Acquisition includes Transtar Autobody Technologies, Pro Form and Aftermkt Armor brands. Axalta Coating Systems (NYSE: AXTA) today announced an agreement to acquire The CoverFlexx Group from Transtar Holding Company for an initial cash consideration of $285 million, plus an additional $10 million earnout based on the business’s 2024 performance. The closing of the transaction is […]
Transtar Autobody Technologies Announces Contract with Indiana for COVID-19 Disinfectant System
Transtar Autobody Technologies announced a new partnership with the state of Indiana to provide disinfecting systems to keep the employees and citizens of Indiana safe. At the onset of the COVID-19 pandemic, Transtar, a chemical company, transitioned some of its manufacturing from automotive products to isopropyl alcohol to disinfect surfaces. Further, Transtar built a system […]
Transtar Holding Company Sold to Blue Point Capital Partners
Private equity firm takes majority stake in parent of refinish coatings and materials supplier Transtar Autobody Technologies. Transtar Holding Company, a portfolio of automotive aftermarket and original equipment (OE) businesses including Transtar Autobody Technologies, announced the sale of majority ownership to private equity firm Blue Point Capital Partners. Founded in 1975 in Cleveland, Transtar Holding’s […]