Exclusive financial advisor to D&W Diesel, Inc.

KPMG Corporate Finance LLC acted as exclusive financial advisor to D&W Diesel, Inc.

KPMG Corporate Finance LLC (KPMG CF) is pleased to announce the sale of D&W Diesel, Inc. (D&W or the Company) to Jasper Holdings, Inc. (Jasper).

D&W is a premier remanufacturer and distributor of a full line of diesel engine components, including fuel injection components, turbochargers, rotating electric, air compressors, and much more. They offer a full line of industrial products and services, including custom-built air compressor systems from Gardner Denver, and provide field service. They also design, build, and install custom tank truck systems to load and unload liquid and dry bulk materials. D&W is headquartered in Auburn, New York, with branches in Rochester, Albany, and Buffalo, New York; Worcester, Massachusetts; Cleveland, Ohio; Philadelphia, Pennsylvania; Cliffwood, New Jersey; and Denver, Colorado. They have 330 associates with customers coast to coast, and will operate independently under the D&W Diesel brand. Greg Wrona, a 13-year associate of D&W Diesel, who previously was vice president, will be named president. The previous owners, Doug Wayne and Dave Wayne, will remain with the business.

Dave Wayne, president and co-owner of D&W, commented on working with the KPMG CF team, “The guys did a great job! We did not know what we were in for when we started this process. Once we started working with KPMG CF, we knew we had made the right choice hiring the team. They are pros and showed it from beginning to end.”

Zach Bawel, president of Jasper, added, “Having KPMG CF involved made it easier and more efficient for us as the buyer. The KPMG CF team had the seller prepared for the process, which expedited the diligence effort and made it very smooth. The team was there to guide and assist the seller through the entire process.”

About JASPER Holdings

Jasper Holdings, Inc. is a 100 percent employee-owned company headquartered in Jasper, Indiana. Including D&W, which will be its third largest holding, Jasper Holdings operates six brands including Jasper Engines & Transmissions, WELLER, Diesel USA Group, Jasper Innovative Solutions, and Jasper Electric Motors with over 3,500 employees across the U.S. operating out of more than 100-branch distribution facilities.

KPMG Corporate Finance LLC

The global Corporate Finance practice of KPMG International’s network of independent member firms was ranked #1 as the top M&A middle-market adviser globally by Refinitiv, based on number of completed transactions, for the past 20 years.

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Robert White

Robert White

Managing Director, KPMG Corporate Finance LLC

+1 202-491-5303

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