Exclusive financial advisor to VITEC, LLC
KPMG Corporate Finance LLC acted as exclusive financial advisor to VITEC, LLC.
About the engagement
VITEC is a leading North American designer and manufacturer of highly engineered plastic molded fuel storage and delivery systems. The Company, founded in 1998, has earned an outstanding reputation for consistently engineering and producing some of the highest-quality tanks in the automotive industry. VITEC has a state-of-the-art automated facility and is capable of producing tanks at industry-leading cycle times.
The acquisition of VITEC’s Fuel Systems business provides a complement to the Buyer’s plaUorm including a highly strategic locaHon in Detroit, MI, where it is expected to deliver increased diversificaHon, growth, scale and conHnued quality to their OEM customers. VITEC’s current production plaUorms extend the Buyer’s existing portfolio, and allows the Fuel Systems business to leverage the Buyer’s global platform to generate continued growth.
KPMG CF demonstrated an integrated “one team” approach by partnering with KPMG LLP senior professionals to assist VITEC. Dr. William F. Pickard, Chairman, CEO, and Founder of VITEC, stated “KPMG's professionals were instrumental in advising VITEC throughout the sale process. VITEC appreciates KPMG's work on its behalf and the successful result that was achieved for all stakeholders”.
Global coverage. Industry knowledge. Middle-Market focus.
The Corporate Finance practices of KPMG InternaHonal’s network of independent member firms (KPMG) have been ranked collectively a leading global M&A advisor according to Thomson Reuters SDC’s 2014 global transaction volume league tables. KPMG firms operate in 155 countries with over 2,600 investment banking professionals who are able to meet the needs of clients across the globe.
KPMG Corporate Finance LLC
Recently named Investment Bank of the Year by The M&A Advisor, KPMG Corporate Finance LLC provides a broad range of investment banking and advisory services to its domestic and internaHonal clients. Our professionals have the experience and depth of knowledge to advise clients on global mergers and acquisitions, sales and divestitures, buyouts, financings, debt restructurings, equity recapitalizations, infrastructure project finance, capital advisory, real estate, porUolio soluHons, fairness opinions, and other advisory needs.