|
United Stars Holdings Acquires GearTec

United Stars Holdings,
Inc. has acquired GearTec, Inc. Terms of the transaction were not
disclosed.
EdgePoint Capital
initiated the transaction, including identifying and contacting
United Stars on behalf of GearTec, led the negotiations, and served
as the exclusive financial advisor to GearTec.
Founded in 1988, GearTec
manufactures large gears for OEM and aftermarket customers who serve
global markets in energy, steel, transportation, and other
infrastructure-related markets. The company is based in Willoughby,
Ohio.
Located in Beloit,
Wisconsin, United Stars Holdings, Inc. was a strategic competitor
who sought to expand into the larger gear manufacturing market as
well as to penetrate further into new markets.
EdgePoint is a leading
investment banking firm focused on providing lower and middle market
business owners with merger and acquisition advisory services.
|