M&A Deal Summary

Meritor Acquires AA Gear & Manufacturing

On April 30, 2018, Meritor acquired manufacturer AA Gear & Manufacturing

Acquisition Highlights
  • This is Meritor’s 1st transaction in the Manufacturing sector.
  • This is Meritor’s 5th transaction in the United States.
  • This is Meritor’s 2nd transaction in Michigan.

M&A Deal Summary
Date 2018-04-30
Target AA Gear & Manufacturing
Sector Manufacturing
Buyer(s) Meritor
Deal Type Add-on Acquisition

Target

AA Gear & Manufacturing

Howell, Michigan, United States
AA Gear & Manufacturing, Inc. is a manufacturer of low-to-medium volume batch manufacturing for complex gear and shaft applications, as well as quick-turnaround prototyping solutions and emergency plant support. AA Gear & Manufacturing was founded in 1970 and is based in Howell, Michigan.

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Buyer(S) 1

Buyer

Meritor

Troy, Michigan, United States
Category Company
Founded 1909
Sector Automotive
Employees8,600
Revenue 3.0B USD (2020)
DESCRIPTION
Meritor's corporate headquarters in Troy, Michigan.
Meritor's corporate headquarters in Troy, Michigan.

Meritor is a global supplier of a broad range of integrated systems, modules, and components to original equipment manufacturers and the aftermarket for the commercial vehicle, transportation, and industrial sectors. Meritor was formed in 1909 and is based in Troy, Michigan.

DEAL STATS #
Overall 9 of 11
Sector (Manufacturing) 1 of 2
Type (Add-on Acquisition) 7 of 8
State (Michigan) 2 of 2
Country (United States) 5 of 6
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-07 TransPower

Escondido, California, United States

Transportation Power, Inc. develops and provides clean vehicle and stationary energy storage technologies and products. TransPower manufactures a proprietary integrated electric drive system for large trucks, tractors, and school buses, which it sells to vehicle manufacturers and installs into vehicles on a turn-key basis. Transportation Power, Inc. was founded in 2010 and is based in Escondido, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-08 AxleTech International Holdings

Oshkosh, Wisconsin, United States

AxleTech is a manufacturer and supplier of axles, axle components, planetary axles, brakes, and aftermarket parts for commercial specialty trucks, military vehicles, and off-highway machines used in construction, material handling, forestry, mining, and agricultural markets.

Buy $175M
Mergr

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