Houlihan Lokey Advises Dealers Transmission Exchange

Houlihan Lokey is pleased to announce it has advised T.K.T. Enterprises, Inc. (Dealers Transmission Exchange or DTE) on securing a majority investment from Platte River Equity (PRE). The transaction closed on April 13, 2018.

DTE, founded in 1975 and headquartered in Roselle, Illinois, is the leading service provider of powertrain and transmission repair and maintenance services to customers in the mining, oil & gas, metals, and wind generation industries. The company incorporates advanced proprietary technologies to ensure optimal performance and extended life cycles far beyond industry standards.

Based in Denver, Colorado, PRE is a private equity firm focused on equity investments in lower-middle-market operating companies. The firm invests in sectors where it has deep operating and investing experience, including aerospace & transportation; energy & power; agriculture & chemicals; and metals & minerals. PRE has raised funds with committed capital in excess of $1.3 billion.

Houlihan Lokey served as the exclusive financial advisor to DTE and assisted in initiating, structuring, and negotiating the transaction on its behalf. This transaction highlights Houlihan Lokey's expertise in industrial services and power transmission for the oil & gas and mining sectors and demonstrates the firm's capabilities in working with family-owned businesses. With this transaction, Houlihan Lokey has further strengthened its credentials as a premier advisor within the industrial technologies sector.