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

Dana Incorporated to Combine With Eaton's Mobility Business

June 11, 2026

Industrial Services

Dana Incorporated has entered into a definitive agreement to combine with Eaton's Mobility business in a transaction valued at approximately $5.1 billion. The deal is structured as a Reverse Morris Trust and is expected to close in the first quarter of 2027, subject to approvals, creating a global powertrain systems company focused on commercial and light vehicles.

Swanson Industries Acquires TransAxle's Off-Highway Business

June 26, 2025

Industrial Services

Swanson Industries, a portfolio company of Turnspire Capital Partners, has acquired the Off-Highway Business of TransAxle Holdings, LLC. The acquired business — a U.S.-based remanufacturer of transmissions, differentials, hydraulics, axles and brake systems with locations in Pennsauken, New Jersey and Garner, North Carolina — will be rebranded as the Swanson Off-Highway division to expand Swanson's capabilities and service capacity in core end markets such as mining, construction and aerospace.

TruckPro Acquires Young's Gear Denali Drivelines

April 4, 2022

Trucking & Fleet

TruckPro, a Memphis-based distributor of heavy-duty truck and trailer parts, acquired the assets related to Young's Gear Denali Drivelines, a driveline, drivetrain and suspension repair shop in Fairbanks, Alaska, owned by Daryl and Joy McGhan. The deal strengthens TruckPro's footprint and service capabilities in Alaska and provides local customers access to TruckPro's broader product offerings and nationwide distribution network.

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

March 31, 2022

Automotive

Allison Transmission has completed the acquisition of AVTEC Ltd.'s off-highway transmission portfolio and the Madras Export Processing Zone (MEPZ) off-highway component machining business for $23 million in cash. The purchase transfers the off-highway transmission assets from India-based AVTEC (part of the CK Birla Group) to Allison, supporting Allison's product and geographic expansion in the off-highway segment and integrating machining operations into Allison's Chennai plant.

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.