M&A Deal Summary

J.B. Poindexter Acquires Reading Truck Group

On November 5, 2015, J.B. Poindexter acquired automotive company Reading Truck Group from LLR Partners

Acquisition Highlights
  • This is J.B. Poindexter’s 1st transaction in the Automotive sector.
  • This is J.B. Poindexter’s 1st transaction in the United States.
  • This is J.B. Poindexter’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2015-11-05
Target Reading Truck Group
Sector Automotive
Buyer(s) J.B. Poindexter
Sellers(s) LLR Partners
Deal Type Add-on Acquisition

Target

Reading Truck Group

Reading, Pennsylvania, United States
Reading Truck Group is a designer, engineer, manufacturer, and marketer of service/utility truck bodies, as well as other vocational truck bodies and related truck equipment.

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Buyer(S) 1

Buyer

J.B. Poindexter

Houston, Texas, United States
Category Company
Founded 1988
Sector Automotive
DESCRIPTION

J.B. Poindexter & Co., Inc. is a manufacturer of commercial truck and van bodies and step vans.

DEAL STATS #
Overall 1 of 1
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1

Seller(S) 1

SELLER

LLR Partners

Philadelphia, Pennsylvania, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 6.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

LLR is a private equity firm that makes growth capital, buyout, and recapitalization investments in mid-sized growth companies with sustainable competitive advantages. LLR looks to invest $30 to $150 million per transaction and will consider both control and minority situations. Target companies generally have at least $10 million in annual sales and are valued up to $250 million. Broad industry sectors of interest include general business services, financial services, healthcare services, education, manufacturing, consumer/retail and information technology/software. LLR will consider investments throughout the US with an emphasis on opportunities located in the Eastern and Mid-Atlantic regions of the US. LLR Partners was formed in 1999 and is based in Philadelphia, Pennsylvania.

DEAL STATS #
Overall 31 of 76
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 19 of 47
State (Pennsylvania) 12 of 20
Country (United States) 30 of 75
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-02 IO Education

Atlanta, Georgia, United States

IO Education LLC engages in the education technology industry for over 18 years, IO Education is on a mission to empower educators through data to improve educational outcomes. IO Education’s award-winning solutions are used in all 50 states by over 7,500 schools and 120,000 educators, supporting instruction for over 6,000,000 students. IO Education LLC was founded in 1997 and is headquartered in Atlanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 Medical Science & Computing

Rockville, Maryland, United States

Medical Science & Computing LLC is a scientific research and information technology company committed to long-term customer relationships by providing tailored, agile, diligent, cost-effective services to Federal Agencies. Medical Science & Computing is based in Rockville, Maryland.

Sell -
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