Tramec Sloan Acquires Penz Products, Inc.

Tramec Sloan LLC Acquires Fleet Engineers

June 5, 2018

Manufacturing

Tramec Sloan LLC, a subsidiary of Tramec LLC, has acquired Fleet Engineers, a Muskegon, Michigan-based manufacturer and distributor of truck and trailer product solutions. The acquisition will operate Fleet Engineers as an autonomous division in Muskegon and expands Tramec Sloan’s product portfolio and manufacturing footprint in the heavy-duty truck and trailer market.

Tramec (High Street Capital Portfolio Company) Acquires CS Automation

June 28, 2023

Manufacturing

Tramec, a portfolio company of High Street Capital with support from Wells Fargo Strategic Capital, has acquired CS Automation, an Ontario, New York-based designer and manufacturer of pneumatic automation, motion controls, and machine framing and safeguarding. The deal is an add-on intended to expand Tramec's presence in the industrial automation sector, strengthen heavy-duty capabilities, open new sales channels for Tramec Sloan products, and realize operational synergies.

High Street Capital and Wells Fargo Strategic Capital Recapitalize Tramec LLC

September 29, 2021

Manufacturing

High Street Capital, alongside Wells Fargo Strategic Capital, has invested in Tramec LLC in a management-led recapitalization to support organic growth, new product and market introductions, and operational improvement. Tramec, headquartered in Iola, Kansas, manufactures and distributes engineered components to heavy-duty truck and trailer OEM and aftermarket channels.

Tramec Acquires Johnson Welded Products

March 5, 2024

Manufacturing

Tramec, a portfolio company backed by High Street Capital and Wells Fargo Strategic Capital, has acquired Johnson Welded Products (JWP), a longtime manufacturer of steel and aluminum air reservoirs and related tanks based in Urbana, Ohio. The acquisition is Tramec's fourth add-on since its management-led recapitalization in 2021 and is intended to broaden Tramec's commercial vehicle product offering, enable cross-selling, and drive operational improvements and capacity growth at JWP's Urbana facility.

Maersk Tankers Acquires Penfield Marine

January 8, 2024

Transportation

Maersk Tankers has acquired Penfield Marine to form a larger-scale crude and product tanker company that expands commercial management, pool operations and decarbonisation capabilities. The deal brings Penfield’s customers, partners and staff into Maersk Tankers’ platform to broaden service offerings for cargo customers and pool partners.

Tencarva Machinery Company, Backed by Bessemer Investors, Acquires Hoffman-Kane Distributors

February 17, 2026

Industrial Services

Tencarva Machinery Company, a value-added distributor backed by Bessemer Investors, has acquired Hoffman-Kane Distributors, a Pittsburgh-based provider of industrial fluid handling and sealing solutions. The acquisition expands Tencarva's footprint across the Ohio Valley and Mid-Atlantic, secures exclusive OEM territorial rights, and brings additional technical capability and aftermarket services into Tencarva's platform.