USCO (a portfolio company of One Equity Partners) is a leading global manufacturer and supplier of components for earth-moving machines, including undercarriages, G.E.T. (wear parts), buckets and repair parts.
Founded in 1945 in Birmingham (England), with subsidiaries in Wuxi (China) and in the Maharashtra region (India), Strickland is a world leader in the undercarriage crawler track business.
The acquisition of a majority interest in Strickland allows USCO to enter the OEM segment of the assembly frame for medium-low weight machines and continued development of USCO’s global footprint, increasing its presence in the UK market.
BDO’s financial due diligence report demonstrated an excellent understanding of the business, key commercial considerations and a thorough grasp of some relatively complex financial aspects of the business. The performance of the BDO team underlines their ability to understand, interpret and clearly present business issues in a professional manner. BDO’s input was invaluable to our investment decision on this important transaction and we look forward to working with BDO again in the future.
Steven Lunau Jr., Director, One Equity Partners