has been acquired by

Riverside Manufacturing, Inc.


TST is a leading manufacturer
of electronic components for
specialty commercial vehicles.

The undersigned acted as financial advisor to TST in this Transaction

Transportation Safety Technologies (TST)

Description

Transportation Safety Technologies designs and manufactures a wide range of electronic control, harness, and safety components for specialty commercial vehicles.

Situation

The private equity owner approached Croft & Bender to help negotiate the sale of TST after receiving a preemptive offer. After receiving additional financial data, the buyer lowered its offer. Croft & Bender was able to quantify significant opportunities for the buyer resulting from purchasing Transportation Safety Technologies, Inc. (TST). As a result, Croft & Bender renegotiated a significantly higher purchase price for TST. In addition, Croft & Bender sourced attractive debt financing for the buyer, which further enhanced the deal from the buyer’s perspective.

Result

Croft & Bender provided a valuation of TST, arranged financing sources for the buyer and negotiated the ultimate sale to Riverside Manufacturing, Inc. at a 25% premium to the buyerÕs offer prior to Croft & BenderÕs involvement.