TransAxle Holdings, LLC has sold its off-highway division to Swanson Industries, Inc. to enhance focus on core operations while tapping into growth opportunities in the remanufactured equipment sector.

Target Information

TransAxle Holdings, LLC, referred to as TransAxle, is a prominent independent remanufacturer specializing in transmissions, differentials, and hydraulics. The company is known for providing comprehensive drivetrain solutions that cater to medium and heavy-duty commercial trucks, as well as off-highway vehicles. Through its extensive branch network and wholesale partnerships, TransAxle employs a standardized, certified process to replace worn or unusable components with both new and used parts, effectively restoring these units to meet or exceed industry standards.

Recently, SSG Capital Advisors, LLC acted as the investment banker for TransAxle in the sale of its off-highway division to Swanson Industries, Inc., a portfolio company of Turnspire Capital Partners. This significant transaction was finalized in June 2025.

Industry Overview

The off-highway equipment industry in the United States has seen steady growth due to increasing demand for efficient machinery in sectors like construction, agriculture, and mining. The indu