Engine & Transmission Exchange, Inc. (ETE REMAN, ETE or the “Company”) announced a new partnership agreement with Gauge Capital of Southlake, Texas, (Gauge) to recapitalize the Company.
Founded in 1985, Milwaukee, WI-based ETE REMAN remanufactures and sells automatic transmissions.
“We are excited to partner with Gauge and for the resources they add to ETE REMAN. Gauge’s investment in the business will allow us to accelerate our growth and further invest in our remanufacturing, product development, product quality, and human capital,” said CEO Noah Rickun. “The Gauge team understands ETE’s vision for the future and embraces our commitment to ‘Build transmissions that last a lifetime…and relationships that last forever.’”
ʺWe spent a long time searching for the right partner – one that is good for our employees, our customers, and for ETE,” said Founder Sam Loshak. “I am proud to say that we found that partner in Gauge. They share our core values, and their investment will help us capture a larger share of the transmission market.”
As part of the partnership agreement, Noah Rickun and Sam Loshak will be joined by James Jackson and Kevin Rafferty from Gauge Capital on the Company’s Board of Directors.
For more information, contact David Marx, senior marketing manager at ETE REMAN, [email protected].
