M&A Deal Summary

High Street Capital and Wells Fargo Acquire Tramec

On September 1, 2021, private equity firm High Street Capital and Wells Fargo acquired manufacturer Tramec

Acquisition Highlights
  • This is High Street Capital’s 3rd and Wells Fargo’s 1st transaction in the Manufacturing sector.
  • This is High Street Capital’s 22nd and Wells Fargo’s 23rd transaction in the United States.
  • This is High Street Capital’s 1st and Wells Fargo’s 1st transaction in Kansas.

M&A Deal Summary

Date 2021-09-01
Target Tramec
Sector Manufacturing
Buyer(s) High Street Capital
Wells Fargo
Deal Type Recapitalization

Target

Tramec

Shawnee, Kansas, United States
Tramec is a provider of a diverse range engineered components to the heavy-duty tractor and trailer OEM and aftermarket sales markets, along with the general industrial fastener market. The company’s product portfolio includes automatic brake adjusters, air brake connectors and fittings, brake hose assemblies, pressure release valves, electrical connectors and components, specialty fasteners, and a diverse range of truck and trailer components and accessories. Tramec was founded in 2008 and is based in Shawnee, Kansas.

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Buyer(S) 2

Buyer

High Street Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 165M USD
Size Small
Type Sector Agnostic
DESCRIPTION

High Street Capital is a private investment firm focused on acquiring lower middle-market businesses generating revenues $10-$100 million with an EBITDA up to $15 million. The Firm typically invests in recapitalizations, management buyouts and growth equity financings. Target sectors include business services, aerospace/defense, healthcare product manufacturers and suppliers, testing and analytical services, chemicals and coatings, specialty plastics, and test/measurement equipment manufacturers. High Street looks to commit $2 to $8 million of equity per transaction and will consider both control and non-control situations. High Street will not invest in retail businesses, restaurants, oil and gas, entertainment, commodities, turnarounds, or start-ups. High Street Capital was formed in 1997 and is based in Chicago, Illinois.


DEAL STATS #
Overall 22 of 26
Sector (Manufacturing) 3 of 5
Type (Recapitalization) 2 of 2
State (Kansas) 1 of 1
Country (United States) 22 of 26
Year (2021) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-24 BCD International

Buffalo Grove, Illinois, United States

BCD International provides mission-critical and purpose-built video surveillance data storage appliances to security integrators, private label/OEMs, and distributors. BCD International is based in Buffalo Grove, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-08 NeoSystems

Reston, Virginia, United States

NeoSystems is a full-service strategic outsourcer, IT systems integrator, and managed services provider to the government contractor market. NeoSystems was founded in 2003 and is based in Tysons Corner, Virginia.

Buy -
Buyer

Wells Fargo

San Francisco, California, United States

Category Company
Founded 1852
Sector Financial Services
Employees222,544
Revenue 82.6B USD (2023)
DESCRIPTION
Wells Fargo's corporate headquarters in downtown San Francisco, California.
Wells Fargo's corporate headquarters in downtown San Francisco, California.

Wells Fargo is a diversified financial services company that provides retail, commercial and corporate banking services through banking stores and offices, the internet and other distribution channels to individuals, businesses and institutions in all 50 US states, the District of Columbia and in other countries. Wells Fargo provides other financial services through subsidiaries engaged in various businesses, principally: wholesale banking, mortgage banking, consumer finance, equipment leasing, agricultural finance, commercial finance, securities brokerage and investment banking, insurance agency and brokerage services, computer and data processing services, trust services, investment advisory services, mortgage-backed securities servicing and venture capital investment. Wells Fargo was formed in 1852 and is based in San Francisco, California.


DEAL STATS #
Overall 23 of 23
Sector (Manufacturing) 1 of 1
Type (Recapitalization) 2 of 2
State (Kansas) 1 of 1
Country (United States) 23 of 23
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-23 Wells Fargo - Corporate Trust Services

San Francisco, California, United States

Wells Fargo's Corporate Trust Services provides a wide variety of trust and agency services in connection with debt securities issued by public and private corporations, government entities, and the banking and securities industries.

Sell $750M