Texas Motive Solutions’ assets have been acquired by OnPoint Group, LLC
The shareholders of Texas Motive Solutions, LLC (TMS) have sold the company to OnPoint Group, LLC.
Texas Motive Solutions is a fast-growing seller and distributor of forklift truck batteries and associated equipment and services. TMS operates in the four largest distribution and warehousing markets in Texas and is recognized as a best-of-breed operator in their market space. The company has blue-chip customer and vendor relationships that brought it to the attention of its competitor OnPoint Group/Concentric.
OnPoint Group is a platform company of Harvest Partners, a New York PE fund. OnPoint is focused on logistics products and services companies.
Oaklins Capital Alliance in Dallas acted as the sell-side advisor. After four years of rapid growth, the owners of TMS needed a capable back office and capital strength to continue to develop their business consistent with the opportunities they sought to address. OnPoint/Concentric approached the owners. The team in Dallas run a fast-track single-buyer process.
Contacter l'équipe de la transaction
Bradley S. Buttermore
Oaklins Capital Alliance
Bryan Livingston
Oaklins Capital Alliance
Transactions connexes
Combo Group has been acquired by Heniff Transportation Systems
US-based Heniff Transportation Systems has acquired Combo Group. With this transaction, Heniff Transportation Systems immediately expands its presence in the European market, in line with its strategy to grow bulk transportation operations across the region.
En apprendre plusMark Climate Technology has acquired Heber GmbH
Heber GmbH has been acquired by Mark Climate Technology, a specialist in climate control systems and a portfolio company of Bolster Investment Partners. This partnership strengthens the positions of both companies in the global market for innovative and sustainable climate solutions, as well as creating unique synergies. Mark Climate's expertise in standardized, scalable solutions is enhanced by Heber's emphasis on customer-specific customization.
En apprendre plusGrupo Veta 2017 S.L. has been acquired by MSA Mizar
The Franco-Belgian fund Kartesia has sold Grupo Veta 2017 S.L. to the Italian group MSA Mizar. Kartesia, the main shareholder of Veta+ together with its founding partner, has sold 100% of the capital. For MSA Mizar, this transaction represents the consolidation of its presence in Spain, the entry into the multi-risk claims management market and the opportunity to apply Veta+’s expertise to other European markets.
En apprendre plus