TriEnda Holdings has acquired The PendaForm Company and will operate under Kruger Brown Holdings (collectively with TriEnda and PendaForm).
Debt advisory firm Livingstone Partners acted as the exclusive financial advisor to TriEnda and raised the financing to complete the transaction from White Oak Global Advisors and JPMorgan Chase. Terms of the deal were not disclosed.
The combined operations of the company, with manufacturing facilities in Wisconsin, Indiana and Mexico, create the largest heavy-gauge thermos-former in North America. Primarily serving the automotive, material handling and packaging sectors, TriEnda and PendaForm create a partnership with engineering, manufacturing capabilities and material expertise.
This is Livingstone’s second transaction advising TriEnda, having previously advised on the sale to Kruger Family Holdings in 2014.