Private Equity Group Buys Aftermarket A/C Company - aftermarketNews

Private Equity Group Buys Aftermarket A/C Company

An affiliate of Castle Harlan Partners V has completed the acquisition of IDQ Holdings, an industry leader in Do-it-Yourself branded automotive aftermarket products for servicing and repairing automotive air conditioners.

NEW YORK – Castle Harlan, Inc., the New York private equity investment firm, announced today that an affiliate of Castle Harlan Partners V has completed the acquisition of IDQ Holdings, Inc., an industry leader in Do-it-Yourself ("DIY"), branded automotive aftermarket products for servicing and repairing automotive air conditioners. The total transaction is valued at approximately $160 million before working capital adjustments.

Castle Harlan said the company will continue to operate under the IDQ name. IDQ products – such as air conditioning recharge and retrofit kits, premium refrigerant blends, specialty chemicals, straight refrigerants and a wide range of complementary DIY and professional-use items – include brand names such as Arctic Freeze, Sub Zero and Super Seal Stop Leak. These products are sold to consumers through a blue-chip customer base representing approximately 25,000 retail stores. These include chains, such as AutoZone, Advance Auto Parts, Wal-Mart, O’Reilly, NAPA, Pep Boys and others. The company also sells a full range of commercial air conditioning products designed for automotive repair shops.

IDQ was sold by Arsenal Capital Partners, a private equity firm based in New York. IDQ is headquartered in Garland, Texas, and has offices in Tarrytown, N.Y. IDQ’s management will continue to operate the company and will be investing in the transaction alongside Castle Harlan Partners V.

IDQ CEO Michael Klein said, "We plan to build on our unparalleled breadth of product offerings and provide our customers, and the market in general, a focus on quality, service and value. We are delighted to be joining Castle Harlan, which has a long history of partnering with management teams to realize shareholder value through superior customer service."

You May Also Like

Dana Participating in Easter Jeep Safari

The event will take place in Moab, Utah, March 23-31.

Dana to Participate in Easter Jeep Safari 2024

Dana Incorporated will participate in Easter Jeep Safari 2024, held March 23-31 in Moab, Utah. Dana products will be on site and available for demonstrations.

“At Dana, we are committed to rigorously testing and validating our products in the most challenging conditions to guarantee superior quality, durability, and performance,” said Bill Nunnery, senior director, sales and marketing, global aftermarket for Dana. “Easter Jeep Safari features rugged trails that offer us an ideal terrain for product trials. The event also gives us the opportunity to engage with Jeep enthusiasts and understand how we can enhance their off-road experiences through vehicle customizations.”

ZF Aftermarket Releases 80 New Parts

The latest additions expand coverage to more than 5 million vehicles in operation.

ZF Aftermarket Releases 80 New Parts
Schaeffler Highlights ESG Progress in 2023 Sustainability Report

Schaeffler is currently focusing on seven key ESG goals in the implementation of its sustainability strategy.

Schaeffler 2023 Sustainability Report
CMA, DoubleCoin to Showcase Long-Haul Steer Tires at MATS

Company reps will be on-site to answer questions, schedule meetings and coordinate a raffle of outdoor sporting equipment in booth #11140.

tire-distribution-outlook-tire-rack
GB Reman to Host Jackpot Giveaway Winner at Long Beach Grand Prix

Jon Hetzel, owner of Hesski ServiCenter in Levittown, Pennsylvania, will join GB Reman in the company’s hometown next month

GB Reman to Host Jackpot Giveaway Winner at Grand Prix of Long Beach

Other Posts

Bendix Surpasses Worker Safety Goals

Bendix says its Total Case Improvement Rate improved since 2022.

Bendix Announces Worker Safety Statistics
New Rislone ‘DEF Crystal Clean’ Clears P20EE Codes

The product scrubs away crystal contaminants from the selective catalytic reduction systems of diesel cars, trucks and SUVs.

New Rislone DEF Crystal Clean Diesel DEF & SCR Emissions System Cleaner Announced
SMP Announces New Oil Filter Housing Kits

The kits feature multiple design improvements to prevent leaks, according to SMP.

SMP Announces New Oil Filter Housing Kits
NTK Technologies Announces Merger into Niterra North America

The merger will take effect on April 1, and NTK Technologies will begin operating under Niterra North America Inc.

Niterra Merger