M&A Deal Summary

Pangeo Acquires Porter Group

On June 1, 2014, Pangeo acquired automotive company Porter Group

Acquisition Highlights
  • This is Pangeo’s 1st transaction in the Automotive sector.
  • This is Pangeo’s 1st transaction in the United States.
  • This is Pangeo’s 1st transaction in Michigan.

M&A Deal Summary

Date 2014-06-01
Target Porter Group
Sector Automotive
Buyer(s) Pangeo
Deal Type Add-on Acquisition
Advisor(s) Donnelly Penman & Partners (Financial)
Bingham McCutchen LLP (Legal)

Target

Porter Group

Novi, Michigan, United States
Porter Group LLC provides design, development, engineering and assembly of innovative seating solutions for the automotive, heavy truck and other industrial markets.

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Buyer(S) 1

Buyer

Pangeo

Maidstone, Ontario, Canada

Category Company
Founded 1993
Sector Distribution
DESCRIPTION

Pangeo Corp. is a supplier of components, assemblies, and mechanisms to the automotive and other industrial markets.


DEAL STATS #
Overall 1 of 1
Sector: Automotive M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Michigan M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2014 M&A 1 of 1