Nu-Star Inc.
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Nu-Star Inc. - overview
Established
1959
Location
Minneapolis, MN, US
Primary Industry
Industrial Machinery
About
Based in Minnesota, US, and founded in 1959, Nu-Star Inc. , operates as a designer, manufacturer, and distributor of battery-powered material handling equipment like electric tugs and pushers, which enables moving solutions in different industries. In November 2023, Traction Capital acquired Nu-Star Inc. As of 2023, the company is led by its president and CEO, Scott Lorch, and has a client base including companies like Avis America, Inc.
, Bayer Corporation, Bayliner Marine Corp. , Bemis Company, and many more. The company offers various material handling machines that include Extra-Duty PowerPusher™, Automotive PowerPusher™, Super PowerPusher™, Dual-Motor Super PowerPusher™, Power Tug™, E-750 Electric Trailer Mover™, Heavy-Duty Trailer Mover™, PowerPusher Dumpster Mover™, E-750 Electric Wheelbarrow™, Hazardous Duty PowerPusher™, PowerPusher Rail Mover™, and amny more used for a wide range of load-moving applications in automotive dealerships and service centres, cables, reels and paper rolls, ceramics, construction, and many more industries. Following the November 2023 acquisition, the company plans to further develop and implement new technologies and fuel its growth.
Current Investors
Traction Capital
Primary Industry
Industrial Machinery
Sub Industries
Industrial Machinery
Website
www.powerpusher.com/about-nu-star/
Verticals
Manufacturing
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Nu-Star Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | Nu-Star Inc. | - |
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Nu-Star Inc. - employee data
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