Automotive & Truck
Spartan Motors has sold the assets of Road Rescue to Allied Specialty Vehicles, a portfolio company of American Industrial Partners
Spartan Motors has sold the assets of Road Rescue to Allied Specialty Vehicles, a portfolio company of American Industrial Partners THE TRANSACTION On September 20th, 2010, Spartan Motors sold the assets of Road Rescue to Allied Specialty Vehicles, a portfolio company of AIP. DPP initiated the Transaction and acted as financial advisor to support Spartan…
Read MoreSpartan Motors completed the acquisition of Utilimaster Corporation
Spartan Motors completed the acquisition of Utilimaster Corporation THE TRANSACTION Spartan Motors has acquired Utilimaster Corporation from John Hancock Life Insurance Company, a unit of Manulife Financial Corporation, a leading Canadian-based financial services group, in an all-cash transaction valued at approximately $43 million. Under the terms of the purchase agreement, Spartan Motors will pay $50…
Read MoreDaimler Trucks North America has sold the business and assets of Tampa Truck Center to an affiliate of Bayshore Ford Truck Sales, Inc.
Daimler Trucks North America has sold the business and assets of Tampa Truck Center to an affiliate of Bayshore Ford Truck Sales, Inc. THE TRANSACTION DTNA sold the business and assets of Tampa Truck Center to an affiliate of Bayshore. DPP assisted in the negotiations and acted as financial advisor to DTNA in this transaction.…
Read MoreMetaldyne Corporation completed the sale of substantially all of its assets to MD Investors Corporation
FormTech has been acquired by an affiliate of Hephaestus Holdings, Inc. a portfolio company of KPS Capital Partners, LP
FormTech has been acquired by an affiliate of Hephaestus Holdings, Inc. a portfolio company of KPS Capital Partners, LP THE TRANSACTION KPS Capital Partners, LP (“KPS”), portfolio company HHI, has acquired substantially all the assets of FormTech through an indirect, wholly-owned subsidiary. HHI acquired FormTech free and clear of substantially all liens, claims, encumbrances and…
Read MoreAutocam Corporation has sold Frank & Pignard SAS in Thyez, France to Maike Groupe
Autocam Corporation has sold Frank & Pignard SAS in Thyez, France to Maike Groupe THE TRANSACTION On July 9, 2009, Autocam sold the stock of its F&P subsidiary to Maike. DPP initiated this transaction, assisted in the negotiations and acted as exclusive investment banking advisor to Autocam. Our Client AUTOCAM CORPORATION Autocam Corporation (“Autocam”) is…
Read MoreJL French Automotive Castings has completed a financial restructuring
JL French Automotive Castings has completed a financial restructuring THE TRANSACTION DPP acted as financial advisor to JLF’s asset based lender, CapitalSource, in conjunction with evaluating strategic alternatives and the financial restructuring of the business. Our Client JL FRENCH AUTOMOTIVE CASTINGS, INC. JL French Automotive Castings, Inc. (“JLF”) engages in the development and production of…
Read MoreFindlay Industries, Inc. has divested certain of its operations in Springfield, OH and Findlay, OH to an affiliate of Superior Trim, Inc.
Findlay Industries, Inc. has divested certain of its operations in Springfield, OH and Findlay, OH to an affiliate of Superior Trim, Inc. THE TRANSACTION Findlay Industries divested certain of its operations in Springfield, OH and Findlay, OH to FI Asset Acquisition LLC, an affiliate of Superior Trim, on May 20th, 2009. Our Client FINDLAY INDUSTRIES,…
Read MoreDura Automotive Systems, Inc. has sold its Gordonsville, TN seat mechanism and hood latch operation to Magna International, Inc.
Dura Automotive Systems, Inc. has sold its Gordonsville, TN seat mechanism and hood latch operation to Magna International, Inc. THE TRANSACTION On May 29th, 2009, Dura sold its automotive seat mechanism and hood latch operation located in Gordonsville, TN along with supporting equipment from its Stockton, IL facility (the “Company”) to Magna. The Company designs,…
Read MoreDaimler Trucks North America has sold the business and assets of Freightliner of Vancouver to First Industries Corporation
Daimler Trucks North America has sold the business and assets of Freightliner of Vancouver to First Industries Corporation THE TRANSACTION First Industries acquired Freightliner of Vancouver in November 2008. DPP initiated this transaction, assisted in the negotiations and acted as exclusive financial advisor to Daimler Trucks North America. Our Client DAIMLER TRUCKS NORTH AMERICA Daimler…
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