M&A Deal Summary

Transtar Industries Acquires Axiom Automotive Technologies

On April 1, 2007, Transtar Industries acquired automotive company Axiom Automotive Technologies from The Riverside Company

Acquisition Highlights
  • This is Transtar Industries’ 1st transaction in the Automotive sector.
  • This is Transtar Industries’ 2nd transaction in the United States.
  • This is Transtar Industries’ 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2007-04-01
Target Axiom Automotive Technologies
Sector Automotive
Buyer(s) Transtar Industries
Sellers(s) The Riverside Company
Deal Type Add-on Acquisition

Target

Axiom Automotive Technologies

Pittsburgh, Pennsylvania, United States
Axiom is the largest distributor of aftermarket transmission repair parts in the U.S., providing post-warranty transmission parts to repair shops nationwide. The company also re-manufactures and distributes torque converters and other hard parts.

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Buyer(S) 1

Buyer

Transtar Industries

Cleveland, Ohio, United States
Category Company
Founded 1975
Sector Automotive
DESCRIPTION

Transtar Industries is a distributor and remanufacturer of automotive aftermarket transmission repair parts and manufacturers of automotive refinishing products. Transtar Industries was founded in 1975 and is based in Cleveland, Ohio.

DEAL STATS #
Overall 2 of 3
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 2 of 3
State (Pennsylvania) 1 of 1
Country (United States) 2 of 3
Year (2007) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-04 APD Transmission Parts

Atlanta, Georgia, United States

APD Transmission Parts, Inc. is a distributor of transmission parts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-03 ETX

Alma, Michigan, United States

ETX, Inc. is a manufacturer and distributor of remanufactured torque converters and transmissions, air conditioning components, and other automotive parts.

Buy -

Seller(S) 1

SELLER

The Riverside Company

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1988
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Riverside Company is a global private equity firm that seeks investments in profitable lower middle-market companies valued under $400 million. Riverside looks to invest in growth businesses headquartered in North America, Europe, and Asia (primarily Japan and South Korea), that have been in operation for at least five years. Riverside targets investments in a wide array of industries including distribution, automotive, healthcare, education, manufacturing, software, consumer services, plastics, publishing, food, communications, marine, and business services. Riverside was formed in 1988 and is based in New York City.

DEAL STATS #
Overall 20 of 191
Sector (Automotive) 2 of 4
Type (Add-on Acquisition) 11 of 82
State (Pennsylvania) 2 of 5
Country (United States) 15 of 133
Year (2007) 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-01 MSI

Plain City, Ohio, United States

MSI is a proponent of quality literature and the parent company of three different businesses each focused on promoting and selling juvenile books, The Junior Library Guild, Darby Creek Publishing and The Reading Circle. MSI is based in Plain City, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-01 WorkPlace Media

Mentor, Ohio, United States

WorkPlace Media is a direct marketer that provides permission-based media to at-work consumers, enabling advertisers to develop targeted marketing campaigns. The Company?s Host Employer Network is a database of over 900,000 companies in the U.S., with access to more than 70 million employees. WorkPlace Media has created campaigns for over 100 national brands including McDonald?s, M&M/Mars, Blimpie, Kmart, LensCrafters, and Applebee?s.

Buy -
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