Add-on Acquisition • Automotive

Phillips & Temro Acquires Wolverine Engine Heaters

On October 17, 2017, Phillips & Temro acquired automotive company Wolverine Engine Heaters

Acquisition Context
  • This is Phillips & Temro’s 3rd transaction in the Automotive sector.
  • This is Phillips & Temro’s 4th transaction in the United States.
  • This is Phillips & Temro’s 1st transaction in Washington.

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M&A Deal Summary

Date October 17, 2017
Target Wolverine Engine Heaters
Sector Automotive
Buyer(s) Phillips & Temro
Deal Type Add-on Acquisition

Target Company

Wolverine Engine Heaters

Union Gap, Washington, United States
Wolverine Engine Heaters is a provider of heaters for industrial hydraulic systems, commercial and personal vehicles and other markets. Wolverine Engine Heaters was established in 1993 and is based in Union Gap, Washington.
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Buyer Overview 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 Context for Buyer #
Overall 5 of 6
Sector: Automotive 3 of 3
Type: Add-on Acquisition 5 of 6
State: Washington 1 of 1
Country: United States 4 of 5
Year: 2017 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-08 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.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-19 EVoCharge

Los Angeles, California, United States

EVoCharge, Inc. is a North American original electric vehicle (EV) charging infrastructure provider with a focus on cable management solutions and charging station products. EVoCharge develops and manufactures Electric Vehicle Supply Equipment (EVSE) and its EVoReel cable management solutions.

Buy -