BIRMINGHAM, Ala. – M&A advisory firm Angle Advisors announced yesterday that the Los Angeles-based private investment firm Marlin Equity Partners has acquired ATC Drivetrain Inc. from GENCO ATC.
Angle Advisors acted as the exclusive investment banking advisor to GENCO ATC and ATC Drivetrain in managing this transaction.
Based in Oklahoma City, Okla., ATC Drivetrain is a remanufacturer of transmissions, engines, advanced battery packs and related components for light-, medium- and heavy-duty vehicles. The company’s services include process and salvage engineering, warranty root cause analysis and testing, machining for repair and salvage of components and recycling of non-reclaimable material. ATC Drivetrain serves automotive original equipment manufacturers and aftermarket distributors throughout the United States.
“The ATC Drivetrain team and I are extremely proud and excited to be joining forces with a first-class organization like Marlin Equity Partners,” said Michael LePore, ATC Drivetrain’s president and CEO. “We are in the midst of an explosive growth period and look forward to future product expansion with our new partners. Our world-class team will continue to work directly with our customers to provide unparalleled product quality, innovation and customer service.”
Todd Peters, vice chairman at GENCO ATC, added, “We hired Angle Advisors for their deep experience in the automotive aftermarket and vehicular industries, in addition to their hands-on approach and customized processes. Their strategy proved highly successful, and we are very happy to have consummated such a successful transaction for our customers and teammates.”
Steve Johnson, a principal at Marlin, stated, “We are excited to partner with the industry’s leading transmission remanufacturer and are committed to building on ATC Drivetrain’s longstanding relationships with its blue-chip customers. Our substantial investment reflects our confidence in the platform and our strong belief in the company’s continued growth.”
Marlin Equity Partners currently has more than $1 billion of capital under management. The firm says it invests in businesses across multiple industries where its capital base, industry relationships and extensive network of operational resources can significantly strengthen a company’s outlook and enhance value.
