M&A Deal Summary

Oakland Standard Acquires InterClean Equipment

On September 9, 2016, private equity firm Oakland Standard acquired machinery company InterClean Equipment from Tammermatic

Acquisition Highlights
  • This is Oakland Standard’s 2nd transaction in the Machinery sector.
  • This is Oakland Standard’s 4th transaction in the United States.
  • This is Oakland Standard’s 3rd transaction in Michigan.

M&A Deal Summary
Date 2016-09-09
Target InterClean Equipment
Sector Machinery
Buyer(s) Oakland Standard
Sellers(s) Tammermatic
Deal Type Divestiture

Target

InterClean Equipment

Ypsilanti, Michigan, United States
InterClean Equipment is a designer, manufacturer, and commissioning heavy-duty bus, truck and train washing systems for transit, municipal, commercial fleet markets, food processing, as well as other, more specialized products for markets such as mining, aerospace, and military/defense. InterClean Equipment was founded in 1985 and is based in Ypsilanti, Michigan.

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Buyer(S) 1

Buyer

Oakland Standard

Investor Investor Investor Investor Investor

Category Private Equity Firm
Size Small
Type Sector Agnostic
DESCRIPTION

Oakland Standard Co. is a private equity firm focused on lower middle-market (sub $10 million of EBITDA) industrial companies in the US and Canada. Specific areas of interest include niche manufacturers, value-added distributors, machinery, automotive, and building products. Prospective transaction situations include family-owned companies, recapitalizations, consolidations, divestitures, and out-of-favor industries. Oakland Standard Co. is based in Birmingham, Michigan.

DEAL STATS #
Overall 4 of 7
Sector (Machinery) 2 of 2
Type (Divestiture) 1 of 1
State (Michigan) 3 of 6
Country (United States) 4 of 7
Year (2016) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-01 Oakland Automation

Livonia, Michigan, United States

Oakland Automation specializes in the design, installation and integration of robotic systems. The company is a licensed integrator of all major brands of robots including, ABB, Fanuc, Motoman, and Kawasaki.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-11 Clio Holdings

Birmingham, Michigan, United States

Clio Holdings LLC is a countertop supplier and fabricator, providing a broad range of materials to customers that require specialized services, such as homebuilders, professional remodelers and kitchen & bath dealers.

Buy -

Seller(S) 1

SELLER

Tammermatic

Pirkkala, Finland
Category Company
Founded 1966
Sector Machinery
Revenue 26M EUR (2024)
DESCRIPTION

Tammermatic is a global, high-tech company that manufactures vehicle wash systems for cars, heavy transport vehicles, buses, rail fleets and a variety of special equipment. Tammermatic was founded in 1966 and is based in Pirkkala, Finland.

DEAL STATS #
Overall 1 of 1
Sector (Machinery) 1 of 1
Type (Divestiture) 1 of 1
State (Michigan) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-01 InterClean Equipment

Ypsilanti, Michigan, United States

InterClean Equipment is a designer, manufacturer, and commissioning heavy-duty bus, truck and train washing systems for transit, municipal, commercial fleet markets, food processing, as well as other, more specialized products for markets such as mining, aerospace, and military/defense. InterClean Equipment was founded in 1985 and is based in Ypsilanti, Michigan.

Buy -
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