Palm Tree Securities Advises Detroit Manufacturing Acquisition
Palm Tree Securities LLC served as lead financial advisor to Detroit Manufacturing Systems (DMS) in its acquisition of Android Industries and Avancez to form Voltava.
Detroit Manufacturing Systems' acquisition of Android Industries and Avancez created Voltava, a manufacturer with approximately 5,400 employees across 21 global locations. Voltava is wholly owned by Bruce Smith, who serves as Chairman and CEO. The company is headquartered in Auburn Hills, Michigan. Voltava's creation unites the strengths of three established automotive leaders. Voltava aims to deliver enhanced value to customers through stronger financial capacity and operational scale. The company has annual sales of $1.2 billion and primarily serves major OEMs like Ford Motor Company and Volvo Trucks. Android Industries' estimated annual revenue is $951.7M per year. Avancez's estimated annual revenue is $287.1M per year. Detroit Manufacturing Systems (DMS) specializes in automotive parts and components. Palm Tree Securities also recently advised Sun Mountain Sports on new credit facilities from Sagard and J.P. Morgan. In November 2025, Palm Tree advised TalentSmart, Inc. on a refinancing led by Northstar Capital. Palm Tree was founded in 2010 and has a team of 80, including 9 partners.
