Modular Assembly Innovations Acquires Three Honda Suppliers

Josh Curtis
Managing Director
Footprint Capital
jcurtis@footprintcapital.com
Phone 614.327.8746

230 West Street
Suite 700
Columbus, OH 43215

TRANSACTION INFORMATION

Footprint Capital (“Footprint”) acted as the exclusive buy-side advisor to Modular Assembly Innovations, LLC (“MAI” or the “Company”) in the purchase of a controlling interest in Great Lakes Assemblies, LLC (“GLA”), Gulf Shore Assemblies, LLC (“GSA”), and Indiana Assemblies, LLC (“IA”) from TAG Holdings, LLC (“TAG” or the “Seller”). GLA, GSA, and IA are award winning, tier-one suppliers to Honda in North America and joint ventures with Honda Logistics North America, Inc. Billy Vickers had been operating the joint ventures since inception and Joseph Anderson, Jr., the founder of TAG Holdings, sought to sell the companies to Billy as part of his strategic plan and legacy. Footprint led all aspects of advising on the transaction, including negotiation, financing, and diligence.

ABOUT MODULAR ASSEMBLY INNOVATIONS

MAI, located in Dublin, Ohio, is the parent company of a group of certified minority owned companies offering world-class, innovative, manufacturing, and assembly solutions to automotive OEMs. The Company was established 2011, and employs more than 250 associates in East Liberty, Ohio, Lincoln, Alabama, and Greensburg, Indiana. Collectively, the MAI group of companies make up the largest privately-held, minority owned company in Ohio and the fourth largest black owned business by B.E. Research. For more information, visit http://www.modularai.com.

ABOUT GREAT LAKES ASSEMBLIES

GLA Company was established in January of 2005, as a joint venture with Honda Logistics North America, Inc., and is located in East Liberty, Ohio. The Company produces automobile tire and wheel assemblies as well as center console, power train accessory, chassis, and engine component modules.

ABOUT GULF SHORE ASSEMBLIES

GSA was established in May of 2007, as a joint venture with Honda Logistics North America, Inc., and has two plants in Alabama (Lincoln and Talladega). The Company produces automobile tire and wheel assemblies as well as center console, power train accessory, chassis, and engine component modules.

ABOUT INDIANA ASSEMBLIES

IA was established in October of 2008, as a joint venture with Honda Logistics North America, Inc., and is located in Greensburg, Indiana. The Company produces automobile tire and wheel assemblies as well as center console, power train accessory, chassis, and engine component modules.

ABOUT TAG HOLDINGS

Founded in 2001, TAG is the owner of a group of companies that provide products and services that help customers control cost, optimize operational efficiency and improve margins and cash flow. TAG companies serve the aerospace, automotive, defense, construction and other industries that require world-class manufacturing and supply chain management services.

ABOUT FOOTPRINT CAPITAL

Footprint is a boutique investment bank focused on advising owners and operators of privately held companies in the middle market. Footprint’s services include sell-side and buy-side merger and acquisition advisory, ownership transition planning, capital raising, and strategic management consulting.