Lincoln International Represents Precision Partners Holding Company in the sale of MotorWheel Commercial Vehicle Systems, Inc. to Stemco Holdings, Inc., a subsidiary of EnPro Industries, Inc. (NYSE:NPO)
Lincoln International, a leading global mid-market investment bank, has announced that it acted as exclusive financial advisor to Precision Partners Holding Company (“Precision Partners” or “PPHC”), a privately held company, in its sale of MotorWheel Commercial Vehicle Systems, Inc. (“MotorWheel” or the "Company") to Stemco Holdings, Inc. (“STEMCO”), a subsidiary of EnPro Industries Inc. (“EnPro”) (NYSE:NPO). The terms of the transaction were not disclosed.
Headquartered in Livonia, Michigan, MotorWheel is a leading manufacturer of premium, lightweight brake drums for medium- and heavy-duty trucks and commercial vehicles, which are sold under the CentriFuse® brand name. The Company also offers standard brake drums, hubs, rotors, fasteners and component assemblies. MotorWheel operates a centrifugal casting facility located in Chattanooga, Tennessee and a machining and assembly facility located in Berea, Kentucky. MotorWheel’s customers include leading fleets, OEMs, Tier I and II suppliers, as well as aftermarket distributors.
Precision Partners is an advanced manufacturing and engineering services company comprising a team of complementary platforms which engineer and manufacture products for the Energy, Trucking, Automotive, Infrastructure, and Aerospace & Defense markets. Headquartered in Skokie, IL, PPHC has manufacturing facilities in North America and Asia while serving customers across four continents. PPHC employs over 1,800 people worldwide. For more information about Precision Partners, visit the company’s website at www.precisionpartnersinc.com.
With offices and manufacturing facilities in Texas, Georgia, Michigan, New York, Canada, Australia and China, STEMCO is a leader in the technology and manufacture of commercial vehicle wheel end, braking and suspension components, as well as fleet information systems. For more information, visit www.stemco.com.
EnPro is a leader in sealing products, metal polymer and filament wound bearings, components and service for reciprocating compressors, diesel and dual-fuel engines and other engineered products for use in critical applications by industries worldwide. For more information about EnPro, visit the company’s website at www.enproindustries.com.
Lincoln International acted as the exclusive financial advisor to Precision Partners, working closely with Precision Partners’ and MotorWheel’s senior management team throughout the sale process. “We are delighted to have had the opportunity of working with Gary Masse, CEO of PPHC and his team in this important transaction” said Federico Mennella, Managing Director of Lincoln International “and we look forward to continuing to strengthen our relationship with PPHC in the future.”
About Lincoln International and its Global Automotive & Truck Group
Lincoln International specializes in merger and acquisition advisory services, debt advisory services, private capital raising and restructuring advice on mid-market transactions. Lincoln International also provides fairness opinions, valuations and pension advisory services on a wide range of transaction sizes. With twelve offices (three in the Americas, two in Asia, and seven in Europe) and strategic partnerships with leading institutions in China and Korea, Lincoln International has strong local knowledge and contacts in the key global economies. The firm provides clients with senior-level attention, in-depth industry expertise and integrated resources. By being focused and independent, Lincoln International serves its clients without conflicts of interest.
Lincoln International’s Global Automotive & Truck Group specializes in automotive component transactions in the mid-market. The group’s highly integrated, international team of M&A professionals has extensive experience advising the leading Tier I suppliers in the industry, as well as privately-held and private equity owned companies supplying automotive components, systems and services. Lincoln International’s Global Automotive & Truck Group has advised on 37 transactions since 2008. Selected corporate clients of Lincoln in the automotive and truck industry that include Alcoa, Amerigon, Bosch, Cummins, Delphi, Dyson, Freudenberg, Johnson Controls, Trelleborg, Tyco Electronics, Valeo and Wanxiang.
More information about Lincoln International can be obtained at www.lincolninternational.com
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