M&A Deal Summary

U.S. Tsubaki Holdings Acquires Central Conveyor

On June 15, 2018, U.S. Tsubaki Holdings acquired machinery company Central Conveyor from New State Capital Partners for 140M USD

Acquisition Highlights
  • This is U.S. Tsubaki Holdings’ 1st transaction in the Machinery sector.
  • This is U.S. Tsubaki Holdings’ largest (disclosed) transaction.
  • This is U.S. Tsubaki Holdings’ 1st transaction in the United States.
  • This is U.S. Tsubaki Holdings’ 1st transaction in Michigan.

M&A Deal Summary
Date 2018-06-15
Target Central Conveyor
Sector Machinery
Buyer(s) U.S. Tsubaki Holdings
Sellers(s) New State Capital Partners
Deal Type Add-on Acquisition
Deal Value 140M USD
Advisor(s) Lincoln International (Financial)
Morgan Lewis (Legal)

Target

Central Conveyor

Brighton, Michigan, United States
Central Conveyor Co. Inc. design and build high quality customized material handling and conveyance systems for the automotive industry. Today, the Company is a turn-key systems integrator with a complete portfolio of industry solutions for the automotive, parcel & logistics, and warehouse & distribution markets. Central Conveyor designs, engineers, and implements right application, right fit automated systems to provide customers with a competitive industry advantage. Its full-service solutions offer comprehensive storage and retrieval systems, including custom controls and integration services and electrical field wiring and support.

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Buyer(S) 1

Buyer

U.S. Tsubaki Holdings

Wheeling, Illinois, United States
Category Company
Founded 1971
Sector Manufacturing
DESCRIPTION

U.S. Tsubaki Holdings, Inc. is a manufacturer and supplier of power transmission and motion control products. Company offers its customers the finest state-of-the-art power transmission products available in the world. And U.S. Tsubaki is well positioned to meet the challenges of the 21st century as we strive to be the "Best Value" supplier in the industry.

DEAL STATS #
Overall 1 of 2
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Michigan) 1 of 1
Country (United States) 1 of 2
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-31 ATRA-FLEX

Santa Ana, California, United States

ATRA-FLEX is focused on manufacturing and providing premium flexible couplings to the power transmission industry. Its premium flexible couplings provide customers with increased productivity and profitability by offering high-quality solutions for rotating equipment. ATRA-FLEX is based in Santa Ana, California.

Buy -

Seller(S) 1

SELLER

New State Capital Partners

Larchmont, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2014
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

New State Capital Partners is a private investment group focused on middle-market opportunities in the business services, healthcare and industrial sectors. The Firm will consider both majority and minority investments in funding a variety of situations. New State can invest up to $100 million in transactions valued up to $250 million. The Firm was formed in 2013 and is based in New York City.

DEAL STATS #
Overall 1 of 4
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Michigan) 1 of 1
Country (United States) 1 of 4
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 Global Client Solutions

Tulsa, Oklahoma, United States

Global Client Solutions is an independent third-party payment processor to the debt settlement industry. The company has provided FDIC insured accounts to more than 1.8 million consumers and to thousands of customers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-06 MakoRabco

Carlsbad, California, United States

MakoRabco designs, supplies, and installs steel buildings for the self-storage industry. MakoRabco services include single-story, multi-story, conversions, custom buildings, auto, boat, & RV storage, building components, container storage, engineering services, metal building constructors, mobile, portable & container storage, and roofing. MakoRabco was founded in 1993 and is based in Carlsbad, California.

Buy -
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