M&A Deal Summary

Longhouse Partners and TRP Capital Partners Acquire DTI

On June 1, 2021, private equity firms Longhouse Partners and TRP Capital Partners acquired engineering company DTI

Acquisition Highlights
  • This is Longhouse Partners’ 1st and TRP Capital Partners’ 1st transaction in the Engineering sector.
  • This is Longhouse Partners’ 3rd and TRP Capital Partners’ 17th transaction in the United States.
  • This is Longhouse Partners’ 2nd and TRP Capital Partners’ 5th transaction in Michigan.

M&A Deal Summary

Date 2021-06-01
Target DTI
Sector Engineering
Buyer(s) Longhouse Partners
TRP Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

DTI

Livonia, Michigan, United States
DTI provides engineering and program management services for OEM and Tier 1 automotive suppliers, focused primarily on tooling design and manufacturing. DTI was founded in 2004 and is based in Livonia, Michigan.

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Buyer(S) 2

DESCRIPTION

Longhouse Partners makes equity investments in companies with EBITDA at least $3 million. The Firm has a focus on service-oriented (business and consumer) and light manufacturing industries throughout the US and Canada. Longhouse Partners was formed in 2018 and is based in Detroit, Michigan.


DEAL STATS #
Overall 3 of 3
Sector: Engineering M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 3 of 3
State: Michigan M&A 2 of 2
Country: United States M&A 3 of 3
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-27 Express Flooring

Phoenix, Arizona, United States

Express Flooring provides flooring solutions for residential and commercial customers. In the residential sector, the Company focuses solely on the home remodeling market and serves its residential customers exclusively through in-home sales. Express Flooring was founded in 2004 and is based in Phoenix, Arizona.

Buy -
Buyer

TRP Capital Partners

Birmingham, Michigan, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

TRP Capital Partners is a private investment firm focused on opportunities within the transportation industry. Specific areas of interest include auto dealerships, education/training, outsourced services, niche manufacturing, environmental, and distribution/logistics. The Firm prefers to control situations and targets companies valued from $25 to $250 million. TRP Capital Partners was formed in 1997 and is based in Birmingham, Michigan.


DEAL STATS #
Overall 18 of 19
Sector: Engineering M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 5 of 6
State: Michigan M&A 5 of 5
Country: United States M&A 17 of 18
Year: 2021 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-21 CarLotz

Richmond, Virginia, United States

CarLotz is a used vehicle consignment and retail remarketing business that enables consumers and corporations to make the most money possible when selling their vehicles. CarLotz was founded in 2011 and is based in Richmond, Virginia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-18 Lifted Trucks

Phoenix, Arizona, United States

Lifted Trucks specializes in the sale of lifted and non-lifted gas and diesel trucks and carry the largest selection of custom trucks in the American southwest. Lifted Trucks was founded in 1995 and is based in Phoenix, Arizona.

Buy -