SSG Capital Advisors served as investment banker to TransAxle in the sale of its off-highway division to Swanson Industries, a portfolio company of Turnspire Capital Partners. The transaction closed in June 2025.
SSG was retained by TransAxle to explore strategic alternatives. SSG conducted a marketing process and attracted interest from several strategic parties, which engaged in a review of specific business units. Swanson Industries was selected as the best purchaser of the Company’s off-highway division, which consisted of two locations in Garner, NC, and Pennsauken, NJ.
Other professionals who worked on the transaction include:
- Andrew B. Lehman and Patrick K. Hovet of Akin Gump Strauss Hauer & Feld, counsel to TransAxle
- Rick Malagodi, Bill Patterson and Edward Derengowski of Harney Partners, financial advisor to TransAxle
- Claire E. James, Kevin A. Uhler, Catalina Ford, Matthew Sieben, Dax Zhang and Teresa Weiss of Freshfields US, counsel to Swanson Industries
