Burgaflex North America has acquired Burgaflex GmbH, a Germany-based supplier of tube and hose assemblies. Both companies were originally part of the Burgaflex Group, which was disbanded in 2010.
The transaction is the first international acquisition for Burgaflex NA and will provide it with a key European presence to help service global OEM customers.
“In approaching this acquisition, we factored in the strategic importance of international business,” said Jeremy Sheppard, president of Burgaflex NA. “We are confident that we can aggressively grow the business and improve the profitability through an increased focus on both operational efficiency and systems integration.”
Burgaflex GmbH primarily serves the heavy truck, bus, construction and agricultural equipment aftermarket and currently employs 45 people operating out of a 25,000 square-foot facility. Private equity firm Blackford Capital partnered with Burgaflex NA in July 2014 to help facilitate the acquisition.
“International expansion is a fundamental component of the Burgaflex NA growth strategy, and we expect to see continued synergies as the two companies begin to fully integrate,” said Martin Stein, managing director of Blackford Capital and chairman of Burgaflex NA. “We are eager to move forward with the acquisition, and believe this transaction will help strengthen the business and better serve our customers.”
Burgaflex NA manufactures coolant system tube and hose assemblies serving the heavy truck, agricultural and off-road markets.