M&A Deal Summary

Truck Bodies & Equipment International Acquires Travis Body & Trailer

On September 30, 2016, Truck Bodies & Equipment International acquired manufacturer Travis Body & Trailer from Main Street Capital

Acquisition Highlights
  • This is Truck Bodies & Equipment International’s 4th transaction in the Manufacturing sector.
  • This is Truck Bodies & Equipment International’s 4th transaction in the United States.
  • This is Truck Bodies & Equipment International’s 1st transaction in Texas.

M&A Deal Summary

Date 2016-09-30
Target Travis Body & Trailer
Sector Manufacturing
Buyer(s) Truck Bodies & Equipment International
Sellers(s) Main Street Capital
Deal Type Add-on Acquisition

Target

Travis Body & Trailer

Houston, Texas, United States
Travis Body & Trailer, Inc. is a manufacturer of all-aluminum dump trailers, including end dump, bottom dump and transfer trailers, as well as several specialty application trailers. Travis serves customers in a variety of end markets, such as rendering, municipal solid waste, agriculture, recycling, energy, aggregates, underground utilities and construction.

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Buyer(S) 1

Buyer

Truck Bodies & Equipment International

Eden Prairie, Minnesota, United States

Category Company
Founded 2005
Sector Manufacturing
Revenue 206M USD (2017)
DESCRIPTION

Truck Bodies & Equipment International, Inc. is a U.S. manufacturer of dump truck bodies and trailers. TBEI has successfully built a portfolio of strong brands, which currently occupy premier market share positions in their respective product categories, through a combination of an intense focus on operational excellence, a comprehensive distribution strategy, and continuous attention to its customers’ primary requirements for a high-quality product and short lead times.


DEAL STATS #
Overall 4 of 4
Sector: Manufacturing M&A 4 of 4
Type: Add-on Acquisition M&A Deals 4 of 4
State: Texas M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-12-22 Crysteel Manufacturing

Lake Crystal, Massachusetts, United States

Crysteel Manufacturing, Inc. is a manufacturer of dump and platform bodies and hoists for the construction, landscaping, agricultural, military, public sector highway departments and short haul trucking markets.

Buy -

Seller(S) 1

SELLER

Main Street Capital

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Main Street Capital Holdings is a public investment firm that invests in mid-market companies to support ownership transitions, recapitalizations, strategic acquisitions, business expansion and other growth initiatives. Main Street looks for businesses opearting in basic industries with positive cash-flow and and defensible competitive advantages. Main Street generally invests $5 to $75 million in companies with $10 to $150 million of revenue and EBITDA of $3 to $20 million. Investments are usually in the form of term debt and/or direct equity. Main Street Capital Corporation was formed in 1997 and is based in Houston, Texas.


DEAL STATS #
Overall 25 of 48
Sector: Manufacturing M&A 1 of 2
Type: Add-on Acquisition M&A Deals 14 of 22
State: Texas M&A 13 of 19
Country: United States M&A 25 of 48
Year: 2016 M&A 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-29 Gamber-Johnson

Stevens Point, Wisconsin, United States

Gamber-Johnson is a manufacturer of ruggedized computer mounting systems that are designed to safely secure and stabilize electronics in professional vehicles for various end markets. Gamber-Johnson was formed in 1954 and is based in Stevens Point, Wisconsin.

Buy $32M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-07 Hawk Ridge Systems

Mountain View, California, United States

Hawk Ridge Systems is a value-added reseller of SolidWorks' CAD, CAM and CAE software solutions and 3D Systems' 3D printing solutions. It supports customers across the western US and Canada with design tools, additive manufacturing technologies, training, and services. Hawk Ridge Systems was founded in 1996 and is based in Mountain View, California.

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