TriMas - M&A Summary and Business Overview

DiversifiedCompany

TriMas M&A Summary

TriMas has acquired 21 companies, including 10 in the last 5 years. A total of 5 acquisitions came from private equity firms. It has also divested 7 assets.

TriMas’ largest acquisition to date was in 2014, when it acquired Allfast Fastening Systems for $360M. It’s largest disclosed sale occurred in 2019, when it sold Lamons to First Reserve for $135M. TriMas has acquired in 7 different US states, and 8 countries. The Company’s most targeted sectors include plastics (27%) and automotive (22%).

TriMas Business Overview

Where is TriMas headquartered?

TriMas is headquartered in Bloomfield Hills, Michigan.

What is TriMas’ revenue?

TriMas disclosed revenue of 884M USD for 2022 and 857M USD for 2021.

How many employees does TriMas have?

TriMas has 3,200 employees.

What sector is TriMas in?

TriMas is a diversified company.

When was TriMas founded?

TriMas was founded in 1986.

M&A Summary

  • M&A Total Activity26
    • M&A Buy Activity19
    • M&A Sell Activity7
  • Total Sectors Invested 8
  • Total Countries Invested 8
  • M&A Buy/Sell Connections 9

TriMas

TriMas Corp.

38505 Woodward Avenue Suite 200,
Bloomfield Hills, Michigan 48304
United States,
(248) 631-5450
www.trimascorp.com

TriMas is a diversified designer, manufacturer and distributor of engineered and applied products that serve a variety of industrial, commercial and consumer end markets worldwide. TriMas was founded in 1986 and is based in Bloomfield Hills, Michigan.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.6/yr) # 11 3 2 1 2 - 19
vol $563M $563M
Sell (0.0/yr) # 7 - - - - - 7
vol $135M $135M
  26

Most Recent M&A

Company Date Value Type
Weldmac Manufacturing Co. 2023-02-23 - Add-on Acquisition
El Cajon, California · www.weldmac.com
Aarts Packaging B.V. 2023-02-01 - Add-on Acquisition
Waalwijk, Netherlands · www.aartspackaging.com
Intertech Plastics LLC 2022-03-01 - Add-on Acquisition
Denver, Colorado · www.intertechplastics.com
Omega Plastics, Inc. 2021-12-13 - Add-on Acquisition
Clinton Township, Michigan · www.opinc.com
TFI Aerospace Corp. 2021-12-13 - Add-on Acquisition
Orangeville, Ontario · www.tfi-aero.com
Affaba & Ferrari S.R.L. 2020-10-29 - Add-on Acquisition
Borgo San Giovanni, Italy · www.affabaferrari.com
Liqui-Box Corp. - Rapak Brand 2020-02-19 - Divestiture
Richmond, Virginia
RSA Engineered Products LLC 2020-01-30 - Add-on Acquisition
Simi Valley, California · www.rsaeng.com
Lamons 2019-11-04 135M USD Divestiture
Houston, Texas · www.lamons.com
Taplast S.p.A. 2019-04-30 - Add-on Acquisition
Povolaro, Italy · www.taplast.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Automotive 4 (21%) - 2 (29%) -
Plastics 5 (26%) 27M (5%) - -
Manufacturing 2 (11%) 142M (25%) 2 (29%) 135M (100%)
Packaging 3 (16%) - - -
Machinery 1 (5%) 360M (64%) 2 (29%) -
Aerospace 2 (11%) 34M (6%) - -
Building Materials 1 (5%) - - -
Defense 1 (5%) - - -
Consumer Products - - 1 (14%) -
Total 19 $563M 7 $135M

By Geo

State/Country Buy Value Sell Value
United States 10 536M 7 135M
  Michigan 2 - 4 -
  California 3 360M - -
  Ohio 1 - 1 -
  Wisconsin 1 142M - -
  Virginia 1 - - -
  Kansas 1 34M - -
  Colorado 1 - - -
  Texas - - 1 135M
  Massachusetts - - 1 -
Italy 3 - - -
Australia 1 - - -
Brazil 1 - - -
Canada 1 - - -
  Ontario 1 - - -
India 1 27M - -
Netherlands 1 - - -
New Zealand 1 - - -
Domestic 10 (53%) 536M (95%) 7 (100%) 135M (100%)
Cross-border 9 (47%) 27M (5%) - -
Total 19 $563M 7 $135M

Deal Values

buy # Total
$100M to $1B 2 $502M
< $100M 2 $61M
TOTAL $563M
Largest Allfast Fastening Systems, Inc.
$360M (2014-10-20)
sell # Total
$100M to $1B 1 $135M
TOTAL $135M
Largest Lamons
$135M (2019-11-04)

M&A Connections

Deals
Acquired from
Investor(s)
16%
3 (16%)
Strategic(s)
5%
1 (5%)
Divested to
Investor(s)
14%
1 (14%)
Strategic(s)
71%
5 (71%)

Company Summary

SECTOR

Diversified

Revenue

884   4% 2022
857   12% 2021
770   7% 2020
724   18% 2019
877   8% 2018
818   4% 2017
794   9% 2016
864   43% 2015
1,499   2014
(millions of USD) Show More Show Less

Employees

3,200

Established

1986

Public

NASDAQ: TRS

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