MIAMI – Global private investment firm H.I.G. Capital has announced that its portfolio company, Stant Corp. has acquired Shelby Enterprises Inc.
Based in Romeo, Mich., Shelby supplies filler pipe, vapor line and other products to the automotive industry and has a 25-year track record of servicing many of the largest automotive manufacturers and Tier 1 suppliers in the U.S. and abroad.
“Shelby is a high-quality provider of filler pipe and vapor line products, which is a strategic area in which Stant has been looking to expand and grow. We were very impressed with Shelby’s management, operations, employees’ capabilities and the company’s excellent reputation with its customers. We are excited about the potential to grow this category in the U.S. and abroad in the coming years,” said Curt Howell, Stant CEO. “This deepens our penetration in the vapor emissions category and continues to position Stant well to capitalize on the tightening emissions standards in the automotive, industrial and small engine markets.”
Anthony Pacitto, Shelby’s president, who will continue with Stant, added, “We are excited about the opportunity to leverage Stant’s resources and continue our track record of growth. Stant’s strong technical capabilities, global footprint, solid balance sheet, robust financial backing and strong commitment to its customers were strong considerations for us, and we believe this will help Shelby capitalize on its next chapter of growth.”
“We are pleased to continue to support Stant in its strategic acquisitions,” said Roman Krislav from H.I.G. Capital. “Following our acquisition of Expert in May, which provided Stant with a leading position in carbon canisters, this highly strategic acquisition now positions Stant as a leading supplier in virtually all of the core vapor management products, including gas caps, valves, canisters and filler pipes, as well in the cooling product category. We expect Shelby to flourish within the Stant global platform and believe Stant has the resources to help Shelby convert its strong existing pipeline.”
