Pelican Parts, LLC has sold to ECS Tunings, LLC

ECS Tunings, LLC has acquired the assets of Pelican Parts, LLC (“Pelican Parts”). EdgePoint Capital (“EdgePoint”) initiated the transaction, led the negotiations of the sale, and served as the exclusive sell-side advisor to Pelican Parts. Terms of the transaction were not disclosed.

Pelican Parts, headquartered in Harbor City, California, USA, is a premier e-commerce retailer of aftermarket automotive parts for European vehicles. For more than 20 years, Pelican Parts has provided parts and technical information to car enthusiasts all over the world.

ECS Tunings, LLC, a portfolio company of Bertram Capital, is a diversified e-commerce platform for European automotive parts. Based in Wadsworth, Ohio, the Company also offers products under several brands, including its owned brands: ECS Tuning, Ziza, Alzor, Bremmen, and Schwaben.

Bertram Capital is a private equity firm based in San Mateo, California that specializes in consumer and technology industries. Bertram Capital seeks to supply operational and strategic resources to existing management teams in order to help companies unlock their full potential.

EdgePoint is a leading investment banking firm focused on providing middle market business owners with merger and acquisition advisory services.

Kleen Polymers Acquired by Preferred Compounding

Wadsworth, OH based Kleen Polymers, Inc. (“Kleen Polymers” or the “Company”) has been acquired by Preferred Compounding (“Preferred”). EdgePoint Capital (“EdgePoint”) initiated the transaction, led the negotiations of the sale, and served as the exclusive sell-side advisor to the Company. Terms of the transaction were not disclosed.

Founded in 1991, Kleen Polymers is a custom rubber compounder specializing in non-black elastomers. The acquisition of Kleen Polymers is expected to greatly expand Preferred’s mixing capability in ultra-clean high performance compounds.

Preferred Compounding is the second largest rubber compounder in North America with headquarters located in Copley, OH. Preferred Compounding is capable of mixing practically every polymer and has five facilities in the U.S. and one in Mexico. The Kleen compounding business will continue to operate at its existing facility as part of Preferred’s North American operations.

EdgePoint is a leading investment banking firm focused on providing middle market business owners with merger and acquisition advisory services.

PVS Steel Services, Inc. Acquires International Steel Services, Inc.

PVS Steel Services Inc., a division of PVS Chemicals Inc. (‘PVS”), acquired International Steel Services, Inc (“ISSI”). Terms of the transaction were not disclosed.

EdgePoint served as exclusive sell-side advisor to ISSI.

Founded in 1989, with over 400 employees worldwide, ISSI, a ferrous chloride management business, offers design, build and operation services of hydrochloric acid regeneration facilities and acid blending services to the oil and gas markets.

PVS, which offers a broad multitude of chemicals and services in North America, has been in business since 1945, and has 900 employees worldwide. In addition to its businesses in the United States, PVS also has facilities in Europe, Canada and Asia.

EdgePoint is a leading investment banking firm focused on providing middle market business owners with merger and acquisition advisory services.

PT Tech and AeroTorque have been acquired by The…

EdgePoint Capital announced that it served as the exclusive financial advisor to EBO Group in its sale of subsidiaries PT Tech, Inc. and AeroTorque Corp (collectively, “PT Tech” or the “Company”) to The Timken Company (NYSE: TKR). Terms of the transaction were not disclosed.

Headquartered in Sharon Center, OH, PT Tech is the premier designer of industrial clutches, brakes, and power take offs used in specialty equipment for the mining, wood waste recycling, aggregate processing, metal processing, and wind power industries. With a value proposition based upon customized engineering and product design for specific applications, the Company has been a trusted manufacturing partner to its customers for decades. The AeroTorque product focuses on damping of damaging loads in wind turbine drivetrains.

The acquisition of PT Tech complements the Power Transmission business of Timken and further establishes Timken as a complete supplier of motion control products.

The Timken Company engineers, manufactures and markets bearings, gear drives, belts, chain, couplings, and related products, and offers a spectrum of powertrain rebuild and repair services. Known for its quality products and collaborative technical sales model, Timken posted$2.7 billionin sales in 2016 and has more than 14,000 employees operating in 28 countries.

Located in Cleveland, Ohio, EdgePoint is an investment banking firm that provides transaction advisory services to middle market private companies.

DRAS Cases, Inc. has been acquired by TEK Holdings,…

TEK Holdings, LLC (“TEK Holdings”) has acquired DRAS Cases, Inc. (“DRAS Cases”), a Lake Mills, IA based manufacturer of commercial-grade architectural millwork and retail fixtures. EdgePoint Capital served as the exclusive financial advisor to DRAS Cases. Terms of the transaction were not disclosed.

Founded in 1994, DRAS Cases (www.drascases.com) is a leading manufacturer and distributor of commercial-grade retail fixtures, commercial casework and custom architectural millwork on a repeat basis for large chains with multiple foodservice or retail locations. DRAS Cases’ primary products include indoor and patio bars, hostess and Point of Sale (POS) stations and beverage stands.

TEK Holdings is an Iowa based family office focused on acquiring manufacturing businesses.

EdgePoint is a leading investment banking firm focused on providing middle market business owners with merger and acquisition advisory services.

Aero Transportation Products, Inc. has been acquired by Wabtec…

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.

Creative Extruded Products, Inc. has been acquired by Quilvest…

Quilvest Private Equity acquired Creative Extruded Products, Inc., a Tipp City, Ohio-based manufacturer of highly-engineered plastic and rubber moldings for the automotive-glass market. EdgePoint served as the exclusive financial advisor to Creative. Terms of the transaction were not disclosed.

Founded in 1979, Creative Extruded Products, Inc. (http://www.creativeextruded.com) is a leading provider of plastic and rubber extrusions for the North American and International automotive glass market. The Company maintains its market leadership position and competitive advantage by leveraging proprietary manufacturing equipment and processes, lean manufacturing, superior customer responsiveness, and first-to-market capabilities.

Quilvest Private Equity is the private equity arm of the Quilvest Group, a leading global independent wealth manager with a presence in Europe, the Americas, Asia, and the Middle East. It invests in private small and medium sized companies, and assists in their strategic long-term development.

EdgePoint is a leading investment banking firm focused on providing middle market business owners with merger and acquisition advisory services.