EnTrans Sells for $546M with Potential $46M Earnout
Deal News | Mar 19, 2025 | Ropes & Gray
EnTrans International, a leading North American manufacturer of tank trailers and transportation solutions, has been acquired by TerraVest Industries Inc. from American Industrial Partners. The transaction, amounting to approximately $546 million, includes the possibility of an additional earnout of up to $46 million, contingent upon EnTrans's future financial performance. Ropes & Gray LLP provided legal counsel to American Industrial Partners and EnTrans during the sale. The legal team was comprised of several key figures from Ropes & Gray, including private equity partners Todd Kornreich and Bob Rivollier among others. The deal, announced on March 17, underscores TerraVest's strategic expansion in the manufacturing and transportation sectors.
Sectors
- Manufacturing
- Private Equity
- Transportation
Geography
- North America – EnTrans International is described as a premier North American manufacturer, indicating its operational and geographical focus.
Industry
- Manufacturing – EnTrans International is involved in the manufacturing of tank trailers and transportation solutions.
- Private Equity – American Industrial Partners is a private equity firm, involved in the sale of one of its portfolio companies.
- Transportation – EnTrans is a producer of transportation solutions, aligning with the article’s focus on the transportation sector.
Financials
- $546 million – The purchase price for EnTrans International.
- $46 million – Potential additional earnout contingent on future financial performance.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| EnTrans International | Target Company | Company | A manufacturer of tank trailers and transportation solutions. |
| American Industrial Partners | Selling Company | Company | A private equity firm that owned EnTrans International. |
| TerraVest Industries Inc. | Bidding Company | Company | The acquiring company of EnTrans International. |
| Ropes & Gray LLP | Legal Advisor | Company | Provided legal advice for the sale of EnTrans International. |
| Todd Kornreich | Private Equity Partner | Person | Partner at Ropes & Gray, involved in the transaction. |
| Bob Rivollier | Private Equity Partner | Person | Partner at Ropes & Gray, involved in the transaction. |
| Beverly Cheng | Senior Associate | Person | Senior Associate at Ropes & Gray, involved in the transaction. |