M&A Deal Summary

Wabtec Acquires Schaefer Equipment

On October 9, 2006, Wabtec acquired automotive company Schaefer Equipment from Cedar Creek Partners for 36M USD

Acquisition Highlights
  • This is Wabtec’s 1st transaction in the Automotive sector.
  • This is Wabtec’s 13th largest (disclosed) transaction.
  • This is Wabtec’s 1st transaction in the United States.
  • This is Wabtec’s 1st transaction in Ohio.

M&A Deal Summary
Date 2006-10-09
Target Schaefer Equipment
Sector Automotive
Buyer(s) Wabtec
Sellers(s) Cedar Creek Partners
Deal Type Add-on Acquisition
Deal Value 36M USD
Advisor(s) CIBC Cleary Gull (Financial)

Target

Schaefer Equipment

Warren, Ohio, United States
website
Schaefer Equipment, Inc. is a producer of forged brake components for the North American railroad industry.

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Buyer(S) 1

Buyer

Wabtec

Wilmerding, Pennsylvania, United States

website

Category Company
Founded 1869
Sector Machinery
Employees27,000
Revenue 7.6B USD (2020)
DESCRIPTION

Wabtec is a provider of value-added, technology-based products and services for the rail industry. Through its subsidiaries, the company manufactures a range of products for locomotives, freight cars, and passenger transit vehicles. Wabtec builds new switcher and commuter locomotives and provides aftermarket services, including locomotive and freight car fleet maintenance. Wabtec was formed in 1869 and is based in Wilmerding, Pennsylvania.

DEAL STATS #
Overall 1 of 43
Sector (Automotive) 1 of 4
Type (Add-on Acquisition) 1 of 35
State (Ohio) 1 of 2
Country (United States) 1 of 23
Year (2006) 1 of 2
Size (of disclosed) 13 of 16
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-04 BECORIT

Recklinghausen, Germany

BECORIT GmbH, manufactures a variety of brake shoes, pads and friction linings for passenger transit cars, freight cars and locomotives, including high-speed applications

Buy $52M

Seller(S) 1

SELLER

Cedar Creek Partners

Mequon, Wisconsin, United States

website

Category Private Equity Firm
Founded 1997
PE ASSETS 100M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Cedar Creek Partners acquires profitable manufacturing, distribution and service companies valued between $10 and $50 million with at least $2 million in operating cash-flow. The Firm prefers partnering with management teams when making acquisitions, typically in the form of buyouts and recapitalization. Cedar Creek was formed in 1997 and is based in Mequon, Wisconsin.

DEAL STATS #
Overall 2 of 2
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Ohio) 1 of 1
Country (United States) 2 of 2
Year (2006) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-02-09 Syron Engineering & Manufacturing

Saline, Michigan, United States

Syron Engineering & Manufacturing LLC is a designer and manufacturer of proprietary material handling and sensing devices used primarily within the sheet metal operations of automotive OEMs and suppliers.

Sell -
Mergr

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