BIRMINGHAM, Mich. – Angle Advisors has announced that Tramec LLC, a holding of MacLean Investment Partners (MIP), has acquired both Sloan Transportation Products Inc. and HEBCO Products Inc. from Qualitor Inc. Angle Advisors acted as the exclusive investment banking adviser to Qualitor in completing this transaction.
Based in Holland, Mich., 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 Sullo, president of Tramec, commented, "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, Kan., 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."
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, CFO 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, Mich., 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.
