Stanadyne Completes Transaction to Support Long-Term Growth

Stanadyne Completes Transaction to Support Long-Term Growth

The sale of Stanadyne's assets gives it $35 million in capital investments from an investor group.

Stanadyne Operating Company LLC , a newly formed entity supported by an investor group led by affiliates of Cerberus Capital Management, L.P. (“Cerberus”), announced that it has completed its acquisition of substantially all of the assets of Stanadyne LLC and certain of its affiliates. The company said the sale of its assets strengthens its balance sheet with $35 million in capital investments from the Cerberus-led investor group.

Stanadyne, which designs, manufactures, and remanufactures fuel delivery systems and components for gasoline and diesel engines as well as low-carbon alternative fuels, filed for Chapter 11 bankruptcy in February. At the time, the fuel pump maker said it had assets and liabilities of as much as $500 million each in its bankruptcy petition, according to Bloomberg Law News.

“The Stanadyne platform has become a global automotive technology leader known for its innovation, quality and reliability,” said Joseph Naccarato, chief credit officer and COO of Cerberus Business Finance. “For more than 70 years, the business has supported the advancement of fuel systems with cutting-edge technologies. With a strong foundation, Stanadyne can drive growth to meet the distinct needs of customers both today and in the future. We look forward to working with the team to deliver best-in-class engine solutions.”

Founded in 1992, Cerberus is an alternative investing firm with approximately $60 billion in assets under management across complementary credit, private equity and real estate strategies. The company says it invests across the capital structure where it believes its integrated investment platforms and proprietary operating capabilities create an edge to improve performance and drive long-term value.

You May Also Like

GSP Announces July New Products

The company has released 162 ADVANTEDGE Loaded Struts, 26 Wheel Hub Assemblies and 4 PrePressed Wheel Hub Assemblies.

GSP-Announces-July-New-Products

GSP North America announced the release of several new products for July.

The company has introduced 162 ADVANTEDGE Loaded Struts, 26 Wheel Hub Assemblies and 4 PrePressed Wheel Hub Assemblies.

All new products are in stock and ready to ship, according to GSP.

US Motor Works: From Pumps to Powerhouse

Driven by a relentless focus on quality and operational excellence, US Motor Works has evolved into a leader in cooling and fuel systems.

US Motor Works
Standard Motor Products Adds 186 New Numbers in June

SMP said emission control is one of several engine system categories that see continued expansion.

Standard-Motor-Products-Adds-186-New-Numbers-in-June
Valvoline Releases Corporate Social Responsibility Report

The report highlights Valvoline’s fiscal year 2023 people, safety, environmental and innovation initiatives.

Valvoline-corporate-social-respon-report
HELLA PAGID Launches Semi-Metallic Brake Pad Line

The new brake pad line “delivers exceptional performance while maintaining the highest standards of safety and reliability, the company said.

Hella-Pagid-brake-pads
Other Posts
NDN Inc. Joins VIPAR Heavy Duty

Co-owned by husband-and-wife team James and Natalie Tabet, NDN Inc. operates Filters & Friction in Grand Junction, Colorado, and Bubble City Truck Stop in Farmington, New Mexico.

VIPAR hold semi-annual meeting
SMP to Acquire European Supplier Nissens Automotive

The transaction is expected to be complete in the second half of 2024.

Distribution Mergers and Acquisitions Lessons Learned

Mike Buzzard, managing partner at Schwartz Advisors, highlighted the unique dynamics of family-owned businesses in the automotive aftermarket, drawing from his personal experience.

SchwartzReport_Buzzard_Mergers_1400x700 copy
Lumileds Introduces Xperion 3000 LED Light

The Under Bonnet LED light offers up to 1,200 lumens and articulating LED lightbars to direct the beam where it’s needed.

Lumileds-Releases-Xperion-3000-Under-Bonnet-LED-Light