High Street Capital (or “HSC”), alongside Wells Fargo Strategic Capital, is pleased to announce that its portfolio company Tramec has completed the acquisition of Penz Products, Inc. (“Penz”), a designer and manufacturer primarily of vent doors, fenders, and trailer landing gear components for heavy-duty trailer OEM and aftermarket customers.

Penz’s operations will be integrated into the Tramec Sloan division, presenting numerous opportunities to enhance Tramec Sloan’s suite of solutions to its customer base and broaden its manufacturing capabilities, particularly in metal forming, robotic welding, thermoforming, vacuum forming, and urethane foaming.

“We feel the addition of the Penz team, product lines, capabilities, and capacity position Tramec Sloan very well to capitalize on the strong freight and commercial vehicle markets in 2022 and beyond,” said Gary Sullo, President and CEO of Tramec. Derek Gollnitz, Vice President of High Street Capital, added, “We believe this transaction makes abundant strategic sense for both Tramec and Penz given the complementarity of the two businesses and numerous synergies available from the combination. HSC was excited to support the acquisition and envisions this partnership playing a significant role in Tramec’s growth going forward.”

Please contact Derek Gollnitz (312.423.2658 or derek@highstreetcapital.com) with any questions or related opportunities that might be a fit for Tramec.

Separately, we are seeking other new platform investment opportunities for Fund V in the areas of outsourced business services, niche manufacturing, and value-added distribution. Please contact us for businesses with revenues between $10 million and $100 million where our capital, experience, and ideas could be used to leverage management’s capabilities to drive future growth.

Follow us on LinkedIn and Twitter for the latest news.