LOS ANGELES – OpenGate Capital, a global private equity firm, has announced that it is closing on its acquisition of Ride Control Mexicana S de R.L. de C.V., a subsidiary of Ride Control LLC. Owned by ArvinMeritor, Ride Control Mexicana manufactures shock absorbers and strut assemblies for light trucks and passenger cars. This marks OpenGate’s second acquisition in the automotive sector. Terms of the transactions were not disclosed.

This transaction follows closely with OpenGate’s acquisition of another former ArvinMeritor business -- Gabriel North America (NA) -- which it purchased less than two months ago. OpenGate Capital announced in June that it would acquire Gabriel North America (NA), a leading provider of shock absorbers and strut assemblies, from ArvinMeritor.

OpenGate Capital is an opportunistic private equity firm that acquires controlling interests in businesses with solid fundamentals which exhibit opportunities for operational improvements and growth.