M&A Deal Summary

Synergy Power Group Acquires Team Fenex

On April 26, 2013, Synergy Power Group acquired automotive company Team Fenex from Leggett & Platt

Acquisition Highlights
  • This is Synergy Power Group’s 1st transaction in the Automotive sector.
  • This is Synergy Power Group’s 1st transaction in the United States.
  • This is Synergy Power Group’s 1st transaction in Illinois.

M&A Deal Summary

Date 2013-04-26
Target Team Fenex
Sector Automotive
Buyer(s) Synergy Power Group
Sellers(s) Leggett & Platt
Deal Type Divestiture

Target

Team Fenex

Sandoval, Illinois, United States
Team Fenex Ltd., provides a large variety of blowers, submersible pumps, and other accessories used in manhole support for underground utility companies and contractors.

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Buyer(S) 1

Buyer

Synergy Power Group

Sandoval, Illinois, United States

Category Company
Sector Automotive
DESCRIPTION

Synergy Power Group LLC, is a manufacturer of fiber optic mobile labs, manhole support trailers, standby power trailers, solar-powered arrowboard trailers, and 2- to 5-ton air conditioning trailers. Our company builds custom truck power equipment with air conditioning packages, for underground work, either installed by us or provided to regional truck equipment installers.


DEAL STATS #
Overall 1 of 1
Sector: Automotive M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2013 M&A 1 of 1

Seller(S) 1

SELLER

Leggett & Platt

Carthage, Missouri, United States

Category Company
Founded 1883
Sector Manufacturing
Employees17,700
Revenue 4.4B USD (2024)
DESCRIPTION
Entrance to Leggett & Platt's corporate headquarters in Carthage, Missouri.
Entrance to Leggett & Platt's corporate headquarters in Carthage, Missouri.

Leggett & Platt is a diversified manufacturer that conceives, designs and produces a wide range of engineered components and products found in many homes, offices, retail stores, automobiles and commercial aircraft. The Company's residential furnishing's segment supplies a variety of components used by bedding and upholstered furniture manufacturers in the assembly of their finished products. The Company's commercial fixtures and components group designs, produces, installs and manages our customers’ store fixtures projects as well as designs, manufactures, and distributes a wide range of engineered components and products primarily for the office seating market. The Company's industrial materials segment manufactures a variety of wires and tubing products. The Company's specialized product segment designs, produces and sells components for automotive seating, specialized machinery and equipment, and service van interiors. Leggett & Platt was formed in 1883 and is based in Carthage, Missouri.


DEAL STATS #
Overall 6 of 9
Sector: Automotive M&A 2 of 2
Type: Divestiture M&A Deals 6 of 9
State: Illinois M&A 1 of 2
Country: United States M&A 4 of 7
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-12 Western Pneumatic Tube Co.

Kirkland, Washington, United States

Western Pneumatic Tube Co. is a provider to the aerospace industry of integral components for critical aircraft systems.

Buy $188M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-31 Leggett & Platt - Store Fixtures Group

United States

Sell $62M