Transaction
Birmingham, MI – Quarton International is pleased to announce that substantially all of the assets of AA Gear & Manufacturing (“AA Gear” or the “Company”) have been acquired by Meritor, Inc. (NYSE:MTOR).
AA Gear is a vertically integrated provider of batch manufacturing, prototyping and emergency plant assist solutions for highly engineered gears, splines, shafts, pumps and hubs. Founded as a service parts provider in 1970, the Company’s product and service offering have grown to include a complete suite of process engineering and production capabilities for virtually any industrial propulsion, swing or rotation application. AA Gear serves some of the world’s leading OEMs and Tier I manufacturers across the automotive, agriculture, construction, heavy truck and diversified industrial end markets.
Quarton International acted as the exclusive financial advisor to AA Gear in connection with the transaction.
Client
AA Gear & Manufacturing is a vertically integrated provider of batch manufacturing, prototyping and emergency plant assist solutions for highly engineered gears, shafts, pumps and hubs. Since its founding in 1970, the Company’s product and service offering have grown to include a complete suite of process engineering and production capalities for virtually any industrial propulsion, swing or rotation application.
The Company serves some of the world’s leading OEMs and Tier I manufacturers across the automotive, agriculture, construction, heavy truck and diversified industrial end markets.
Investor
Meritor, Inc. (NYSE: MTOR)is a leading global supplier of drivetrain, mobility, braking and aftermarket solutions for commercial vehicle and industrial markets. With more than a 100-year legacy of providing innovative products that offer superior performance, efficiency and reliability, the company serves commercial truck, trailer, off-highway, defense, specialty and aftermarket customers around the world. Meritor is based in Troy, Mich., United States, and is made up of approximately 8,200 diverse employees who apply their knowledge and skills in manufacturing facilities, engineering centers, joint ventures, distribution centers and global offices in 19 countries. Meritor common stock is traded on the New York Stock Exchange under the ticker symbol MTOR.
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