Solve Industrial Motion Group

Buy Side Transactions | Featured

BLUE RIVER ACTED AS EXCLUSIVE M&A ADVISOR TO SOLVE INDUSTRIAL MOTION GROUP AND AUDAX PRIVATE EQUITY

Solve Industrial Motion Group, portfolio company of Audax Private Equity, acquires MasterDrive

The MasterDrive acquisition – a key Audax Private Equity growth initiative – has opened up new strategic adjacencies for Solve Industrial Motion Group by expanding its product offering and availability of power transmission drive components.

Blue River’s ability to see the strategic fit in MasterDrive, submit the rationale to Solve, and pursue the target with a total of 42 touchpoints via calls, emails, LinkedIn messages, and written letters until the owner finally considered a sale, speaks to the buy-side advisory team’s commitment to always find the perfect match for both parties involved in a transaction.

“For Solve, this partnership represents a meaningful expansion into product categories that will further complement customer offerings in the power transmission space. For Masterdrive, an opportunity to benefit from Solve’s industry-leading reach, and tremendous growth opportunity for their employees and leadership.” said Sara Clevenger, Principal of Blue River.

MasterDrive brought a very strategic, new product mix, with bonus on-shore manufacturing capabilities. Terry Schroeder, President of MasterDrive, maintained a consultant role after the acquisition. The MasterDrive team stayed in their corresponding corporate locations, and the company maintained an independent brand, with no loss in brand equity. DOWNLOAD THE CASE STUDY to read the full article.

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Challenge

Solve Industrial Motion Group, a holding company of strategically aligned industrial component distribution brands, was looking to bring into their capabilities new product categories that would give them the ability to cross-sell.

Strategy

Blue River saw a strategic fit in MasterDrive, submitted the rationale to
Solve, and pursued the target with a total of 42 touchpoints via calls, emails,
LinkedIn messages, and written letters until the owner finally considered a sale.

Result

Solve Industrial Motion Group successfully acquired MasterDrive in May 2022. The former owner has a consulting agreement in place, and strategic plans are under way.

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SUCCESSFUL ACQUISITION

“We have proudly served our industrial distribution partners and customers in the power transmission market. By joining Solve, we’ll be able to offer more products, resources and services to our customers. It’s a win-win for everyone.” said Terry Schroeder, President of MasterDrive.

Lisa Mitchell, CEO of Solve Industrial Motion Group, said “MasterDrive shares our passion for solving customers’ challenges. Whether it’s finding the right part for an application or finding the right part in-stock, this furthers our quest to be the go-to resource for power transmission products.”

 

Blue River

DEALMAKER

Sara Clevenger

Sara Clevenger

Principal

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