TransGo, Inc.

TransGo, Inc. - Case Study

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Overview

  • TransGo is a specialty manufacturer and designer of automotive transmission valve body parts that are used to repair faulty transmissions in the aftermarket. Due to the technical nature of TransGo’s service offering, the Company consistently generated EBITDA margins in excess of 60%.
  • While other companies in space with comparable market share had approximately 11x the employees and 20x the marketing budget as TransGo, the Company relied solely on its reputation, quality products, and best in-class service to continuously drive growth.
  • Five Points Capital understood the complexity of the situation, but could also see the tremendous potential that TransGo could grab if it had the correct financial and operating partner.

Situation

  • TransGo’s president, who learned the business from his mentor, Gil Younger, was motivated to sell the business so that he could fulfill a promise to Gil which was to sell the business and donate a majority of the proceeds to charity.
  • TransGo’s top customer, which represented almost 50% of total revenue, declared Chapter 11 during the process.

Cascadia Process

  • Cascadia Capital positioned TransGo around future growth potential and the ability for the company’s products to expand within a growing market.
  • Cascadia ran a tailored process speaking to a select group of parties who presented the best cultural fit with TransGo’s unique story.
  • Cascadia leveraged its expertise in negotiating and running complex diligence processes while managing this deal process so that TransGo’s president could focus on running his business.

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Building Trust

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Anna Steffeney  |  CEO/Founder
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“Cascadia helped develop the confidence of myself and my management team regarding a transaction. They supported us at every point along the way.”

Joan Wellman  |  Founder
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“Cascadia did an exceptional job positioning us in front of funds that align with our strategy and value. Their deep healthcare knowledge and relationships were key to receiving multiple offers and running a process that lasted less than three months.”

Ryan Schmid  |  President & CEO
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“Working with Cascadia was both rewarding and insightful.  It was a pleasure watching the team expertly navigate a process that I personally was quite familiar with. The Automotive Aftermarket group was the best team of bankers I have worked with.”

Greg Chapman  |  Chairman of the Board
TransGo

“Cascadia designed a custom process that focused on finding us the right partner who valued our culture and mission, which in turn delivered a great outcome for all of our stakeholders.”

Jamie Danek  |  CEO
Humm Kombucha

“I’m grateful to Cascadia for their insightful counsel and thoroughness in selecting a buyer who valued our unique growth opportunity and was committed to maintaining the integrity of our brand.”

Keith Robbins  |  Founder
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“Cascadia took the time to understand our brand, legacy, customer relationships and the potential of our company. They carefully explained to my family the advantages and potential challenges closely-held businesses can experience in transactions like ours.”

Gina Batali  |  Owner
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“Cascadia was outstanding at resolving complex issues throughout the entire acquisition process. They instilled confidence among all the parties with their creativity and professionalism.”

Jim Sweeney  |  Vice President & General Manager
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“Cascadia has an incredible mix of technology savvy, relentlessly practical advice, and nuanced delivery. Cascadia represented us far better than we could have ever done ourselves.”

Troy Davis  |  CEO & Co-Founder
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