Tolston Holdings Acquires North American Assemblies

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 Tolston Holdings, LLC (“Tolston”) in the purchase of North American Assemblies, LLC (“NAA”), a TAG Holdings, LLC, (“TAG”) portfolio company. James Tolston, who was the General Manager of NAA, had the opportunity to purchase the company as the founder and chairman of TAG, Joseph Anderson, Jr. implemented his legacy plan. Footprint led the entire process, including the negotiation of the transaction and raising of debt to fund the transaction.

ABOUT TOLSTON HOLDINGS

Tolston Holdings holds the 51st spot on Black Enterprise Magazine’s Top 100 African-American owned companies in the United State. Tolston Holdings was formed in 2012 as an investment vehicle to own operating companies that provide manufacturing, assembly, and distribution services.

ABOUT NORTH AMERICAN ASSEMBLIES

North American Assemblies, LLC (“NAA”) was established in 2003 in Timmonsville, South Carolina to provide modular assembly and supply chain management services for manufacturers in North America. NAA engages in the manufacturing, assembly, sale, and distribution of parts and components to all-terrain (ATV and recreational) vehicle manufacturers in North America, namely, for Honda South Carolina. Products provided by NAA include tire and wheel assemblies, brake pedals, gear shift pedals, and brake hub assemblies. Services provided by NAA include sorting, logistics, and a wide range of inspections. NAA is Minority Business Enterprise (“MBE”) Certified and is one of the largest privately-held, minority-owned companies in South Carolina. NAA is a wholly-owned subsidiary of Tolston Holdings, LLC. For more information, visit http://www.naa-llc.com

ABOUT TAG HOLDINGS

TAG Holdings was created in 2001 as an independent holding company. TAG-owned companies provide products and services that help customers control cost, optimize operational efficiency, and improve margins and cash flow. TAG Holdings is Minority Business Enterprise (“MBE”) certified and is headquartered in Wixom, Michigan. 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.