M&A Deal Summary

North River Capital and Tecum Capital Acquire Auburn Gear

On September 9, 2014, private equity firms North River Capital and Tecum Capital acquired automotive company Auburn Gear

Acquisition Highlights
  • This is North River Capital’s 3rd and Tecum Capital’s 1st transaction in the Automotive sector.
  • This is North River Capital’s 6th and Tecum Capital’s 25th transaction in the United States.
  • This is North River Capital’s 3rd and Tecum Capital’s 1st transaction in Indiana.

M&A Deal Summary

Date 2014-09-09
Target Auburn Gear
Sector Automotive
Buyer(s) North River Capital
Tecum Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Auburn Gear

Auburn, Indiana, United States
Auburn Gear is a designer and manufacturer of custom-engineered wheel drives, axle drive components, and specialty drives for mobile equipment applications and automobiles. Auburn Gear was founded in 1982 and is based in Auburn, Indiana.

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Buyer(S) 2

DESCRIPTION

North River Capital is a Midwest-US based private investment firm focused on acquiring majority interests in small to mid-sized companies. Sectors of interest include engineering, industrial manufacturing, building products, construction services, recycling technologies, and real estate. The Firm was formed in 2008 and is based in Fort Wayne, Indiana.


DEAL STATS #
Overall 6 of 7
Sector: Automotive M&A 3 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 2 of 3
State: Indiana M&A 3 of 4
Country: United States M&A 6 of 7
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-16 Arctic Fox

Delano, Minnesota, United States

Arctic Fox LLC is a manufacturer and supplier of proprietary fuel and fluid heating products. Including heating systems and related components primarily for original equipment manufacturers in the heavy truck, off-highway equipment, oil and gas, power sports and other industrial markets.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-09 Pro Systems

Churubusco, Indiana, United States

Pro Systems LLC designs and builds innovative and automated machines and Systems. Through cutting-edge design, professional project management, and its foundational philosophy provides consistent and ethical business practices, Pro Systems has carved out a unique niche within the automated machinery industry.

Buy -
Buyer

Tecum Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 750M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Tecum Capital is a private equity firm focused on lower middle-market companies across the Eastern-US. Tecum will consider a variety of investment situations including leveraged buyouts, management buyouts, successions, strategic acquisitions, growth capital financings, and recapitalizations. Investment sizes range from $5 - $20 million. Industries of interest include manufacturing, plastics, specialty distribution, technology, healthcare services, defense, food, and business/consumer services. Tecum will not consider investments in start-ups or real estate. Tecum Capital was formed in 2005 and is based in Wexford, Pennsylvania.


DEAL STATS #
Overall 25 of 83
Sector: Automotive M&A 1 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 9 of 29
State: Indiana M&A 1 of 4
Country: United States M&A 25 of 83
Year: 2014 M&A 7 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-13 DBi Services

Hazleton, Pennsylvania, United States

DBi Services provides infrastructure maintenance, operations and management solutions in North America and Europe for government agencies, utilities, private industries, railways, retailers and other infrastructure owners. DBi Services was founded in 1978 and is based in Hazleton, Pennsylvania.

Buy $35M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-07 Cox Transportation Services

Ashland, Virginia, United States

Cox Transportation Services provides freight hauling and brokerage services to customers in a diversified group of industries across the U.S. Cox Transportation Services specializes in transporting time-sensitive full truckload freight on a local, regional and national basis. Cox also operates a brokerage division that serves carriers and freight customers with logistics optimization services. Cox Transportation Services was founded in 1982 and is based in Ashland, Virginia.

Buy -