Prestolite Electric Acquired by First Atlantic Capital - aftermarketNews

Prestolite Electric Acquired by First Atlantic Capital

Prestolite Electric Holding, a manufacturer of alternators and starter motors for heavy-duty, military and industrial applications, has been acquired by an affiliate of First Atlantic Capital, Ltd, a New York City-based private equity investment firm. First Atlantic Capital specializes in acquiring and growing both private and publicly owned middle-market companies, as well as subsidiaries and divisions of large corporations.

ANN ARBOR, MI — Prestolite Electric Holding, a manufacturer of alternators and starter motors for heavy-duty, military and industrial applications, has been acquired by an affiliate of First Atlantic Capital, Ltd, a New York City-based private equity investment firm. First Atlantic Capital specializes in acquiring and growing both private and publicly owned middle-market companies, as well as subsidiaries and divisions of large corporations.

Previously, Prestolite Electric was controlled by Genstar Capital, ULC.

In conjunction with the acquisition, Prestolite Electric Inc., the principal operating subsidiary of Prestolite Electric, has called its 9 5/8 percent Senior Notes for redemption.

“First Atlantic has a strong track record of growing its portfolio companies, while adding significant value to their operations,” said P. Kim Packard, president and CEO of Prestolite Electric. “I am confident that, as partners, we can continue the growth Prestolite Electric has enjoyed over the past several years.”

For additional information, go to: www.prestolite.com.

_______________________________________

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

You May Also Like

MPA Introduces New Brake-Related Product Part Numbers

The new part numbers are offered through QB, Quality-Built and Quality-Built Black Series brands powered by MPA.

Quality-Built-brake-parts-MPA

Motorcar Parts of America Inc. announced it has introduced expanded product coverage for its Quality-Built brake pad and rotor program, with more than 20 new part numbers covering an additional seven million vehicles in operation.

The new part numbers are offered through QB, Quality-Built and Quality-Built Black Series brands powered by MPA, which serve the professional installer market. A list of the new part numbers is available here.

FCS Introduces 18 New Numbers in February

The new release includes 4 shock absorbers and 14 suspension struts.

FCS Introduces 18 New Numbers in February
Victor Reinz Reinzosil Sealant Added to Spicer CV Service Kits

Victor Reinz Reinzosil vulcanizing silicone boosts resistance to various fluids, making it sensor-safe for a wide range of applications.

Victor Reinz Semi Truck Reinzosil
Tenneco Introduces Add-On Valve Technology 

The company says the RideRefine SDD valve brings new levels of versatility, tunability and comfort to passive damper performance.

Valvoline Ushers in New Era of Environmental Stewardship

Valvoline is providing solutions for ICE vehicles to be as clean and long-living as possible to benefit the environment of today and tomorrow.

Roger_England

Other Posts

Lumileds Debuts New Philips Automotive Lighting Website

The site features an entirely new design that brings together the full breadth of the Philips portfolio of automotive lighting and accessories in North America.

Lumileds Debuts New Philips Automotive Lighting Website
AP Emissions Releases New Part Numbers for February

The 12 new SKUs cover 6 million VIO.

AP Emissions February new SKUS
Chevron Introduces New Rykon Formula to Grease Product Line

The new calcium sulfonate complex-based grease is designed for heavy-duty and extreme pressure applications.

Chevron-logo
Standard Motor Products Expands Emission Control Program

SMP’s program features more than 3,500 parts, including EVAP, EGR and positive crankcase ventilation products.

Standard Motor Products Expands Emission Control Program