United Stars Holdings, Inc. has acquired GearTec, Inc. Terms of the transaction were not disclosed.
EdgePoint Capital initiated the transaction, including identifying and contacting United Stars on behalf of GearTec, led the negotiations, and served as the exclusive financial advisor to GearTec.
Founded in 1988, GearTec manufactures large gears for OEM and aftermarket customers who serve global markets in energy, steel, transportation, and other infrastructure-related markets. The company is based in Willoughby, Ohio.
Located in Beloit, Wisconsin, United Stars Holdings, Inc. was a strategic competitor who sought to expand into the larger gear manufacturing market as well as to penetrate further into new markets.
EdgePoint is a leading investment banking firm focused on providing lower and middle market business owners with merger and acquisition advisory services.