TriMas Corp.

TriMas Corp.

TriMas Corp.

Overview
Date Founded

1989

Headquarters

38505 Woodward Avenue,Suite 200,Bloomfield Hills, MI 48304

Type of Company

Public

Employees (Worldwide)

4,000

Industries

Industrial Machinery & Manufacturing
Wholesale: Industrial Products & Manufacturing
Other Manufacturing

Company Description

TriMas Corp. engages in the manufacture of industrial products for customers in the consumer products, aerospace, industrial, petrochemical, refinery, and oil and gas end markets. It operates through the following business segments: Packaging, Aerospace, and Specialty Products. The Packaging segment is comprised of Rieke, which designs and manufacture specialty, highly-engineered closure and dispensing systems for a range of end markets, including steel and plastic industrial and consumer packaging applications. The Aerospace segment consists of Monogram Aerospace Fasteners, Allfast Fastening Systems, Mac Fasteners, and Martinic Engineering, collectively known as TriMas Aerospace, which designs and manufactures highly-engineered fasteners, collars, blind bolts, rivets and precision-machined components. The Specialty Products segment encompasses the Norris Cylinder, Lamons, and Arrow Engine brands, which designs, manufactures, and distributes metallic and non-metallic industrial sealing, fastener, and specialty products for the petrochemical, petroleum refining, oil field, water and waste water treatment, and other industrial end markets; highly-engineered high-pressure and low pressure steel cylinders for the transportation, storage, and dispensing of compressed gases; and natural gas powered wellhead engines, compressors, gas production equipment, and chemical pumps for the well sites in the oil and gas industry. The company was founded by Brian P. Campbell in May 1986 and is headquartered in Bloomfield Hills, MI.

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Executives & Employees

President & Chief Executive Officer

Executive Vice President & Chief Financial Officer

Chief Financial Officer

Senior Vice President, General Counsel, Chief Compliance Officer & Corporate Secretary

Vice President, Corporate Human Resources

Vice President, Investor Relations & Communications

Director

Director

Vice President-Tax & Treasury

Vice President of Operations

Board of Directors

Founder at World Capital Partners LLC

President & Chief Executive Officer at Mears Investments LLC

Executive Advisor at CM Acquisitions LLC

President & Chief Executive Officer at TriMas Corp.

Chairman, Chief Executive Officer & President at Hexcel Corp.

Chief Executive Officer & Director at Westport Fuel Systems, Inc.

Managing Partner at Coveview Capital Partners LLC

Former Chairman, President & Chief Executive Officer at Comerica, Inc.

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Owners & Shareholders
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Fiduciary Management, Inc. (“FMI”), founded in 1980, is an employee owned independent money management firm based in Milwaukee, Wisconsin. FMI’s equity investing strategies apply a value discipline, with a focused approach firmly rooted in fundamental research. As of 12/31/2012, FMI manages over $15.5 billion in assets for domestic and international institutions, individual investors, and Registered Investment Advisors through separately managed accounts and the FMI Family of Funds.

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Advisory Research, Inc. manages over $10.0 billion in total assets for some of the nation’s wealthiest individuals, numerous privately-held companies, university endowments, private and public foundations, and pension and profit-sharing plans. We have over three decades of experience investing for our clients. Our disciplined, value-based investment style seeks to provide our clients with exceptional absolute and risk-adjusted rates of return. Our experience and dedication, always coupled with expert client service, have allowed us to build a high level of trust and satisfaction with our clients. The Advisory Research investment philosophy and process are firmly grounded in time-tested academic research and the extensive experience of our professional investment team. This combination has produced a unique investment approach based on internally-generated fundamental analysis. As value investors we use a traditional bottom-up analysis to look for companies that are selling at a discount to their net asset value. Our highly disciplined, long-term approach to value investing guides us in creating portfolios of securities that we believe offer the potential for higher returns with lower risk relative to other equity investments.

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Bernzott Capital Advisors manages concentrated small-cap domestic equity portfolios. The stocks on the firm's buy list are selected and continually evaluated based on their in-house fundamental screening, in-depth financial and accounting analysis and qualitative analysis. They seek to identify companies that exhibit the ability to perform well regardless of industry conditions, cyclical trends or volatility in the economy or market. Bernzott does not buy commodities, futures, ADRs, warrants, options or foreign securities. They also do not purchase on margin, purchase IPOs, use mutual funds or engage in short selling. The firm only purchases domestic securities that are priced daily and can be sold without limitation so that portfolios are liquid, marketable and readily valued at any time.In general, Bernzott invests in the stocks of small-cap US companies in the commercial services, consumer services, finance and technology sectors. The firm maintains a medium turnover rate.

