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