M&A Deal Summary

Transtar Industries Acquires ETX

On March 3, 2014, Transtar Industries acquired machinery company ETX from The Edgewater Funds

Acquisition Highlights
  • This is Transtar Industries’ 1st transaction in the Machinery sector.
  • This is Transtar Industries’ 3rd transaction in the United States.
  • This is Transtar Industries’ 1st transaction in Michigan.

M&A Deal Summary

Date 2014-03-03
Target ETX
Sector Machinery
Buyer(s) Transtar Industries
Sellers(s) The Edgewater Funds
Deal Type Add-on Acquisition

Target

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.

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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 3 of 3
Sector: Machinery M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 3
State: Michigan M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-01 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.

Buy -

Seller(S) 1

SELLER

The Edgewater Funds

Chicago, Illinois, United States

Category Private Equity Firm
Founded 1991
PE ASSETS 2.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

The Edgewater Funds is a private equity firm that targets investments in profitable, middle-market growth companies. Target companies typically have revenues of $20 to $500 million in revenue and EBITDA of $5 to $30 million. The Firm will consider minority and control investments in the form of growth capital financings and traditional buyouts. Edgewater looks for North American businesses operating in a variety of industries. Sectors of interest include business services; financial and government services; consumer products and services; healthcare; IT services and software; and industrial/manufacturing. Edgewater was formed in 1991 and is based in Chicago, Illinois.


DEAL STATS #
Overall 21 of 43
Sector: Machinery M&A 2 of 2
Type: Add-on Acquisition M&A Deals 10 of 19
State: Michigan M&A 2 of 2
Country: United States M&A 20 of 42
Year: 2014 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-29 Priority Express Courier

Boothwyn, Pennsylvania, United States

Priority Express Courier, Inc. is a provider of same-day express delivery services to laboratories, health systems, and multiple other high-touch industries. Priority Express serves a variety of customers out of its 5 distribution facilities in the northeast and mid-Atlantic regions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-05 Amptek

Bedford, Massachusetts, United States

Amptek, Inc. is a provider in the design and manufacture of state-of-the-art nuclear instrumentation for the satellite, x-ray and gamma ray detection, laboratory, analytical, and portable instrumentation industries.

Sell -