Machine Service, Inc. (MSI) acquired Prop Shaft Supply, Inc., a 17-year manufacturer of driveshafts and related components serving global industrial and transportation OEMs. Prop Shaft Supply will operate as a separate division of MSI, leveraging MSI’s modernized, 130,000 sq. ft. Green Bay facility to expand product offerings and accelerate growth; founder JP Beierle will continue leading U.S. OEM driveline sales.
Buyer
Machine Service, Inc
Target
Prop Shaft Supply, Inc.,
Transaction Type
Sell Side
Closed
August 1, 2017
Role
Sell-side advisor