M&A Deal Summary

HBD Industries Acquires True Position Technologies

On November 29, 2017, HBD Industries acquired machinery company True Position Technologies from Pacific Growth Investors

Acquisition Highlights
  • This is HBD Industries’ 1st transaction in the Machinery sector.
  • This is HBD Industries’ 4th transaction in the United States.
  • This is HBD Industries’ 3rd transaction in California.

M&A Deal Summary

Date 2017-11-29
Target True Position Technologies
Sector Machinery
Buyer(s) HBD Industries
Sellers(s) Pacific Growth Investors
Deal Type Add-on Acquisition
Advisor(s) Houlihan Lokey (Financial)
Jeffer Mangels Butler & Mitchell (Legal)

Target

True Position Technologies

Valencia, California, United States
True Position Technologies LLC is a provider of complex machined components for flight control applications. True Position specializes in manufacturing high specification components that require multiple machining, testing and finishing processes all within extremely tight tolerances. True Position Technologies LLC is based in Valencia, California.

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Buyer(S) 1

Buyer

HBD Industries

Dublin, United States

Category Company
Founded 1930
Sector Machinery
DESCRIPTION

HBD Industries, Inc. (Dublin, OH) is a manufacturer of industrial products sold to top distributors, OEMs and end users around the world.


DEAL STATS #
Overall 4 of 4
Sector: Machinery M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 3
State: California M&A 3 of 3
Country: United States M&A 4 of 4
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-09 Precision Metal Products

El Cajon, California, United States

Precision Metal Products, Inc. (PMP) is the largest privately owned high-velocity forging company.

Buy -

Seller(S) 1

DESCRIPTION

Pacific Growth Investors is a private equity firm focused on structured growth equity investments in entrepreneurially owned, lower middl-market businesses. The Firm has a particular interest in businesses with complex manufacturing processes or differentiated products and services. Specific areas of interest include aviation, aerospace, industrial equipment, medical devices, medical diagnostics, build materials, and chemicals. Pacific Growth Investors was formed in 2016 and is headquartered in Torrance, California.


DEAL STATS #
Overall 1 of 1
Sector: Machinery M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 Lubricating Specialties Co.

Pico Rivera, California, United States

Lubricating Specialties Co., Inc. is a manufacturer of lubricating oils and greases, blending and packaging of lubricant oils for auto, truck, and marine applications, manufacturing specialty greases and other lubricants for niche industrial purposes and providing bulk storage and blending of petroleum additives and related products. Lubricating Specialties Co. was founded in 1928 and is based in Pico Rivera, California.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-16 Originate

Los Angeles, California, United States

Originate designs builds and scales transformative technology products. Company partner with large enterprises to build revolutionary new products and reimagine legacy systems, and with high growth startups to help them accelerate their vision and create competitive advantage. Originate was founded in 2007 and is based in Los Angeles, California.

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