M&A Deal Summary

Industrial Opportunity Partners Acquires KIC

On December 17, 2013, private equity firm Industrial Opportunity Partners acquired automotive company KIC from Unarco

Acquisition Highlights
  • This is Industrial Opportunity Partners’ 6th transaction in the Automotive sector.
  • This is Industrial Opportunity Partners’ 13th transaction in the United States.
  • This is Industrial Opportunity Partners’ 2nd transaction in Washington.
Investment Fate
  • KIC was divested to a consortium of buyers in 2017.

M&A Deal Summary

Date 2013-12-17
Target KIC
Sector Automotive
Buyer(s) Industrial Opportunity Partners
Sellers(s) Unarco
Deal Type Divestiture

Target

KIC

Vancouver, Washington, United States
KIC LLC is a provider of wheel-end components for medium and heavy-duty trucks and trailers. KIC supplies brake drums, rotors, hub & drum assemblies, steel wheels and aluminum wheels to both original equipment manufacturers and aftermarket distributors. KIC designs and tests its own products and partners with contract manufacturers located throughout the world.

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Buyer(S) 1

Buyer

Industrial Opportunity Partners

Evanston, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

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 14 of 36
Sector: Automotive M&A 6 of 8
Type: Divestiture M&A Deals 2 of 5
State: Washington M&A 2 of 2
Country: United States M&A 13 of 34
Year: 2013 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-31 Betty Machine

Hendersonville, Tennessee, United States

Betty Machine is a manufacturer of close-tolerance parts primarily for automotive applications. Betty Machine is based in Hendersonville, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-05 E.B. Bradley

Vernon, California, United States

E.B. Bradley is a distributor of cabinet hardware, laminates and surfacing products, board products, edgebanding, and woodworking supplies, as well as a manufacturer of laminated panels, serving the commercial construction and residential renovation markets. E.B. Bradley was founded in 1929 and is based in Vernon, California.

Sell -

Seller(S) 1

SELLER

Unarco

Springfield, Tennessee, United States

Category Company
Sector Manufacturing
DESCRIPTION

UNARCO is a flexible Pallet Rack manufacturer in the material handling industry with the ability to produce an entire line of warehouse storage solutions including Carton Flow rack, Pallet Flow rack, Push Back rack, Drive In rack and as well as complicated Engineered Systems including Pick Modules and AS/RS Systems. Unarco is based in Springfield, Tennessee.


DEAL STATS #
Overall 1 of 1
Sector: Automotive M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Washington M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-11 KIC

Vancouver, Washington, United States

KIC LLC is a provider of wheel-end components for medium and heavy-duty trucks and trailers. KIC supplies brake drums, rotors, hub & drum assemblies, steel wheels and aluminum wheels to both original equipment manufacturers and aftermarket distributors. KIC designs and tests its own products and partners with contract manufacturers located throughout the world.

Buy -