Ronin-backed Engenuity Acquires Woodmaxx

March 20, 2024

Ronin Equity Partners financed the acquisition of Akron, New York-based Woodmaxx by Engenuity Outdoor Equipment (formerly DK2) with a $25 million term-loan facility. The deal adds roughly $20 million of annual revenue and approximately $5 million in synergies, brings domestic manufacturing and power take-off product capability into Engenuity, and Woodmaxx owners (including founder Kurt Schie) are reinvesting a substantial portion of proceeds into a double-digit minority stake.

Buyers
Engenuity Outdoor Equipment, Ronin Equity Partners
Targets
Woodmaxx
Sellers
Kurt Schie and other Woodmaxx owners
Platforms
Engenuity Outdoor Equipment
Industry
Manufacturing
Location
New York, United States
Transaction Type
Addon

Explore More

Related Acquisitions

Track M&A activity that matters to you

Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.