DALLAS, January 7, 2020 – Crossplane Capital (“Crossplane”), a Dallas-based private equity firm, is pleased to announce that it has acquired TransAxle LLC (“TransAxle” or the “Company”). Founded in 1979 and headquartered in Cinnaminson, New Jersey, TransAxle is a national provider of mission critical drivetrain components that supports trucking companies and service providers on a same day / next day basis.  With 28 distribution centers and 6 centralized remanufacturing facilities, TransAxle is known for its focus on quality, nationwide availability and cost competitiveness.

“With its market leading position as a value-added aftermarket distributor and remanufacturer of heavy-duty truck transmissions and differentials to customers nationwide, we believe TransAxle is a unique asset,” said Ben Eakes, Partner of Crossplane Capital.  “We look forward to working alongside the TransAxle team to drive continued growth and expand the Company’s national market presence and product offering.”

Dave Olsen, CEO of TransAxle, commented, "Over the past three years, TransAxle has invested in a nationwide distribution footprint, entered multi-year partnerships with key distribution partners and launched the newest drivetrain families of products.  We look forward to working side-by-side with Crossplane to continue investing in TransAxle’s capabilities to make the Company the go-to source for aftermarket drivetrain components.” 

“With one of the largest inventories of light and heavy-duty truck transmissions, we believe TransAxle is ideally positioned to benefit from the increasing complexity of today’s drivetrain components.” said Brian Hegi, Partner of Crossplane Capital.  “We are excited to partner with the TransAxle management team and employees and seek to build a best-in-class aftermarket drivetrain distributor.”

Media Contact: 
info@crossplanecapital.com 

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