Tri-State Enterprises, Inc. announced a recapitalization of the company in partnership with HCI Equity Partners.
LKQ has sold GSF to Epiris, a private-equity fund based in the United Kingdom.
The acquisition would be an all-cash transaction of $13 per share.
Watch episode 1 in which CEO Rick Schwartz discusses the reason why private equity entered the automotive aftermarket.
Kian Capital acquired a Meineke franchisee to establish PARC Auto with 15 locations in the Louisville, KY, area.
The sale of Stanadyne’s assets gives it $35 million in capital investments from an investor group.
The move is expected to accelerate growth and investment in ETE’s business.
Sterling will partner with John Adams, an executive with 25 years of experience in the automotive aftermarket industry and former CEO of Full Speed Automotive, to build the Premier platform.
The transaction will create one of the largest private global providers of aluminum wheels for the automotive OEM market.
The investment will elevate the iconic drag racing chassis and component manufacturer to the next level, says the company.
The off-road and overlanding accessories company enhances Horsepower’s offerings for trail-ready Toyota and Lexus vehicle platforms.