Precision Partners has sold MotorWheel to EnPro Industries’ Stemco

Lincoln International, a leading global mid-market investment bank, has announced that it acted as exclusive financial advisor to Precision Partners Holding Company (“Precision Partners” or “PPHC”), a privately held company, in its sale of MotorWheel Commercial Vehicle Systems, Inc. (“MotorWheel” or the “Company”) to Stemco Holdings, Inc. (“STEMCO”), a subsidiary of EnPro Industries Inc. (“EnPro”) (NYSE:NPO). The terms of the transaction were not disclosed.

Headquartered in Livonia, Michigan, MotorWheel is a leading manufacturer of premium, lightweight brake drums for medium- and heavy-duty trucks and commercial vehicles, which are sold under the CentriFuse® brand name. The Company also offers standard brake drums, hubs, rotors, fasteners and component assemblies. MotorWheel operates a centrifugal casting facility located in Chattanooga, Tennessee and a machining and assembly facility located in Berea, Kentucky. MotorWheel’s customers include leading fleets, OEMs, Tier I and II suppliers, as well as aftermarket distributors.

Precision Partners is an advanced manufacturing and engineering services company comprising a team of complementary platforms which engineer and manufacture products for the Energy, Trucking, Automotive, Infrastructure, and Aerospace & Defense markets. Headquartered in Skokie, IL, PPHC has manufacturing facilities in North America and Asia while serving customers across four continents. PPHC employs over 1,800 people worldwide. For more information about Precision Partners, visit the company’s website at www.precisionpartnersinc.com.

With offices and manufacturing facilities in Texas, Georgia, Michigan, New York, Canada, Australia and China, STEMCO is a leader in the technology and manufacture of commercial vehicle wheel end, braking and suspension components, as well as fleet information systems. For more information, visit www.stemco.com.

EnPro is a leader in sealing products, metal polymer and filament wound bearings, components and service for reciprocating compressors, diesel and dual-fuel engines and other engineered products for use in critical applications by industries worldwide. For more information about EnPro, visit the company’s website at www.enproindustries.com. Lincoln International acted as the exclusive financial advisor to Precision Partners, working closely with Precision Partners’ and MotorWheel’s senior management team throughout the sale process. “We are delighted to have had the opportunity of working with Gary Masse, CEO of PPHC and his team in this important transaction” said Federico Mennella, Managing Director of Lincoln International “and we look forward to continuing to strengthen our relationship with PPHC in the future.”

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