Texas Motive Solutions’ assets have been acquired by OnPoint Group, LLC
October 2022 — The shareholders of Texas Motive Solutions, LLC (TMS) have sold the company to OnPoint Group, LLC.
Texas Motive Solutions is a fast-growing seller and distributor of forklift truck batteries and associated equipment and services. TMS operates in the four largest distribution and warehousing markets in Texas and is recognized as a best-of-breed operator in their market space. The company has blue-chip customer and vendor relationships that brought it to the attention of its competitor OnPoint Group/Concentric.
OnPoint Group is a platform company of Harvest Partners, a New York PE fund. OnPoint is focused on logistics products and services companies.
Our role in the transaction
Oaklins Capital Alliance in Dallas acted as the sell-side advisor. After four years of rapid growth, the owners of TMS needed a capable back office and capital strength to continue to develop their business consistent with the opportunities they sought to address. OnPoint/Concentric approached the owners. The team in Dallas run a fast-track single-buyer process.
Falar com a equipa da transação
Bryan Livingston
Oaklins Capital Alliance
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