M&A Deal Summary

KPS Capital Partners Acquires DexKo Global

On May 30, 2017, private equity firm KPS Capital Partners acquired manufacturer DexKo Global from The Sterling Group and AL-KO Kober SE

Acquisition Highlights
  • This is KPS Capital Partners’ 5th transaction in the Manufacturing sector.
  • This is KPS Capital Partners’ 26th transaction in the United States.
  • This is KPS Capital Partners’ 3rd transaction in Michigan.
Investment Fate
  • DexKo Global was sold to a publicly-traded strategic buyer in 2021 for 3.4B USD.

M&A Deal Summary

Date 2017-05-30
Target DexKo Global
Sector Manufacturing
Buyer(s) KPS Capital Partners
Sellers(s) The Sterling Group
AL-KO Kober SE
Deal Type Secondary Buyout

Target

DexKo Global

Novi, Michigan, United States
DexKo Global is a provider of highly engineered running gear technology, chassis assemblies, and related components with over 130 years of trailer and caravan componentry experience. DexKo Global was founded in 2015 and is based in Novi, Michigan.

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Buyer(S) 1

Buyer

KPS Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1991
PE ASSETS 21.8B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

KPS Capital Partners is a private investment firm that targets special situations including turnarounds, restructurings, bankruptcies, and corporate divestitures. KPS' target investment size is $200 million to $2 billion in businesses with minimum revenues of $250 million. The Firm has specific interest in companies engaged in the manufacturing, transportation, and service industries. KPS will not consider investments in high technology, financial services, telecommunications, broadcast media, real estate and natural resources. The Firm's geographic coverage spans the US, Canada, and Europe. KPS Capital Partners was formed in 1991 and is based in New York, New York.


DEAL STATS #
Overall 31 of 55
Sector: Manufacturing M&A 5 of 9
Type: Secondary Buyout M&A Deals 4 of 9
State: Michigan M&A 3 of 4
Country: United States M&A 26 of 41
Year: 2017 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-10 TaylorMade

Carlsbad, California, United States

TaylorMade is a manufacturer of high-performance golf equipment, golf balls, and accessories with industry-leading innovative products like SIM2 metalwoods, SIM2 irons, P Series irons, TP5/TP5X golf balls, and Spider putters. A major force across the world's professional tours, TaylorMade has an unrivaled athlete portfolio that includes Tiger Woods, Dustin Johnson, Rory McIlroy, Tommy Fleetwood, Collin Morikawa, Rickie Fowler, Matthew Wolff, Sung Hyun Park, Charley Hull, Maria Fassi, and Sierra Brooks. TaylorMade was formed in 1979 and is based in Carlsbad, California.

Buy $425M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-22 C&D Technologies

Horsham, Pennsylvania, United States

C&D Technologies manufactures, engineers, supplies and services fully integrated reserve power systems for regulating and monitoring power flow and providing backup power. The Company is a global leader in solutions and services for the utility, telecommunications, uninterruptible power supply, cable, broadband and renewable energy markets. C&D consistently creates innovative products and processes that improve performance and increase long term value for its customers. C&D Technologies was founded in 1906 and is based in Horsham, Pennsylvania.

Buy -

Seller(S) 2

SELLER

The Sterling Group

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1982
PE ASSETS 9.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Sterling Group is a private equity firm focused on acquiring middle-market businesses within basic manufacturing, industrial services, and distribution. Sterling looks for companies valued from $100 to $1000 million with positive cash-flow, strong market positions, and potential to grow. Sterling avoids investments in financial services, real estate, healthcare, or information technology companies. The Sterling Group was formed in 1982 and is based in Houston, Texas.


DEAL STATS #
Overall 22 of 36
Sector: Manufacturing M&A 3 of 5
Type: Secondary Buyout M&A Deals 9 of 18
State: Michigan M&A 1 of 1
Country: United States M&A 19 of 33
Year: 2017 M&A 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-03 Border Construction Specialties

Phoenix, Arizona, United States

Border Construction Specialties LLC is a distributor of specialty construction products to a diverse customer base of contractors.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-12 CST Industries

Kansas City, Kansas, United States

CST Industries is a manufacturer and erector of factory coated metal storage tanks. CST's product offering includes bolted and factory welded tanks for use in a wide variety of applications, aluminum geodesic domes, and agricultural feed and waste storage systems. CST Industries was established in 1893 and is based in Kansas City.

Sell -
SELLER

AL-KO Kober SE

Kotz, Germany

Category Company
Founded 1931
Sector Automotive
DESCRIPTION

AL-KO Kober SE is a manufacturer of automotive components and accessories.


DEAL STATS #
Overall 2 of 2
Sector: Manufacturing M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
State: Michigan 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
2016-01-04 AL-KO Vehicle Technology

Kotz, Germany

AL-KO Vehicle Technology is a designer and manufacturer of trailer axles, trailer and caravan components, chassis and motorized chassis.

Sell -