Swanson Industries Acquires TransAxle's Off-Highway Business

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.

TruckPro (via Crane Carrier Canada) Acquires Transaxle Parts

June 25, 2024

Logistics & Distribution

TruckPro, through its wholly‑owned subsidiary Crane Carrier (Canada) Limited, acquired the Transaxle Parts group of companies, expanding TruckPro's heavy‑duty truck and trailer parts distribution and repair footprint in the Greater Toronto Area. Transaxle operates five locations in the Toronto, Ontario market; Transaxle owners Tom Neelin and Gary Zwygers will continue to lead day‑to‑day operations following the acquisition.

Turnspire Capital Partners Acquires Swanson Industries and Tiefenbach North America

June 6, 2024

Industrial Services

Turnspire Capital Partners LLC (through an affiliate) has acquired Swanson Industries, a Morgantown, West Virginia–headquartered provider of manufacturing, remanufacturing, repair, and distribution services for mining equipment and hydraulic cylinders. The transaction includes Swanson’s controlling stake in Tiefenbach North America and is intended to support operational improvements, capability expansion, and strategic growth under Turnspire’s partnership with management.

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.

Crossplane Capital Acquires TransAxle LLC

January 7, 2020

Industrial Services

Dallas-based private equity firm Crossplane Capital has acquired TransAxle LLC, a Cinnaminson, New Jersey-based national remanufacturer and distributor of heavy-duty truck drivetrain components. Crossplane said it will work with TransAxle's management to expand the company's national market presence, product offering and continue investing in its remanufacturing and distribution capabilities.

Spencer Butcher Group Acquires Autrans Ingersoll Operations from Sojitz Corporation

July 11, 2018

Automotive

Butcher Engineering Enterprises, Ltd., a holding of the family-owned Spencer Butcher Group, acquired the Autrans Ingersoll value-added assembly operations from Autrans Corporation (a subsidiary of Sojitz Corporation). The transaction transfers the Ingersoll, Ontario automotive just-in-time/just-in-sequence assembly operation to Spencer Butcher Group, expanding its high-complexity, high-volume manufacturing capabilities.