Sale to Hitachi Construction Machinery

Industrial
Sale to Hitachi Construction Machinery

Summary

Baird served as financial advisor to H-E Parts International LLC on this transaction

About

H-E Parts International LLC (“H-E Parts” or the “Company”), a portfolio company of Frontenac Company LLC (“Frontenac”) and CHAMP Ventures (“CHAMP”), was recently acquired by Hitachi Construction Machinery Co., Ltd. (“HCM”) (TSE:6305) for a total consideration of $240 million.

H-E Parts has grown to become the largest independent global provider of aftermarket parts, components and solutions for the mining, heavy construction and energy sectors. The Company has a strong global presence, with North American and Chilean operations serving the Americas, and Australian operations serving Asian and Australian markets. H-E Parts is headquartered in Atlanta, Georgia.

Frontenac is a leading private equity firm that focuses on investing in lower middle market businesses within the food, industrial, and services industries. Frontenac works in partnership with proven operating leaders, through its executive-centric approach called CEO1ST, to identify, acquire, and build market leading companies through transformational acquisitions and operational excellence. Frontenac is headquartered in Chicago, Illinois.

CHAMP is a leading Australian mid-market private equity firm focused on growth capital, replacement capital and management buy-outs. CHAMP is one of the longest running private equity partnerships is Australasia and is headquartered in Sydney, Australia.

HCM is a full-range manufacturer of construction machinery bringing extensive technological, product, marketing and service capabilities to the endless challenge of building construction machinery products. HCM is headquartered in Tokyo, Japan.

Through a strategic alliance, Baird partnered with Australia-based Gresham Advisory Partners (“Gresham”) on this transaction. Gresham, established in 1985, is the leading independent, Australian-owned advisory business. Gresham is focused on achieving superior financial outcomes for its clients and has a track record of advising on many of the largest and most complex transactions completed in the Australian marketplace. Gresham is headquartered in Sydney, Australia.

For additional information about this transaction, please contact:

Jason Kliewer +1-813-273-8242
Tom Lange +1-813-273-8248
Chris Coetzee +1-312-609-4913
John Fordham +44-20-7667-8438
Satoshi Matsumoto +1-646-557-3201
Mike Barina +1-414-298-1885
Industrial
Sale to Hitachi Construction Machinery
Date
December 2016
Company
H-E Parts International LLC
Transaction
M&A
Sectors
Industrial
Target Location
North America
Acquiror Location
Asia

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