M&A Deal Summary

Phillips & Temro Acquires Arctic Fox

On October 16, 2013, Phillips & Temro acquired automotive company Arctic Fox from North River Capital

Acquisition Highlights
  • This is Phillips & Temro’s 1st transaction in the Automotive sector.
  • This is Phillips & Temro’s 1st transaction in the United States.
  • This is Phillips & Temro’s 1st transaction in Minnesota.

M&A Deal Summary

Date 2013-10-16
Target Arctic Fox
Sector Automotive
Buyer(s) Phillips & Temro
Sellers(s) North River Capital
Deal Type Add-on Acquisition

Target

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.

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Buyer(S) 1

Buyer

Phillips & Temro

Eden Prairie, Minnesota, United States

Category Company
Founded 1920
Sector Automotive
DESCRIPTION

Phillips & Temro is a supplier of highly engineered diesel and gasoline engine components with an emerging presence in electric and hybrid electric vehicle platforms. Phillips & Temro was founded in 1920 and is based in Eden Prairie, Minnesota.


DEAL STATS #
Overall 2 of 6
Sector (Automotive) 1 of 3
Type (Add-on Acquisition) 2 of 6
State (Minnesota) 1 of 1
Country (United States) 1 of 5
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-10 Truflo Air Movement

Tipton, United Kingdom

Truflo Air Movement Ltd. is a manufacturer of engine cooling fans for the heavy duty off-road vehicle market. Truflo’s high-precision fans are critical for providing cooled air to a variety of industrial applications, including to engines used in machinery or vehicles in the construction and power-generation industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-14 Miratech

Tulsa, Oklahoma, United States

MIRATECH is a provider of cost-effective, reliable, and mission critical emission and acoustical solutions for stationary natural gas and diesel reciprocating engines. Its reputation is associated with a customer centric consulting approach, advanced engineering expertise, extensive industry knowledge, project management, responsiveness, and quality products. These attributes have enabled MIRATECH to be highly adaptable, and thus, able to accommodate both small (HP < 300) and large stationary engine applications (up to 14,000 horsepower). Miratech was founded in 1992 and is based in Tulsa, Oklahoma.

Buy -

Seller(S) 1

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 1 of 3
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 1 of 3
State (Minnesota) 1 of 1
Country (United States) 1 of 3
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-26 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-09 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.

Buy -