartered in Willingboro, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-08 AASC

Stockton, California, United States

AASC is a full-service provider of complex composite and metal bonded structures and assemblies for both military and commercial applications, serving mission-critical space, aerospace, and defense programs. AASC was founded in 1954 and is based in Stockton, California.

Buy -
Buyer

Tailwind

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2003
PE ASSETS 3.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Tailwind is an independent private equity firm focused on making control investments in companies operating in the healthcare, media/communications, and business services sectors. Tailwind looks to invest $25 to $200 million in profitable businesses valued above $500 million. The Firm seeks companies with proven business models and strong opportunities for growth, either organically or through acquisition. Tailwind Capital was formed in 2003 and is based in New York, New York.

DEAL STATS #
Overall 49 of 50
Sector (Automotive) 2 of 2
Type (Recapitalization) 4 of 4
State (Washington) 4 of 4
Country (United States) 49 of 50
Year (2022) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-16 Stratix

Norcross, Georgia, United States

Stratix is a provider of outsourced Managed Mobile Service (MMS) solutions for many of the largest global brands within the retail, manufacturing, transportation and field service industries. Stratix has evolved from a data capture consulting services company to one of the largest national MMS providers with a comprehensive mobile service portfolio. The company leverages deep industry expertise, expansive service offerings and mobile specialization to provide consulting, deployment, software, 24x7 support and asset management services for the enterprise mobile workforce. Stratix was founded in 1983 and is based in Norcross, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-11 Ventiv Technology

Atlanta, Georgia, United States

Ventiv Technology is a software provider of Integrated Risk Management (“IRM”) solutions for enterprises and government entities. Its software platform enables enterprises to manage incidents and claims and evaluate, mitigate, and monitor risks with analytics, data-discovery, and reporting capabilities. Ventiv Technology. was founded in 1994 and is based in Atlanta, Illinois.

Sell -

Seller(S) 1

SELLER

Tailwind

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2003
PE ASSETS 3.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Tailwind is an independent private equity firm focused on making control investments in companies operating in the healthcare, media/communications, and business services sectors. Tailwind looks to invest $25 to $200 million in profitable businesses valued above $500 million. The Firm seeks companies with proven business models and strong opportunities for growth, either organically or through acquisition. Tailwind Capital was formed in 2003 and is based in New York, New York.

DEAL STATS #
Overall 30 of 33
Sector (Automotive) 1 of 1
Type (Recapitalization) 2 of 2
State (Washington) 2 of 2
Country (United States) 30 of 33
Year (2022) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-16 Stratix

Norcross, Georgia, United States

Stratix is a provider of outsourced Managed Mobile Service (MMS) solutions for many of the largest global brands within the retail, manufacturing, transportation and field service industries. Stratix has evolved from a data capture consulting services company to one of the largest national MMS providers with a comprehensive mobile service portfolio. The company leverages deep industry expertise, expansive service offerings and mobile specialization to provide consulting, deployment, software, 24x7 support and asset management services for the enterprise mobile workforce. Stratix was founded in 1983 and is based in Norcross, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-11 Ventiv Technology

Atlanta, Georgia, United States

Ventiv Technology is a software provider of Integrated Risk Management (“IRM”) solutions for enterprises and government entities. Its software platform enables enterprises to manage incidents and claims and evaluate, mitigate, and monitor risks with analytics, data-discovery, and reporting capabilities. Ventiv Technology. was founded in 1994 and is based in Atlanta, Illinois.

Sell -
Mergr

Product

Company

Legal