Company specializes in manufacturing and distributing coatings for automotive refinish and aftermarket applications
Cleveland—Transtar Holding Company, has announced that Axalta Coating Systems has signed a definitive agreement to acquire The CoverFlexx Group. The transaction is anticipated to close in the third quarter, pending regulatory approval and customary closing conditions. Baird served as the exclusive financial advisor to CoverFlexx on this transaction.
The CoverFlexx Group, a subsidiary of Transtar Holding Company, specializes in manufacturing and distributing coatings for automotive refinish and aftermarket applications. Brands under The CoverFlexx Group umbrella include Transtar Autobody Technologies, Pro Form and Aftermkt Armor products. The CoverFlexx Group operates with a workforce of over 120 employees across manufacturing and product development facilities located in Brighton, Michigan, and Milton, Ontario.
This move allows Transtar Holding Company to focus exclusively on the growth of NexaMotion Group, a portfolio of technology-driven automotive aftermarket businesses that offer a complete suite of mechanical auto repair products and e-commerce solutions.
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