The Halifax Group announced recently it has completed an investment in AAMP Holdings, Inc., a global manufacturer of vehicle aftermarket and OEM technology, and former portfolio company of Audax Private Equity. Halifax partnered with CEO Jamie Fraser and AAMP’s management team, which will remain with the company after the transaction. Terms of the deal were not disclosed.
Founded in 1987 and headquartered in Clearwater, Florida, AAMP designs and distributes a broad suite of technology products for the automotive aftermarket. The company’s R&D capabilities have positioned AAMP as a market leader in highly engineered integration solutions, which allow aftermarket audio, safety and infotainment products to work with factory systems. The company is known for its PAC, Connects2, Stinger and other quality brands, and AAMP is a trusted supplier to installers throughout North America and Europe.
“With a large and aging global car fleet, there is significant embedded demand for AAMP’s solutions, and the company has market-leading product development capabilities,” said Doug Hill, partner at Halifax. “As a result, AAMP is well-positioned to capitalize on the growing need for aftermarket audio, safety and infotainment products that integrate seamlessly with OEM systems. We look forward to pursuing the next phase of growth for the company in partnership with Jamie Fraser and the executive team.”
“We are excited to partner with Halifax as we look to expand our business in the U.S. and internationally,” said Fraser. “Their financial, operational and strategic support will allow us to continue to provide superior products for our customers and to accelerate execution of our strategic plan for the company.”
“AAMP has benefited from decades of investment in R&D, and the company occupies an attractive position in the market as a result. We are excited to partner with the AAMP management team to continue that legacy, and we look forward to growing the business together, both organically and through acquisition, for years to come,” added Jamie Cavanaugh, VP at Halifax.