Dobbs Equity Partners Recapitalizes The Universal Group Corporation
September 12, 2014
Dobbs Equity Partners completed a recapitalization of The Universal Group Corporation, providing partial liquidity to founders Annik and Nick Smith while the Smiths retain management roles and a meaningful ownership stake. The Universal Group, a distributor of leaf springs and suspension components to truck and trailer OEMs and aftermarket customers, will operate as The Universal Group LLC with capital to support growth and geographic/product expansion.
- Buyers
- Dobbs Equity Partners, LLC
- Targets
- The Universal Group Corporation
- Sellers
- Annik Smith, Nick Smith
- Industry
- Manufacturing
- Location
- New Jersey, United States
- Transaction Type
- Recapitalization
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