ZAK Products Named One Of America’s Fastest-Growing Private Companies By Inc. Magazine
Company makes it to the list for the second consecutive year, propelled by a 76 percent growth rate since 2010.
Palladium Equity Partners Completes Sale Of ABRA Auto Body & Glass
Following Palladium’s investment in October 2011, ABRA expanded its repair center footprint from 110 centers in 12 states to 240 centers in 19 states and significantly grew revenue and EBITDA.
Torvec Completes $5 Million Private Placement
Company intends to raise up to an additional $1 million.
Federal-Mogul Announces Plans To Pursue Credit Facility Amendment And Equity Offering
Principal stockholder Icahn Enterprises L.P. makes substantial new investment in the company.
ATC Drivetrain Acquired by Marlin Equity Partners
Based in Oklahoma City, Okla., ATC Drivetrain is a remanufacturer of transmissions, engines, advanced battery packs and related components for light-, medium- and heavy-duty vehicles.
Delphi Sale to Platinum Equity Rejected by Creditors
Delphi’s plan to sell its business to Platinum Equity, with financial support from former parent company General Motors, is one of two deals currently on the table.
Alcoa Completes Divestiture of Wire Harness and Electrical Distribution Business to Platinum Equity
The wire harness and electrical distribution business is the largest part of the Alcoa Electrical and Electronic Solutions business, which the company announced was for sale in January.
LIVE FROM GAAS: Attendees Divided Over Private Label Products, Brands
Probably not surprisingly, the attendees at the Global Automotive Aftermarket Symposium can’t agree on whether private label products are a positive trend in the industry. When 425 attendees were polled Tuesday using electronic audience response devices, 51 percent of distributors said they believed private label brands were a positive aftermarket industry trend. By contrast, 71 percent of manufacturers said it wasn’t a positive trend. However, when the audience as a whole was asked if private label products were corrosive to brands, 68 percent responded yes.
Slime-Maker Gets an Equity Partner
From San Luis Obispo Tribune Grover Beach, CA’s Accessories Marketing Inc. (AMI), manufacturer of Slime tire sealant and tire care products, has sold a portion of the company to Friend Skoler & Co. Inc., a New Jersey private equity firm. The new partnership gives AMI additional financial capital to expand and an opportunity to cross-sell
Northrop Grumman Sells Remaining TRW Automotive Equity Stake for $209 Million
Northrop Grumman has sold its remaining equity investment in TRW Automotive Holdings Corp. The company sold 9,743,500 shares of TRW Automotive Holdings Corp. for approximately $209 million, or about $21.41 per share. The sale, which is expected to close on or before Friday, Nov. 10, will result in a fourth quarter 2006 after-tax gain of approximately $72 million, or 21 cents per diluted share.