Complex Carve-Out of Two Brands

Year

2022

Sectors

Mobility

Challenge

  • Complex carve-out of two brands in the design & manufacturing of commercial and LEV vehicles
  • Capital-intensive business dealing with COVID-era supply-chain shortages on the brink of break-even
  • Deep sector expertise required to formulate a narrative to attract prospective buyers despite market headwinds and crowded product segments

Mavka's Role

  • Bespoke equity story to highlight GEM and Taylor-Dunn’s value propositions and untapped opportunity to capture EV technology advancements
  • New vehicle created for management to acquire Polaris’ relevant assets, providing a foundation for Waev to build upon as they continue to gain market share in the EV mobility tech space
  • Provided guidance throughout the process and formation of Waev, where the GEM and Taylor-Dunn product lines will continue operating as stand-alone brands under the leadership of five former Polaris executives

Outcome

  • Under the continued leadership, the business has been optimized for growth and refocused around the customers, dealers and partners GEM and Taylor-Dunn serve
  • The divestiture allowed the management team to reposition the portfolio to drive efficiency and profitability

Inquiries

For further inquiries, please contact:

Vitaly M. Golomb

CEO & Managing Partner

AI, Robotics, Mobility, Energy Transition

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