M&A Deal Summary

The Sterling Group and AL-KO Kober SE Acquire DexKo Global

On January 4, 2016, private equity firm The Sterling Group and AL-KO Kober SE acquired manufacturer DexKo Global

Acquisition Highlights
  • This is The Sterling Group’s 5th and AL-KO Kober SE’s 1st transaction in the Manufacturing sector.
  • This is The Sterling Group’s 22nd and AL-KO Kober SE’s 1st transaction in the United States.
  • This is The Sterling Group’s 1st and AL-KO Kober SE’s 1st transaction in Michigan.
Investment Fate
  • DexKo Global was sold to a consortium of buyers in 2017.
  • DexKo Global was sold to a publicly-traded strategic buyer in 2021 for 3.4B USD.

M&A Deal Summary

Date 2016-01-04
Target DexKo Global
Sector Manufacturing
Buyer(s) The Sterling Group
AL-KO Kober SE
Deal Type Consolidation

Target

DexKo Global

Novi, Michigan, United States
DexKo Global is a provider of highly engineered running gear technology, chassis assemblies, and related components with over 130 years of trailer and caravan componentry experience. DexKo Global was founded in 2015 and is based in Novi, Michigan.

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Buyer(S) 2

Buyer

The Sterling Group

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1982
PE ASSETS 9.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Sterling Group is a private equity firm focused on acquiring middle-market businesses within basic manufacturing, industrial services, and distribution. Sterling looks for companies valued from $100 to $1000 million with positive cash-flow, strong market positions, and potential to grow. Sterling avoids investments in financial services, real estate, healthcare, or information technology companies. The Sterling Group was formed in 1982 and is based in Houston, Texas.


DEAL STATS #
Overall 25 of 54
Sector: Manufacturing M&A 5 of 5
Type: Consolidation M&A Deals 2 of 9
State: Michigan M&A 1 of 1
Country: United States M&A 22 of 51
Year: 2016 M&A 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-04 Dexter Axle Co.

Elkhart, Indiana, United States

Dexter Axle Co., Inc. is a designer and manufacturer of trailer axle, brake and suspension assemblies and related replacement parts used primarily in the industrial and utility trailer.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-01 DYK Automotive

Medina, Minnesota, United States

DYK Automotive LLC is an automotive aftermarket distributor.

Sell -
Buyer

AL-KO Kober SE

Kotz, Germany

Category Company
Founded 1931
Sector Automotive
DESCRIPTION

AL-KO Kober SE is a manufacturer of automotive components and accessories.


DEAL STATS #
Overall 1 of 1
Sector: Manufacturing M&A 1 of 1
Type: Consolidation M&A Deals 1 of 1
State: Michigan M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-04 AL-KO Vehicle Technology

Kotz, Germany

AL-KO Vehicle Technology is a designer and manufacturer of trailer axles, trailer and caravan components, chassis and motorized chassis.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-30 DexKo Global

Novi, Michigan, United States

DexKo Global is a provider of highly engineered running gear technology, chassis assemblies, and related components with over 130 years of trailer and caravan componentry experience. DexKo Global was founded in 2015 and is based in Novi, Michigan.

Sell -