Cleveland-Based Buyout Firm Acquires Phillips & Temro Industries
Morgenthaler Partners, private-equity buyout firm based in Cleveland, Ohio, has acquired Phillips & Temro Industries (PTI), a supplier of products for diesel engine related markets. Phillips & Temro supplies cold start and emissions control products to both the aftermarket and original equipment market through its brands ZeroStart, Temro, EM Products, Cowl and Cab Power.
Forbes 400 Platinum List Features Many Automotive Aftermarket and Transportation Players
Since 1999, Forbes magazine has published annually its Forbes 400 Platinum list, which picks the “Best Big Companies” from 26 different industries. There were a number of notable automotive, aftermarket and transportation names among the list this year.
Aftermarket Companies Make USA Today’s List of Most Overpaid/Underpaid Executive Teams
USA Today recently published an independent study identifying the most underpaid and overpaid executive teams leading public companies in 2003. Among these companies were a number of names you may recognize as major players in the automotive aftermarket.
NACE Announces Dates and Location for 2004 Event
The 2004 International Autobody Congress & Exposition (NACE) will take place during the same week as Automotive Aftermarket Industry Week (AAIW) in Las Vegas. NACE will be held Nov. 3-6, at the Mandalay Bay Resort & Casino, in Las Vegas. NACE is the world’s collision repair event and draws an attendance of more than 30,000 from around the globe. It features more than 60 educational sessions and an exposition with approximately 500 exhibiting companies. The Automotive Service Association (ASA) sponsors NACE.