EdgePoint is pleased to announce that it served as the exclusive financial advisor to Aero Transportation Products, Inc. (“ATP”) in its sale to Wabtec Corporation (NYSE: WAB).
Founded in 1983, ATP is the leading designer and manufacturer of innovative and high value specialty components for the freight car industry. Operating out of facilities in Independence, Missouri and McPherson, Kansas, ATP supplies the world’s largest freight car builders with a full spectrum of high quality hatch covers and outlet gates that provide protection for valuable commodities in freight cars. ATP is also the premier OEM-alternative for aftermarket aluminum coal car replacement parts.
The combination with Wabtec will further facilitate the robust growth trajectory of ATP and enable deeper international reach through Wabtec’s global distribution channels.
Headquartered in Wilmerding, Pennsylvania, Wabtec Corporation is a leading global provider of equipment, systems and value-added services for transit and freight rail industries. Through its subsidiaries, the company manufactures a full range of products for locomotives, freight cars and passenger transit vehicles. The acquisition of ATP will enable Wabtec to further its product offering to freight car builders and utilize its international reach to expand market access for ATP product.
EdgePoint is a leading investment banking firm focused on providing middle market business owners with merger and acquisition advisory services.