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GPX International Tire Acquires MITL
GPX Merger and Equity Recap
Reinhold Declares Special Dividend
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DiversiTech Equity Recapitalization
RTM Acquired by Triarc Companies
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Central Garden & Pet Acquires Gulfstream
AEP Systems Merges with Netilla
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Reinhold Declares Special Dividend
Additional Transactions

GPX Merger and Equity Recap

November 2005

"What began as a straightforward $10mm equity recapitalization evolved into a complicated cross-border strategic stock merger involving two multinational competitors followed immediately by a much larger $41mm minority equity recap to provide substantial liquidity to shareholders. TM Capital's expertise in negotiating and structuring complex transactions assured a seamless merger, and their deep roster of relationships and experience in the private equity marketplace resulted in highly attractive recapitalization terms. TM's relentless pursuit of the best possible solutions to a complex set of opportunities and challenges led to one of the greatest transformational deal outcomes I've ever seen."

– Bryan Ganz, President and CEO
Galaxy Tire & Wheel, Inc. is a privately-held, Boston, MA based global producer of purpose built, application-specific tires for off-the-road equipment and other agricultural and industrial markets
Galaxy retained TM Capital to advise it on alternatives to build critical mass in the global specialty tire industry
TM assisted Galaxy in structuring and negotiating a merger with Dynamic Tire Corp., a Canadian global leader in specialty tire sourcing and design that has grown rapidly since its founding in 1997
The merger of Galaxy and Dynamic created GPX International Tire Corp., a $300 million independent global manufacturer of specialty tires
TM Capital subsequently assisted GPX in completing a $41 million minority recapitalization with Sterling Investment Partners, a CT based private equity firm with over $800 million under management

Client Press Release


 

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