Allison Transmission Acquires AVTEC's Off-Highway Transmission Portfolio and MEPZ Machining Business

VSE Corporation Acquires Atech Turbine Components

August 31, 2026

Aerospace & Defense

VSE Corporation has acquired Atech Turbine Components, a specialized aviation MRO provider focused on repairs for complex hot-section components for aircraft turbine engines. The deal expands VSE Aviation’s proprietary, OEM-approved repair portfolio—adding more than 300 repair approvals—and deepens its alignment with Pratt & Whitney Canada platforms.

Allison Transmission Holdings Completes Acquisition of Dana’s Off-Highway Drive & Motion Systems Business

January 1, 2026

Industrial Services

Allison Transmission Holdings, Inc. (NYSE:ALSN) completed its $2.7 billion acquisition of Dana Incorporated’s Off-Highway business (Off-Highway Drive & Motion Systems). The deal is intended to broaden Allison’s off-highway and industrial powertrain capabilities and create a global platform headquartered in Indianapolis.

Toromont Industries Acquires 60% Stake in AVL Manufacturing Inc.

February 3, 2025

Manufacturing

Toromont Industries Ltd. has acquired a 60% ownership stake in AVL Manufacturing Inc., a Hamilton, Ontario-based designer and fabricator of power generation and energy storage enclosures that serves the data centre market across eastern North America. The purchase was paid in cash and Toromont shares, and Toromont has committed to buying the remaining 40% by agreed dates through 2031 based on performance; the acquisition secures supply for Toromont Power Systems and is not expected to have a material near-term impact on combined results.

Auxo Investment Partners Acquires Avon Machining

June 5, 2023

Manufacturing

Auxo Investment Partners, via its Michigan Opportunity Fund, has acquired Avon Machining, a Shelby Township, Michigan-based precision manufacturer of gears, transmission parts, bearings, housings, and axle shafts. The deal serves as the fund's fourth platform investment and is intended to support Avon’s growth while preserving local ownership and addressing founder/family succession planning.

ATC Drivetrain Acquires H.L. Smith Transmissions Ltd

August 17, 2021

Automotive

Farmington Hills-based ATC Drivetrain has acquired H.L. Smith Transmissions Ltd (HLS), a UK-based remanufacturer of heavy-duty commercial vehicle transmissions and steering systems. The deal adds HLS’s 85,000 sq. ft. remanufacturing facility and expands ATC’s geographic reach, capabilities and access to commercial vehicle and military end markets in Europe; the seller Russell Smith will retire following the transaction.

Allison Transmission Acquires Walker Die Casting and C&R Tool

September 16, 2019

Manufacturing

Allison Transmission acquired Walker Die Casting Inc. (Lewisburg, TN) and C&R Tool and Engineering, Inc. (Muscle Shoals, AL) in September 2019 to bring critical die-casting and tooling capabilities in-house. The purchases strengthen Allison's supply chain and manufacturing capabilities for transmission and powertrain components; the combined deal value was reported at approximately $103 million.