November 6th, 2015
PHILADELPHIA, November 6, 2015 – Graham Partners, a private investment firm focused on investing in businesses with advanced industrial technologies, innovative product offerings, and strong growth potential, is pleased to announce the completion of strategic enhancements for two of its current portfolio companies, TransAxle LLC (“TransAxle”) and HB&G Building Products, Inc. (“HB&G”). TransAxle, a leading remanufacturer of drivetrain components, acquired remanufacturing assets from FleetPride, Inc. (“FleetPride”), while HB&G acquired Crown Column & Millwork Company LLC (“Crown”), a manufacturer of highly engineered porch solution products.
TransAxle’s acquisition of FleetPride’s Minnesota-based manufacturing plant is supplemented by an agreement for TransAxle to be FleetPride’s primary supplier for remanufactured drive components such as transmissions and differentials. As a result, TransAxle will open new warehouses in Dallas, TX; Los Angeles, CA; and Seattle, WA, further expanding the company’s ability to offer its products and services nationwide. TransAxle CEO, Dave Olsen, states “We are enthusiastic about our partnership with FleetPride – combining TransAxle’s product expertise, quality orientation and national availability with FleetPride’s 262 branch locations and customer service professionals will be beneficial for both companies as well as our mutual customers across the country.”
HB&G, a well-known manufacturer of high quality, low maintenance columns, porch posts, railings, pergolas and other accessory products, recently acquired Alabama-based Crown to create a premier company in the industry. Both with strong brand recognition, HB&G and Crown are respected not only for superior products, but also for their leading distribution partners across the U.S. and Canada. HB&G CEO, Lance Servais, remarks, “This is an exciting opportunity which represents the joining of two strong brands focused on product breadth and depth along with quality and innovation, with the proven ability to redefine the column and millwork industry.”
In addition to providing operational oversight and leadership to its portfolio, Graham Partners believes it can create significant value through establishing partnerships and acquiring add-ons that support a platform’s core strategic objectives. This initiative is most recently demonstrated by these strategic enhancements.
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