Recent Transactions
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TriMas Corp. purchases Parker-Hannifin Corp. /Tolleson Operations from Parker-Hannifin Corporation

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purchases Horizon Global Corp. from TriMas Corp.

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TriMas Corp. purchases Allfast Fastening Systems LLC

Insider Transactions
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Transaction Advisors
Legal Advisor

Advised onTriMas Corp. purchases Allfast Fastening Systems LLC

Auditor

Advised onTriMas Corp. issued Common Stock

Underwriter

Advised onTriMas Corp. issued Common Stock

Legal Advisor

Advised onTriMas Corp. purchases Allfast Fastening Systems LLC

Legal Advisor

Advised onTriMas Corp. purchases Allfast Fastening Systems LLC

Associate

Advised onTriMas Corp. purchases Allfast Fastening Systems LLC

Advisors & Consultants
Legal Advisor

Partner at Cahill Gordon & Reindel LLP

Legal Advisor

Partner at Cahill Gordon & Reindel LLP

Consultant

Vice President of Operations at TriMas Corp.

Clients

Starbucks Corp. engages in the provision of premier roaster, marketer, and retailer of specialty coffee. It operates through the following segments: Americas; China/Asia Pacific (CAP); Europe, Middle East, and Africa (EMEA); and Channel Development. The Americas, CAP, EMEA segments sells coffee and other beverages, complementary food, packaged coffees, single-serve coffee products, and a focused selection of merchandise through company-oriented stores, and licensed stores. The Channel Development segment trades coffee, and other related products to institutional foodservice industries. The company was founded by Jerry Baldwin and Howard D. Schultz on November 4, 1985 and is headquartered in Seattle, WA.

DowDuPont, Inc. is a holding company, which engages in the development of specialty materials, chemicals, and agricultural products. It operates through the following segments: Agriculture; Performance Materials & Coatings; Industrial Intermediates & Infrastructure; Packaging & Specialty Plastics; Electronics & Imaging; Nutrition & Biosciences; Transportation & Advanced Polymers; and Safety & Construction. The Agriculture segment focuses on seed and crop protection businesses. The Performance Materials & Coatings segment caters the uses silicones, acrylics, and cellulosics-based technology platforms. The Industrial Intermediates & Infrastructure segment includes construction chemicals, energy solutions, industrial solutions, and polyurethanes and chlor-alkali and vinyl. The Packaging & Specialty Plastics segment produces ethylene, polyolefin elastomers, and ethylene propylene diene monomer elastomers. The Electronics & Imaging segment supplies materials for consumer electronics. The Nutrition & Biosciences segment offers solutions for the food and beverage, pharma, personal care, energy, and animal nutrition markets. The Transportation & Advanced Polymers comprises of engineering resins, adhesives, lubricants and parts to engineers and designers in the transportation, electronics, medical, industrial, and consumer end-markets. The Safety & Construction segment includes engineered products and integrated systems for the construction, worker safety, energy, oil and gas, transportation, medical devices, and water purification and separation. The company is headquartered in Wilmington, DE.

Colgate-Palmolive Co. engages in the manufacturing and distribution of consumer products. It operates through Oral, Personal and Home Care; and Pet Nutrition segments. The Oral, Personal and Home Care segment represents North America, Latin America, Europe, Asia Pacific, and Africa or Eurasia, all of which sell to a variety of retail and wholesale customers and distributors. The Pet Nutrition segment offers pet nutrition products for dogs and cats. The company was founded by William Colgate in 1806 and is headquartered in New York, NY.

Key Stats and Financials As of 2017
Market Capitalization
$1.28B
Total Enterprise Value
$1.51B
Earnings Per Share
$0.67
Revenue
$818M
Net Profit
$31M
EBITDA
$138M
EBITDAMargin
16.83%
Total Debt
$303M
Total Equity
$544M
Enterprise Value Sales
1.84x
Enterprise Value EBITDAOperating
10.94x
TEVNet Income
48.64x
Debt TEV
0.2x
Three Year Compounded Annual Growth Rate Of Revenue
-18.29%
Five Year Compounded Annual Growth Rate Of Revenue
-8.47%
Investors
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Founder at The James & Eleanor Randall Foundation

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Metaldyne Corp. designs and supplies metal formed components. Its products include valve bodies, end cover assemblies, clutch modules, hollowed shafts, powder metal carriers, input/output hubs, connecting rods, rubber dampers, viscous dampers, isolation pulleys, differential gears, sliding sleeves, splined sleeves, suspension components and pistons & housings. The company was founded in 1984 and is headquartered in Plymouth, MI.

