M&A Deal Summary

Meritor Acquires Fabco

On September 5, 2017, Meritor acquired automotive company Fabco from Wynnchurch Capital, Stone River Capital Partners and Monroe Capital

Acquisition Highlights
  • This is Meritor’s 6th transaction in the Automotive sector.
  • This is Meritor’s 3rd transaction in the United States.
  • This is Meritor’s 1st transaction in California.

M&A Deal Summary

Date 2017-09-05
Target Fabco
Sector Automotive
Buyer(s) Meritor
Sellers(s) Wynnchurch Capital
Stone River Capital Partners
Monroe Capital
Deal Type Add-on Acquisition

Target

Fabco

Livermore, California, United States
Fabco is a provider of highly engineered, specialty gearbox, axle, and transfer case products for all-wheel drive, medium, and heavy-duty vehicles used in severe service applications. Fabco was founded in 1918 and is based in Livermore, California.

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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 7 of 11
Sector: Automotive M&A 6 of 7
Type: Add-on Acquisition M&A Deals 5 of 8
State: California M&A 1 of 2
Country: United States M&A 3 of 6
Year: 2017 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-29 Mascot Industries

Mississauga, Ontario, Canada

Mascot Truck Parts Ltd is a remanufacturer of transmissions, drive axle carriers, steering gears and drivelines, based in Mississauga, Ontario, Canada.

Sell -
FOLLOWING 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 -

Seller(S) 3

SELLER

Wynnchurch Capital

Rosemont, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 9.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Wynnchurch Capital is a private equity firm focused on middle-market company investments in the US and Canada. Wynnchurch looks to commit $50 to $750 million of equity per platform. Sectors of interest include manufacturing, business services, logistics, energy and power services, and value-added distribution. Prospective transaction types include management buyouts, recapitalizations, corporate carve-outs, restructurings, turnarounds and growth capital situations. Wynnchurch Capital was formed in 1999 and is based in Rosemont, Illinois.


DEAL STATS #
Overall 17 of 39
Sector: Automotive M&A 6 of 7
Type: Add-on Acquisition M&A Deals 7 of 14
State: California M&A 1 of 1
Country: United States M&A 15 of 32
Year: 2017 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-08 KYOCERA SENCO Industrial Tools

Cincinnati, Ohio, United States

KYOCERA SENCO Industrial Tools, Inc. is a designer, manufacturer and marketer of branded fastening tools and collated staples, nails and screws. KYOCERA SENCO Industrial Tools was founded in 1948 and is based in Cincinnati, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-02 A2 Global

St. Petersburg, Florida, United States

A2 Global is an electronic component distributor, supplying a broad array of products for use in higher value-add applications across diversified end-markets including industrial controls and sensors, medical devices, data networks, internet-connected products and material handling/transportation equipment. A2 Global was founded in 1989 and is based in St. Petersburg, Florida.

Buy -
SELLER

Stone River Capital Partners

Birmingham, Michigan, United States

Category Private Equity Firm
Founded 2009
Size Small
Type Sector Agnostic
DESCRIPTION

Stone River Capital Partners is a private investment firm focused on acquisitions of mid-sized businesses throughout the US with $10 to $100 million in revenue. The Firm targets companies with positive cash flows, differentiated products/services, strong management, and opportunities for growth or increased productivity. Prospective transaction types include buyouts, recapitalizations, growth equity financings, divestitures, and consolidations. Stone River Capital Partners is based in Birmingham, Michigan.


DEAL STATS #
Overall 1 of 1
Sector: Automotive M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: California 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
2012-02-16 Burtek Enterprises

Chesterfield, Michigan, United States

Burtek Enterprises is a provider in the design, production, testing and integration of complex systems and applications for mobile military ground vehicles, radar platforms and other defense systems for the Department of Defense and leading prime contractors. Burtek Enterprises was formed in 1987 and is based in Chesterfield, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-29 Unisorb Installation Technologies

Michigan Center, Michigan, United States

Unisorb Installation Technologies is a provider of highly-engineered products that are mission-critical for the optimum performance and useful life of machinery installation systems. The company's products anchor, align, level, or isolate equipment and machinery from vibrations. Unisorb Installation Technologies was formed in 1935 and is based in Michigan Center, Michigan.

Buy -
SELLER

Monroe Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Lender
Founded 2004
PE ASSETS 14.1B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Monroe Capital is a provider of senior and junior debt and equity co-investments to middle-market companies in the US and Canada. Investment types include unitranche financings, cash flow and enterprise value based loans, asset based loans, acquisition facilities, mezzanine debt, second lien or last-out loans and equity co-investments. Monroe Capital is a generalist investor and will consider companies in the healthcare, technology, media, retail, consumer sectors. Monroe Capital was formed in 2004 and is based in Chicago, Illinois.


DEAL STATS #
Overall 22 of 55
Sector: Automotive M&A 2 of 3
Type: Add-on Acquisition M&A Deals 12 of 29
State: California M&A 3 of 8
Country: United States M&A 22 of 54
Year: 2017 M&A 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-08 Cyalume

West Springfield, Massachusetts, United States

Cyalume is a designer, developer, and producer of extremely reliable chemical and electronic lights for safety and security applications. Cyalume’s products provide sources of light in emergency situations and for general safety purposes. Cyalume was founded in 1997 and is based in West Springfield, Massachusetts.

Sell $45M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-11 BCC Software

Rochester, New York, United States

BCC Software LLC is a provider of software and data solutions designed to enhance direct mail processing and facilitate efficient, cost-effective multi-channel marketing. The company provides USPS®-certified mail preparation software with integrated functionality to correct address data, perform matching and consolidation, and to sequence mailing lists for postal discounts, through on-premise, cloud-based and API solutions. BCC Software was founded in 1978 and is based in Rochester, New York.

Sell -