LOS ANGELES Los Angeles-based investment firm The Gores Group announced today it has invested capital in the Tweddle Group and is partnering with CEO and Owner Andy Tweddle and the company’s management team. Tweddle is a provider of technology and publishing-related services to automotive OEMs and their suppliers. The Gores investment will be used to drive further growth both domestically as well as internationally. Terms of the transaction were not disclosed.
Founded in 1954, Tweddle is a third-generation, family owned business with longstanding relationships across leading automotive OEMs throughout North America, Europe and Asia. The company provides authoring, printing and delivery of owner’s and service manuals through a complex process that involves coordination between Tweddle and thousands of OEM employees across numerous departments. The company is headquartered in Clinton Township, Mich., with offices in Italy, Belgium, China and the U.K.
“For three generations, Tweddle has provided our customers with exceptional support across multiple service offerings including acting as a Tier 1 provider of owner’s and service manual information to OEMs, replacing a complex process with an innovative, value-added technology driven solution,” said Andy Tweddle. “The Gores Group will be an ideal partner as we continue to move our business forward, expanding geographically, across additional OEMs and into new technologies.”
“Tweddle represents a compelling opportunity to partner with a deeply entrenched, dominant player in a niche market with an outstanding team,” added Anthony Guagliano, managing director of The Gores Group. “We are excited to partner with Andy Tweddle and the management team in continuing to develop and deliver market leading services to its customers.”