Universal Technical Institute Raises $70M In Private Placement Of Convertible Preferred Stock To Coliseum Capital Management
Chris Shackelton, a co-founder and managing partner of Coliseum Capital, will join the UTI board of directors.
Dave Hardester Joins Spanesi Americas, Forms Capital Collision Equipment
Hardester will be distributing the complete Spanesi product line in Virginia, Maryland, Delaware, District of Columbia and Southeast Pennsylvania as Capital Collision Equipment LLC.
API Releases New Donut Symbol To Differentiate New Diesel Oil
API approved two new diesel oil standards, FA-4 and CK-4, earlier this year.
Private Equity Firm Hall-Capital Partners Acquires Auto/Truck Seat Protection Company
4Knines markets a full line of fabric-based protective liners and seat covers for autos, trucks and other motor vehicles.
ASA Mechanical Leaders Take Telematics Message To Capitol Hill
Members of ASA updated their representatives on the importance of these new technologies to independent automotive repairers and consumers and the efforts of the automotive industry to work together.
MFC Corp. Completes Recapitalization And Management Buy-Up
Based in Maumee, Ohio, MFC manufactures highly engineered, patented and proprietary flow-formed and cold-formed components for the automotive, heavy truck, agricultural industries, among others.
Robert Bosch Venture Capital Sets Up Fund To Focus On Disruptive Start-ups
Bosch CEO Dr. Volkmar Denner (pictured): “Robert Bosch Venture Capital successfully shapes the innovation leadership of Bosch through valuable connections to the start-up ecosystem.”
ASA Testifies On Capitol Hill Regarding PARTS Act Legislation
The PARTS Act limits the term of protection for patented designs of automotive repair parts used to restore automobiles.
Oaktree Capital Management Acquires Electric Vehicle Service Provider Solarrus Corp.
Michael Cardito, managing director of Oaktree, commented, “We are very optimistic about the outlook for renewable energy capacity additions and the growing demand for operations and maintenance services needed to support this infrastructure. Solarrus has a strong position in the electric vehicle charging station market and we believe this is a nascent industry with enormous growth potential.”
Huron Capital Partners Completes Recapitalization Of Drake Automotive Group
A provider of branded aftermarket accessories and restoration parts, Drake received investment support from the Detroit-based firm.