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M&A Deal Summary

North River Capital Acquires Wayne Manufacturing

On August 31, 2009, private equity firm North River Capital acquired automotive company Wayne Manufacturing from Wayne Tool & Design

Acquisition Highlights
  • This is North River Capital’s 1st transaction in the Automotive sector.
  • This is North River Capital’s 2nd transaction in the United States.
  • This is North River Capital’s 2nd transaction in Indiana.

M&A Deal Summary
Date 2009-08-31
Target Wayne Manufacturing
Sector Automotive
Buyer(s) North River Capital
Sellers(s) Wayne Tool & Design
Deal Type Divestiture
Advisor(s) Dresner Partners (Financial)

Target

Wayne Manufacturing

Laotto, Indiana, United States
Wayne Manufacturing designs and manufactures complex component products primarily for the transportation industry, but is increasing its penetration into other sectors. The company, originally founded as a tool and die shop in 1982, now has capabilities that include tool & die design & manufacturing, metal stamping and forming, robotic and resistance welding, complex assembly, and most recently, CNC machining.

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Buyer(S) 1

Buyer

North River Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2008
Size Small
Type Sector Agnostic
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 2 of 7
Sector: Automotive M&A 1 of 3
Type: Divestiture M&A Deals 1 of 1
State: Indiana M&A 2 of 4
Country: United States M&A 2 of 7
Year: 2009 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-05-15 T-E

Fort Wayne, Indiana, United States

T-E is a civil engineering and site development company that provides a full range of site related construction services including surveying, engineering, excavating, grading, paving, and utility installation to a broad base of customers within 150 miles of Fort Wayne.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-20 Coldwater Machine Company

Coldwater, Ohio, United States

Coldwater Machine Company LLC is a provider of innovative engineered solutions for manufacturing applications. The company designs and builds customized machines, dies, tools, fixtures, gauges, assemblies, and components. CMC serves a wide array of customers across a variety of industries, including aerospace, energy, appliance, automotive, beverage, medical, and defense.

Buy -

Seller(S) 1

SELLER

Wayne Tool & Design

Laotto, Indiana, United States
Category Company
Founded 1963
Sector Automotive
DESCRIPTION

Wayne Tool & Design, Inc. is a provider of automotive components in US.

DEAL STATS #
Overall 1 of 1
Sector: Automotive 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 1 of 1
Year: 2009 M&A 1 of 1
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