American Capital Invests $33 Million in Qualitor - aftermarketNews

American Capital Invests $33 Million in Qualitor

American Capital Strategies Ltd., a publicly-traded buyout fund, has invested $33 million in Qualitor Inc., a diversified automotive aftermarket parts manufacturer. Founded in 1999, Southfield, Mich.-based Qualitor manufactures application-specific wear products, including brake components, wiper blades, engine control devices and heavy duty truck parts. The company has eight manufacturing, distribution and storage facilities in Connecticut, Florida, Michigan and Ohio and employs nearly 800 people.

BETHESDA, MD — American Capital Strategies Ltd., a publicly-traded buyout fund, has invested $33 million in Qualitor Inc., a diversified automotive aftermarket parts manufacturer.

Founded in 1999, Southfield, Mich.-based Qualitor manufactures application-specific wear products, including brake components, wiper blades, engine control devices and heavy duty truck parts. The company has eight manufacturing, distribution and storage facilities in Connecticut, Florida, Michigan and Ohio and employs nearly 800 people.

American Capital’s investment in Qualitor takes the form of senior and junior subordinated debt and preferred and common equity. A syndicate of lenders led by Antares Capital Corp. is investing in a revolving credit facility, senior term loans and a second lien term loan. Thayer Capital Partners is the lead investor and majority owner in Qualitor with Baird Capital Partners playing an active supporting role in the transaction.

American Capital Managing Director David Ehrenfest Steinglass said Qualitor has strong market share across its product lines, creating a strong position in the market. “The company’s unique attributes in each major product category, including rapid turnaround times, reliable fulfillment capabilities and outstanding design and reverse engineering capabilities, create a sustainable leading market position,” said Steinglass. “As the automotive aftermarket experiences stable, accelerating growth trends resulting from increasing vehicle miles driven and a higher proportion of SUVs and trucks on the road, Qualitor can expect an increase in demand for its line of replacement wear products.”

_______________________________________

Click here to view the rest of today’s headlines.

You May Also Like

Rotary’s New XA12 Alignment Scissor Lift

Shops can offer alignment services with bay space to spare, and techs can perform alignments on a wider range of vehicles.

Rotary, part of Vehicle Service Group (VSG) and Dover, today announced the addition of the new XA12 Alignment Scissor Lift to its extensive line of automotive lifts for independent shop owners, dealership service departments and car enthusiasts.

The XA12 serves as the ideal small bay alignment lift solution with the largest 4-wheel alignment wheelbase range available in its class. With a 78- to 164-inch 4-wheel alignment wheelbase range and 12,000-pound lifting capacity, the XA12 is designed with space and flexibility in mind. Shops can offer alignment services with bay space to spare, and technicians can perform alignments on a wider range of vehicles.

GRI Receives US DOT Certification For Safety

GRI tires will now incorporate the DOT code emboss on its side walls.

Mevotech Adds 2,300+ New Original Grade Part Numbers

Highlights from the new Original Grade release include control arms and ball joints.

TCCI Manufacturing Unveils High-Voltage Electric Compressor

The 850V compressor, unveiled at MACS 2023, is available in 34cc/46cc/60cc/120cc.

BBB Industries Releases 28 Remy New Part Numbers 

The new part numbers cover more than 9.3 million vehicles.

Other Posts

Dayco Launches Electrically Controlled Water Pump Line

The new technology addresses a higher-than-normal failure rate with the OE pumps.

Engine Pro Honors S.A. Gear with Performance Award

S.A. Gear was recognized with a Fulfillment and Accuracy Award during Engine Pro’s annual supplier meeting.

Driven Brands Rings Nasdaq Closing Bell

CEO Jonathan Fitzpatrick rang the Nasdaq closing bell on Jan. 13, in honor of the company’s 2-year listing anniversary.

Nokian Tyres Invests $174M To Double Dayton Factory Production

Nokian’s Dayton factory expansion includes a 600,000-tire warehouse.