Covercraft Industries Announces Recapitalization Agreement With Century Park Capital Partners
Mark Korros, an executive with experience working with leading consumer brands, has joined the company as CEO.
GE Capital Fleet Services To Offer Electronic Truck Compliance System
This additional telematics product offering, which is made available through a partnership with J.J. Keller & Associates Inc. and Verizon Networkfleet, will provide companies with new enhancements, including electronic hours of service and driver vehicle inspection reports for their trucking operations.
Roark Capital Group Acquires Driven Brands
Driven Brands manages a family of automotive companies including MAACO, Meineke Car Care Centers, Merlin 200,000 Mile Shops, Pro Oil Change, Econo Lube & Tune, AutoQual, Aero-Colours and Drive N Style. Collectively, the brands generate annual system revenues of approximately $1 billion through 1,500 locations in 50 states and 2 countries.
Bain Capital To Buy TI Automotive
AUBURN HILLS, Mich. – TI Automotive, a provider of fluid storage, carrying and delivery systems to automotive manufacturers, has entered into a definitive agreement to be acquired by Bain Capital. The existing management team will continue to lead the company. Financial terms of the private transaction were not disclosed. Headquartered in Auburn Hills, Mich., and
Superior Capital Partners Completes Add-On Acquisitions For Rostra Precision Controls, Aldora Aluminum & Glass Platforms
Superior seeks to acquire or recapitalize niche manufacturers, value-added distributors and specialty service companies.
The Gores Group Sells Sage Automotive Interiors To Clearlake Capital Group
Sage is a global supplier of automotive textiles, with offices and manufacturing locations in North America, South America, Europe and Asia.
Pamplona Capital Management To Acquire BBB Industries
Pamplona will invest in BBB from its fourth fund, Pamplona Capital Partners IV LP. The company has significant experience investing in, and growing, automotive businesses globally.
Argonne Capital Group Acquires Lube Stop
Lube Stop was founded in 1985 and is the oldest privately owned quick oil change company in Northeast Ohio. Lube Stop operates 37 locations in the Cleveland and Akron-Canton areas that provide more than 25,000 customers per month with complete oil change and ancillary automotive services.
Bertram Capital Invests In ECS Tuning
A third-generation family business, ECS’ shareholders, Tom and Brian Demrovsky, will serve as co-CEOs of the company, which is based in Wadsworth, Ohio.
GE Capital Increases Commitment In Motorsports Industry By Supporting Emerging Brands
New manufacturer programs include Gibbs, Erik Buell, Bennche and Massimo.