Add-on Acquisition • Automotive

Hiruta Kogyo Acquires Crefact

On September 4, 2023, Hiruta Kogyo acquired automotive company Crefact from Endeavour Capital

Acquisition Context
  • This is Hiruta Kogyo’s 1st transaction in the Automotive sector.
  • This is Hiruta Kogyo’s 1st transaction in Japan.

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M&A Deal Summary

Date September 4, 2023
Target Crefact
Sector Automotive
Buyer(s) Hiruta Kogyo
Sellers(s) Endeavour Capital
Deal Type Add-on Acquisition

Target Company

Crefact

Japan
Crefact is a manufacturer of automotive exhaust systems, fuel tanks and other automotive body parts. Crefact has advanced manufacturing capabilities to meet stringent demands from the market on the purification of exhaust gases and noise reductions, as well as requirements from leading Japanese automotive OEMs. Crefact was founded in 1967 and is based in Japan.
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Buyer Overview 1

Buyer

Hiruta Kogyo

Okayama, Japan

Category Company
Founded 1948
Sector Automotive
DESCRIPTION

Hiruta Kogyo is a manufacturer of automotive parts and accessories. The Company develops, manufactures, and sells engine, transmission, and suspension parts for automobiles and industrial vehicles use, as well as air cleaners for bus and car use. Hiruta Kogyo was founded in 1948 and is based in Okayama, Japan.


Deal Context for Buyer #
Overall 1 of 1
Sector: Automotive 1 of 1
Type: Add-on Acquisition 1 of 1
Country: Japan 1 of 1
Year: 2023 1 of 1

Seller Profile 1

SELLER

Endeavour Capital

Portland, Oregon, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1991
PE ASSETS 925M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Endeavour Capital LLC is a private equity firm that targets service and manufacturing companies headquartered in the Western United States. Endeavour looks to invest with and an enterprise value of $25 -$250 million with an EBITDA of $5-$50 million. Prospective companies are generally profitable with at least $5 million of EBITDA. Supported investment situations include growth capital financings, industry consolidations, management acquisitions, recapitalizations, and ownership transfers. The firm invests in the range of $25-$150 million per transaction. Areas Endeavour will not invest include real estate and emerging technology. Endeavour Capital was formed in 1991 and is based in Portland, Oregon with additional offices in Seattle, Washington, and Los Angeles, California.


Deal Context for Seller #
Overall 30 of 36
Sector: Automotive 2 of 2
Type: Add-on Acquisition 14 of 16
Country: Japan 1 of 1
Year: 2023 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-19 Johnny Was

Los Angeles, California, United States

Johnny Was designs, markets, and sells “boho chic,” “vintage-inspired” women’s apparel and accessories in the U.S. and internationally through wholesale, retail, and e-commerce channels. Johnny Was was founded in 1987 and is based in Los Angeles, California.

Sell $270M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-23 Impact Fulfillment Services

Burlington, North Carolina, United States

Impact Fulfillment Services specializes in contract packaging, contract manufacturing, and warehousing for some of the largest and best-known consumer brands in the United States, primarily in the consumer packaged goods (CPG), retail, and healthcare industries. Impact Fulfillment Services is based in Burlington, North Carolina.

Sell -

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