SLOAN TRANSPORTATION PRODUCTS, INC. AND HEBCO PRODUCTS, INC. HAVE BEEN ACQUIRED BY TRAMEC, LLC
Birmingham, Michigan - May 16, 2013 - Angle Advisors is pleased to announce that Tramec, LLC ("Tramec") a holding of MacLean Investment Partners (“MIP”) has acquired both Sloan Transportation Products, Inc. ("Sloan") and HEBCO Products, Inc. (“HEBCO”) from Qualitor, Inc. ("Qualitor"). Angle Advisors acted as the exclusive investment banking advisor to Qualitor in completing this transaction.
Based in Holland, Michigan, Sloan is an ISO certified company serving the heavy-duty tractor and trailer industry as a single source provider of original equipment quality air and electrical components. Sloan is recognized as a leading supplier of quality heavy-duty truck and trailer products to original equipment manufacturers and the aftermarket. The company has one of the industry’s broadest product offerings for the tractor and trailer replacement market, including air and electrical delivery components, lift gate cylinders, hose clamps, gladhands, brass fittings, water pumps, oil filler caps, dipsticks, and air compressor discharge hoses. HEBCO Products, based in Bucyrus, Ohio, is a niche manufacturer of screw machined brass fittings for vehicular applications.
Gary E. Sullo, President of Tramec, noted, “The addition of Sloan to the Tramec group of companies significantly expands our product portfolio and enhances our presence in the heavy duty marketplace. Sloan provides an exceptional level of customer service and their expertise in manufacturing and aftermarket distribution will benefit customers across all Tramec companies. Sloan is an excellent strategic fit with the Tramec business located in Iola, Kansas and will be integrated into one company, Tramec Sloan, LLC, that will be under the leadership of myself and Thomas Bronz, President of Tramec Sloan, LLC.” Thomas Bronz stated, “Our management, sales and operations teams look forward to providing service excellence to Tramec and Sloan customers, under the new name Tramec Sloan, LLC, with increased manufacturing capabilities and our vast combined product portfolio.”
Scott Gibaratz, Chief Financial Officer of Qualitor, commented, "Our management team at Sloan has performed at an extremely high level and they are excited to leverage Tremac and MacLean Investment Partners’ extensive resources to continue to grow the business. The transaction will also allow Qualitor to focus its resources on its expanding automotive brake hardware and wiper blade business units. We would also like to thank the Angle Advisors team who executed a seamless and highly competitive process. We at Qualitor are ecstatic with the result of this transaction and found Angle's industry expertise critical to the marketing process."
Based in Southfield, Michigan, Qualitor is a leading diversified supplier of aftermarket safety and wear parts for the automotive and heavy duty truck industries. Qualitor provides wiper blades and auto care accessories (Pylon) and brake hardware and related components (International Brake Industries) to the automotive aftermarket. Qualitor is a portfolio holding of HCI Equity Partners. For additional information, please visit www.qualitorinc.com.
Tramec, LLC was formed in May 2008 with the merger of Tramec Corporation, Iola, Kansas, a family owned business that was founded in 1980 to service the heavy-duty tractor and trailer markets, and MacLean Crewson of Buffalo, New York. Tramec, LLC companies include Tramec Continental-Aero, Tramec Hill Fastener, Tramec HDSS, Stemco Crewson and Tramec Sloan, LLC. Tramec LLC supplies a diverse range of highly engineered components to the heavy-duty tractor and trailer OEM and aftermarket sales markets, along with the general industrial fastener market. The company’s product portfolio includes: automatic brake adjusters, air brake connectors and fittings, brake hose assemblies, pressure release valves, electrical connectors and components, specialty fasteners and a diverse range of truck and trailer components and accessories. For additional information, please visit www.tramec.com.
Angle Advisors, with offices in the United States, Germany, the United Kingdom, and China, specializes in mergers and acquisitions with a particular emphasis on the vehicular and industrial sectors. The firm's 33 professionals have completed 83 M&A transactions since the beginning of 2009 for multinational corporations, privately-held companies, private equity funds, and public sector clients. For additional information, please visit www.angleadvisors.com.