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.
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.
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.
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.