M&A Deal Summary

Nelson Global Products Acquires Tru-Flex

On September 24, 2021, Nelson Global Products acquired manufacturer Tru-Flex from HBM Holdings

Acquisition Highlights
  • This is Nelson Global Products’ 1st transaction in the Manufacturing sector.
  • This is Nelson Global Products’ 6th transaction in the United States.
  • This is Nelson Global Products’ 2nd transaction in Indiana.

M&A Deal Summary

Date 2021-09-24
Target Tru-Flex
Sector Manufacturing
Buyer(s) Nelson Global Products
Sellers(s) HBM Holdings
Deal Type Divestiture

Target

Tru-Flex

Indianapolis, Indiana, United States
Tru-Flex is a manufacturer and marketer of flexible metal hose products used for three primary markets patented components for on-road and off-road EPA compliant exhaust systems, tubing, and related products for natural gas transmission within residential housing and metal hose for general industrial applications. Tru-Flex was founded in 1962 and is based in Indianapolis, Indiana.

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Buyer(S) 1

Buyer

Nelson Global Products

Stoughton, Wisconsin, United States

Category Company
Founded 1939
Sector Automotive
DESCRIPTION

Nelson Global Products is a designer, manufacturer, and marketer of fabricated high performance OEM and aftermarket products for the global commercial vehicle, on-highway and off-highway markets and the outdoor recreational vehicle and power sports markets. Nelson Global Products was founded in 1939 and is based in Stoughton, Wisconsin.


DEAL STATS #
Overall 7 of 7
Sector: Manufacturing M&A 1 of 1
Type: Divestiture M&A Deals 3 of 3
State: Indiana M&A 2 of 2
Country: United States M&A 6 of 6
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-04 Commercial Tube Processing

Indianapolis, Indiana, United States

Commercial Tube Processing is a manufacturer of complex, high-performance tube assemblies, metal fabrications, and precision weldments for OEMs in a diverse set of end markets including on-highway, off-highway, construction, and military durable equipment. Commercial Tube Processing was founded in 1974 and is based in Indianapolis, Indiana.

Buy -

Seller(S) 1

SELLER
DESCRIPTION

HBM Holdings is a Midwest US-based investment group focused on acquiring majority stakes in 'product-centric companies. HBM seeks opportunities across North America and will consider businesses generating $20 to $50 million of EBITDA and valued up to $200 million. Sectors of interest include industrial, energy, vitamins/minerals/supplements, mining, medical manufacturing, environmental, food ingredients, and water. HBM Holdings was formed in 2012 and is based in St. Louis, Missouri.


DEAL STATS #
Overall 2 of 3
Sector: Manufacturing M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Indiana M&A 1 of 1
Country: United States M&A 2 of 3
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-02 HarperLove

Charlotte, North Carolina, United States

HarperLove is a provider of performance additives, specialty adhesives, and wet-strength resins to the corrugated packaging industry. HarperLove was founded in 1978 and is based in Charlotte, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-13 Control Devices

Fenton, Missouri, United States

Control Devices is a designer and manufacturer of engineered flow control solutions in the gas, air, and liquid markets. Control Devices offers customized and standard valves, condensate traps, refrigerant distributors, and other products that serve as critical components in end-product applications, including medical systems, air compressors, fire suppression systems, and specialty gas HVACR, and heavy truck braking systems. Control Devices was founded in 1963 and is headquartered in Fenton, Missouri.

Buy -