M&A Deal Summary

The Cranemere Group Acquires Velocity Vehicle Group

On July 1, 2019, private equity firm The Cranemere Group acquired automotive company Velocity Vehicle Group

Acquisition Highlights
  • This is The Cranemere Group’s 1st transaction in the Automotive sector.
  • This is The Cranemere Group’s 4th transaction in the United States.
  • This is The Cranemere Group’s 3rd transaction in California.

M&A Deal Summary
Date 2019-07-01
Target Velocity Vehicle Group
Sector Automotive
Buyer(s) The Cranemere Group
Deal Type Recapitalization

Target

Velocity Vehicle Group

Whittier, California, United States
Velocity Vehicle Group is a seller of commercial vehicles and also offers to lease, financing through its velocity truck rental, and subsidiary companies. Velocity Vehicle Group was founded in 1998 and is based in Whittier, California.

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Buyer(S) 1

Buyer

The Cranemere Group

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2014
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

The Cranmere Group is a private investment firm focused on middle-market company acquisitions in Western Europe and the US. The Firm was formed in 2014 and is based in London.

DEAL STATS #
Overall 6 of 10
Sector (Automotive) 1 of 1
Type (Recapitalization) 2 of 2
State (California) 3 of 4
Country (United States) 4 of 8
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-01 Crossroads Equipment Lease & Finance

Rancho Cucamonga, California, United States

Crossroads Equipment Lease & Finance is an equipment finance provider focused on small and medium-sized businesses in California and across the United States. Crossroads Equipment Lease & Finance was founded in 2006 and is based in Rancho Cucamonga, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-01 Arietis Heath

Fort Myers, Florida, United States

Arietis Heath is a healthcare revenue cycle management company specializing in tailored revenue cycle solutions. Arietis Heath is based in Fort Myers, Florida.

Buy -
Mergr

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