One Equity closes Walterscheid Powertrain buy

One Equity Partners said June 27 that it completed its buy of Walterscheid Powertrain Group. The deal was announced in March.


NEW YORK – JUNE 27, 2019 – One Equity Partners (“OEP“), a leading middle market private equity firm, today announcedthat it has completed the acquisition of WalterscheidPowertrain Group, (“Walterscheid” or “the Company”), a leading provider of original equipment and aftermarket parts and services for off-highway powertrain applications, from GKN Limited.

Walterscheid, headquartered in Lohmar, Germany, manufactures, distributes and services shafts, gearboxes, attachment systems, clutches and other parts for off-highway applications. Founded in 1919, the Company’s 2,200 employees provide a wide range of services for agricultural, construction, mining, and industrial OEM and aftermarket customers in Europe, China and North America.

“We look forward to supporting CEO Wolfgang Lemser and his team as they continue to manufacture superior powertrain solutions and provide the best in-service support to the world’s leading off-highway and industrial original equipment manufacturers,” said Joseph Huffsmith, Managing Director, OEP. “Walterscheid is a highly-regarded business that continues to execute on its growth strategy and deliver exceptional products and services to customers in the agricultural, construction, mining and industrial industries.”
Walterscheid has 10 manufacturing plants and operates 26 aftermarket service locations across four continents, providing comprehensive aftermarket and service offerings through 130 distribution partners worldwide. The Company also manages 22 service centers in 16 countries.
“OEP has a strong track record of sponsoring corporate carve-outs that build strong, independent and market-leading industrial companies,” said Lemser. “We are pleased to partner with OEP as we further grow our customersolutions in the U.S. and Europe.”

OEP has proven experience acquiring and building industrial manufacturing businesses into market leaders, including Grupo Phoenix, a maker of rigid packaging containers for the global food and beverage industry; Merfish Pipe & Supply, a value-added distributor of imported and domestic steel pipe products; and, USCO, a leading supplier of aftermarket and OEM parts to the global earthmoving machinery industry, among others.
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About One Equity Partners
OEP is a middle-market private equity firm focused on the industrial, healthcare, and technology sectors in North America and Europe. The firm builds market-leading companies by identifying and executing transformative business combinations. OEP is a trusted partner with a differentiated investment process, a broad and senior team, and an established track record generating long-term value for its partners. Since 2001, the firm has completed more than 180 transactions worldwide. OEP, founded in 2001, spun out of JP Morgan in 2015. The firm has offices in New York, Chicago, and Frankfurt. For more information, please visit