AEA Investors has acquired Eagle Suspension, Dallas Spring Canada and Titan Durant Land. Financial terms of the transaction, which closed Nov. 5, were not announced. Eagle-Dallas designs and engineers multi-leaf and parabolic leaf springs and support beams for aftermarket and OEM heavy-duty truck suspension systems. Houlihan Lokey advised Eagle-Dallas.
We are pleased to announce the closing of the sale of Eagle Suspensions Inc., Dallas Spring Canada Inc., and Titan Durant Land LLC (collectively, Eagle-Dallas) to AEA Investors. The transaction closed on November 5, 2012.
Headquartered in Dallas, Texas, Eagle-Dallas is a market-leading designer and engineer of high-performance multi-leaf and parabolic leaf springs and support beams for aftermarket and OEM heavy-duty truck suspension systems. The company also distributes a large portfolio of aftermarket heavy-duty truck parts and accessories. The company’s manufacturing facility in Durant, Okla., is the largest capacity footprint in North America dedicated to aftermarket leaf springs and maintains distribution warehouses in Dallas, Texas, Middletown, Pa., and Mississauga, Ont., Canada.
Founded in 1968, AEA Investors is a New York City–based private investment firm with additional offices in London, Munich, Hong Kong, and Shanghai. It is focused on investing in middle-market firms in a range of industry sectors, including value-added industrial manufacturing and distribution, specialty chemicals, consumer products, and business services.
This transaction highlights Houlihan Lokey’s expertise in the automotive and trucking sector. Our ability to conduct a global auction process that generated significant interest from a number of strategic and financial buyers ultimately helped to maximize value for our client. With this transaction, Houlihan Lokey has further strengthened its credentials as a premier advisor to automotive and trucking companies.
Houlihan Lokey served as the exclusive financial advisor to Eagle-Dallas and assisted in initiating, structuring, and negotiating the transaction on its behalf.
Houlihan Lokey is an international investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and valuation. The firm is ranked globally as the No. 1 restructuring advisor, the No. 1 M&A fairness opinion advisor over the past 10 years, and the No. 1 M&A advisor for U.S. transactions under $1 billion, according to Thomson Reuters. Houlihan Lokey has been advising clients for more than 40 years and now has 14 offices and over 850 employees in the United States, Europe and Asia. The firm serves over 1,000 clients each year, ranging from closely held companies to Global 500 corporations.
If you would like more information about Houlihan Lokey, or if you have any questions regarding our role in the sale of Eagle-Dallas, please contact one of the transaction team members listed to the right.