M&A Deal Summary

TRM Equity Acquires NRE

On May 3, 2023, distressed investor TRM Equity acquired automotive company NRE from Advantage Capital Partners

Acquisition Highlights
  • This is TRM Equity’s 1st transaction in the Automotive sector.
  • This is TRM Equity’s 5th transaction in the United States.
  • This is TRM Equity’s 1st transaction in Illinois.

M&A Deal Summary

Date 2023-05-03
Target NRE
Sector Automotive
Buyer(s) TRM Equity
Sellers(s) Advantage Capital Partners
Deal Type Secondary Buyout

Target

NRE

Mount Vernon, Illinois, United States
NRE is a provider of remanufactured locomotives for sale or lease, third-party locomotive and marine engine overhaul and maintenance services, and locomotive parts and components. NRE was founded in 1984 and is based in Mount Vernon, Illinois.

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Buyer(S) 1

DESCRIPTION

TRM Equity is a distressed investor focused on special situation opportunities in the manufacturing sector. The Firm was formed in 2019 and is headquartered in Ann Arbor, Michigan.


DEAL STATS #
Overall 5 of 5
Sector: Automotive M&A 1 of 1
Type: Secondary Buyout M&A Deals 4 of 4
State: Illinois M&A 1 of 1
Country: United States M&A 5 of 5
Year: 2023 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-02 Gamma Aerospace

Mansfield, Texas, United States

Gamma Aerospace is a manufacturer of engineered airframe and flight components for leading original equipment manufacturers and Tier I suppliers in the aerospace and defense industry. Gamma Aerospace was founded in 1971 and is based in Mansfield, Texas.

Buy -

Seller(S) 1

SELLER

Advantage Capital Partners

New Orleans, Louisiana, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1992
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Advantage Capital Partners is a private equity firm focused on providing growth capital to a variety of companies. The Firm's geographic coverage includes Alabama, Colorado, Florida, Hawaii, Louisiana, Mississippi, Missouri, New York, Texas, Wisconsin and Washington DC. Advantage looks to initially commit $0.5 to $2 million per investment and can provide mezzanine debt in addition to equity capital. Areas of interest include communications, information technology, life science, and energy. Advantage Capital was formed in 1992 and is headquartered in New Orleans, Louisiana.


DEAL STATS #
Overall 98 of 113
Sector: Automotive M&A 1 of 1
Type: Secondary Buyout M&A Deals 13 of 14
State: Illinois M&A 5 of 6
Country: United States M&A 98 of 113
Year: 2023 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-28 Owensboro Grain

Owensboro, Kentucky, United States

Owensboro Grain produces a vast array of products from soybeans at its plant locations on the Ohio River in western Kentucky. The company’s soy products include protein meal and hull pellets for animal feeds, crude and degummed oil, lecithin, various blends of refined vegetable oil for human consumption, biodiesel and glycerin. Owensboro Grain was founded in 1906 and is based in Owensboro, Kentucky.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-24 Precision Metal Works

Louisville, Kentucky, United States

Precision Metal Works offers metal forming, assembly, and finishing for a wide variety of industries including, automotive, appliance, hardware, electrical, electronic, and medical. Precision Metal Works was founded in 1947 and is based in Louisville, Kentucky.

Sell $28M