High Street Capital invested in Tramec, which makes and distributes engineered parts primarily to the heavy-duty tractor and trailer OEM and aftermarket sales channels in the US. High Street invested alongside Wells Fargo Strategic Capital in support of a recapitalization led by Tramec’s senior management team. The deal is High Street’s sixth from its fifth fund.
High Street Capital (or “HSC”) is pleased to announce its investment in Tramec LLC (“Tramec” or the “Company”) alongside Wells Fargo Strategic Capital in support of a recapitalization led by Tramec’s senior management team. Our investing and operating personnel will be working closely with management to drive organic revenue growth, introduce new markets and products to the Company’s sales mix, and maintain operational excellence and a culture of continuous improvement.
Tramec, headquartered in Iola, KS with production facilities located in Galion, OH; Holland and Muskegon, MI; Alsip, Elk Grove Village, and Rock Falls, IL; Wellington, KS; and Melbourne, Australia, manufactures and distributes engineered components primarily to the heavy-duty tractor and trailer OEM and aftermarket sales channels in the U.S. For more information on Tramec’s business units and product offerings, please visit www.tramec.com.
This represents HSC’s sixth platform investment for Fund V. Derek Gollnitz, an HSC investing Vice President, commented, “Tramec has emerged in the past decade as a leader in its categories through a combination of relentless dedication to its customers, effective and knowledgeable operational oversight, and staying ahead of market trends and disruptions to offer best-in-class solutions to both OEM and aftermarket channels. We are thrilled to be joining the management team’s investment in the business and look forward to continuing Tramec’s impressive growth trajectory.”
Gary Sullo, President and CEO of Tramec, added, “High Street Capital’s close operational focus, deliberate approach to its investments, and relevant track record helped convince us that HSC is an ideal partner for us in our recapitalization of the Company. HSC was a pleasure to work with in executing the transaction and jointly developing an operating plan to drive success for all stakeholders.”
Please contact Derek Gollnitz (312.423.2658 or email@example.com) with any questions or related opportunities that might be a fit for Tramec.
We are also seeking other new platform investment opportunities for Fund V in the areas of outsourced business services, niche manufacturing, and value-added distribution. Please contact us for businesses with revenues between $10 million and $100 million where our capital, experience, and ideas could drive future growth.
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