KEM Manufacturing to be Acquired by Private Equity Group
KEM Manufacturing announced it had reached an agreement to be acquired by the private equity investor group Jordelle Partners, LLC. The closing of the deal is scheduled for mid-August.
Private Equity Firm to Acquire Universal Underwriters
An investor group, led by San Francisco-based private equity firm Hellman & Friedman LLC, has signed a stock purchase agreement to acquire Universal Underwriters Group from Zurich Financial Services Group in a deal valued at approximately $1.1 billion. Founded in 1922, Universal Underwriters is the leading provider of property and casualty insurance to U.S. franchised automotive dealerships with an approximate 40 percent market share.
ArvinMeritor Sells Coil Coating Business to Private Equity Firm
ArvinMeritor has sold its wholly owned subsidiary, Roll Coater, Inc., to an affiliate of private equity firm Willis Stein & Partners. The cash purchase price of the stock transaction is approximately $162.5 million.
Private Equity Firms Drive Away With More Auto Parts Deals
The auto parts industry continues to be one of the favorite places for private equity firms to put their money as they invested more than $1.5 billion in the industry in July.
Hopkins Manufacturing Sold to Private Equity Firm
Emporia, Kan.-based Hopkins Manufacturing has been acquired by Friend Skoler & Co., LLC, a private equity firm that invests in leading companies in the smaller end of the middle market. Founded in 1953, Hopkins is a leading manufacturer of specialized towing products and functional accessories for the automotive and recreational vehicle aftermarkets. The company will continue under the management of Hopkins President Bradley Kraft and his senior management team, said Steven Skoler, managing partner of Friend Skoler & Co.
Private-Equity Firm Advent International To Acquire CCC Information Services
CCC provides software for collision repairers, insurance companies and parts suppliers. The company’s client base includes more than 350 insurers and more than 22,000 repair facilities.
Ford Sells Unit to Private-Equity Firm
Ford Motor Co. said Friday it would sell its service-contracts subsidiary to a Connecticut private-equity fund for an undisclosed amount. Trident IV LP, managed by Stone Point Capital LLC of Greenwich, CT, is expected to complete its purchase of Automotive Protection Corp. by June, subject to regulatory approvals and other conditions, Ford said. The sale is a result of Ford’s review of strategic options for the service-contracts business announced in October, Ford said.
Tri-State Enterprises Partners With HCI Equity to Fuel Growth
Tri-State Enterprises, Inc. announced a recapitalization of the company in partnership with HCI Equity Partners.
S&W Performance Group Acquired By Private Investment Firm
The investment will elevate the iconic drag racing chassis and component manufacturer to the next level, says the company.
One Equity to Acquire LKQ’s PGW Auto Glass Business
PGW has 113 facilities across the U.S. and Canada and has long-term relationships with the largest suppliers to the North American aftermarket.