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The Heartland Industrial Group was established to acquire and expand industrial companies in sectors ripe for consolidation and growth. Heartland builds value by investing in well-positioned industrial companies, whose talent, technology, assets and market position afford them the opportunity to be a platform for industry consolidation and value-creation.Known as an industrial platform scale up, this differentiated investment model targets sectors such as aerospace components and materials, automotive suppliers, capital goods, chemicals, plastics conversion, metal working and other sectors of the US manufacturing economy where conditions are conducive to buildup strategies.Heartland conducts front-end, in-house and consultant-supported research using customized methods. Platforms are launched only where research reveals unique value generating strategies that can result in the operational scale, business focus and competitive advantage.The firm has a recruiting program designed to outfit each portfolio platform company with a high-powered and heavily incentivized world-class CEO and top management team. To enhance the attractiveness of the CEO position at their platform companies, Heartland makes each CEO an outside partner of the firm, with a large stake in his platform, as well as allows participation in Heartland's overall profits.Platform companies seek to generate value not simply through add-on acquisitions, but via an extensive tool kit of measures designed to create efficiency and bring more value to customers. These include consolidating acquisitions, major CAPEX projects, product innovation, process and technology upgrades, product line expansion and globalization and other strategic initiatives.Heartland's front-end emphasis on selection of only very high potential buildup platforms will be supplemented by a commensurate focus on positioning, seasoning and staging its platforms for optimal growth. Heartland prepares each platform to achieve the highest level of valuation possible.

Suppliers
STAG Industrial, Inc. Real Estate Investment Trusts | Boston, MA

STAG Industrial, Inc. is a real estate investment trust. It engages in the acquisition and operation of industrial real properties assets. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.

Competitors
Ford Motor Company Automobiles - DEARBORN , MI

Ford Motor Co. engages in the manufacture, distribution, and sale of automobiles. It operates through the following segments: Automotive and Financial Services. The Automotive segment engages in designing, manufacturing, marketing and servicing of Ford cars, trucks, SUVs, and electrified vehicles, as well as Lincoln luxury vehicles. The Financial Services segment consists of Ford Credit, which offers automotive financing products to and through automotive dealers. The company was founded by Henry Ford on June 16, 1903 and is headquartered in Dearborn, MI.

General Motors Company Automobiles - Detroit, Michigan

General Motors Co. engages in the designing, manufacturing, and selling of cars, trucks, and automobile parts. It also provides automotive financing services through General Motors Financial Company, Inc. The firm operates through the following segments: GM North America, GM International, and GM Financial. It sells vehicles under the Chevrolet, Cadillac, Baojun, Buick, GMC, Holden, Jiefang, Wuling, Maven, and OnStar brands. The company was founded by William C. Durant on September 16, 1908 and is headquartered in Detroit, MI.

Berkshire Hathaway, Inc. Other Insurance Services - Omaha, NE

Berkshire Hathaway, Inc. engages in the provision of property and casualty insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, retailing, and services. It operates through following segments: GEICO, General Re, Berkshire Hathaway Reinsurance Group, Berkshire Hathaway Primary Group, Burlington Northern Santa Fe, LLC, Berkshire Hathaway Energy, McLane Company, Manufacturing, Service and Retailing, and Finance and Financial products. The GEICO segments involves in underwriting private passenger automobile insurance mainly by direct response methods. The General Re offers underwriting excess-of-loss, quota-share, and facultative reinsurance. The Berkshire Hathaway Reinsurance Group segment consists of underwriting excess-of-loss and quota-share reinsurance for insurers and reinsurers. The Berkshire Hathaway Primary Group segment comprises of underwriting multiple lines of property and casualty insurance policies. The BNSF segment operates railroad systems in North America. The Berkshire Hathaway Energy segments deals with regulated electric and gas utility, including power generation and distribution activities, and domestic real estate brokerage and brokerage franchisor. The McLane Company segment offers wholesale distribution of groceries and non-food items. The Manufacturing segment includes industrial and end-user products, building products, and apparel. The Service and Retailing segment involves providing fractional aircraft ownership programs, aviation pilot training, electronic components distribution, and retailing. The Finance and Financial Products segment includes manufactured housing and consumer financing; transportation equipment, manufacturing and leasing; and furniture leasing. The company was founded by Oliver Chace in 1839 and is headquartered in Omaha, NE.