Houlihan Lokey Advises Kenona Industries

Houlihan Lokey is pleased to announce it has advised Kenona Industries (Kenona) on its sale to Kensington Capital Partners (Kensington). The transaction closed on May 8, 2018.

Headquartered in Grand Rapids, Michigan, Kenona supplies leading automotive OEMs and Tier 1 suppliers with lean, high-volume machining of iron and metals. The company excels in automated, high-volume precision machining, providing components to the automotive industry’s leading manufacturers of high-growth product categories, driven in part by federally mandated requirements. Kenona’s products were utilized in more than 45 different 2017 automobile nameplates, and the company’s components are in over 6 million of the 17 million U.S. vehicles produced annually.

Based in Toronto, Kensington Capital Partners is a leading independent Canadian investor in alternative assets. Founded in 1996, and with over $1.3 billion invested in private equity, venture capital, and alternative funds, Kensington's active management approach and relationship based business has generated top quartile returns for investors.

Houlihan Lokey served as the exclusive financial advisor to Kenona and assisted in initiating, structuring, and negotiating the transaction on its behalf.

This transaction underscores Houlihan Lokey’s long-standing reputation and credentials as a premier advisor to the world’s leading automotive companies.