sale to GenNx360 Capital Partners

Industrial
sale to GenNx360 Capital Partners

Summary

Baird served as the exclusive financial advisor to TBEI on this transaction.

About

Truck Bodies and Equipment International, Inc. (“TBEI” or the "Company"), a portfolio company of Kirtland Capital Partners (“KCP”), was recently acquired by GenNx360 Capital Partners (“GenNx360”). Terms of the transaction were not disclosed.

TBEI is a leading manufacturer of dump bodies, landscape bodies, grain bodies, platforms, hoists and truck and trailer equipment and accessories. The Company serves the class 3 – 8 vocational truck market within various construction, municipal, landscaping, agriculture and other demanding jobsite applications. The Company operates under the Crysteel, Rugby®, DuraClass®, J-Craft and Ox Bodies® brands with 500+ distributors and dealers across North America. TBEI is headquartered in Lake Crystal, Minnesota.

KCP is a relationship-oriented private equity firm focused on accelerating the growth of middle-market companies by leveraging its internal operating, financial and strategic resources. KCP invests in niche manufacturing, distribution and business service companies with potential for growth organically and/or through strategic acquisition. For more than 35 years KCP has been known for the strong partnerships it builds with its operating management teams and the experience of its professionals. KCP is headquartered in Cleveland, Ohio.

GenNx360 is a private equity firm focused on investing in industrial manufacturing and business service companies in the middle market. GenNx360 applies years of Fortune 50 operational and leadership experience to these investments to help drive growth and value creation. GenNx360 primarily focuses on opportunities in the industrial machinery and components, industrial services, oil and gas, logistics and supply chain solutions, agricultural, specialty chemicals and aerospace sectors. GenNx360 was founded in 2006 and is headquartered in New York, New York.

For additional information about this transaction, please contact:

Mike Lindemann +1 (414) 298-7408
Chris McMahon +1 (312) 609-4983
Jeff Seaman +1 (312) 609-4687
Eric Stetler +1 (312) 609-7022
Michael Wolff +49 (0) 69 1301-4949
Julien Darmon +44 (0) 207 667-8415
Industrial
sale to GenNx360 Capital Partners
Date
October 2015
Company
Truck Bodies and Equipment International, Inc.
Transaction
M&A
Sectors
Industrial
Target Location
North America
Acquiror Location
North America

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