M&A Deal Summary |
|
|---|---|
| Date | 2018-07-11 |
| Target | Betty Machine |
| Sector | Automotive |
| Buyer(s) | GT Technologies |
| Sellers(s) | Industrial Opportunity Partners |
| Deal Type | Merger |
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GT Technologies is a provider of custom-engineered gasoline and diesel engine valvetrain actuation components and assemblies to the global automotive, heavy-duty truck, and off-road vehicle industries. The Company's products include rollers, roller finger followers (RFFs), hydraulic lash adjusters (HLAs), stamped rocker arms, roller tappets, and valvetrain actuation assemblies. GT Technologies was founded in 1905 and is headquartered in Westland, Michigan. with manufacturing and assembly operations in Toledo and Defiance, Ohio, Tallahassee, Fla. and Curitiba, Brazil, and a prototype center in Millbury, Ohio.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Automotive) | 1 of 1 |
| Type (Merger) | 1 of 1 |
| State (Tennessee) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2018) | 1 of 1 |
| Category | Private Equity Firm |
|---|---|
| Founded | 2005 |
| PE ASSETS | 1.5B USD |
| Size | Large |
| Type | Sector Agnostic |
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 | 13 of 22 |
| Sector (Automotive) | 5 of 6 |
| Type (Merger) | 1 of 1 |
| State (Tennessee) | 1 of 1 |
| Country (United States) | 12 of 20 |
| Year (2018) | 3 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-05-22 |
Toledo Molding & Die
Toledo, Ohio, United States Toledo Molding & Die, Inc. is a full-service automotive supplier that designs, develops and manufactures highly engineered molded thermoplastic components and assemblies such as interior cockpit modules and air and fluid management products. |
Sell | $271M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-08-15 |
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. |
Sell | - |
