FleetPride Inc., a US-based independent distributor of aftermarket heavy-duty parts and services, has announced its acquisition of OTR Fleet Service LLC, a major player in fleet maintenance based in Houston. The acquisition enables FleetPride to broaden its service capabilities throughout Texas by incorporating OTR's expertise in on-site mobile maintenance and repair services for heavy-duty trucks and trailers. OTR Fleet Service, known for its extensive reach in Texas with service center...

American Tire Distributors has recently concluded the sale of all its assets to a group of well-financed investors keen on fostering long-term growth. This move has led to the formation of a new entity, which will continue to operate under the name American Tire Distributors (ATD). The new company aims to enhance its growth trajectory and establish itself as a significant player within the replacement tire distribution sector. The strategy revolves around concentrating on its primary tire dis...

RealTruck Inc., a global aftermarket product and accessory brand catering specifically to truck, Jeep, Bronco and off-road enthusiasts, has officially completed the acquisition of Vehicle Accessories Group (VAI). This is set to significantly expand market opportunities for both RealTruck and VAI by leveraging RealTruck's extensive global aftermarket network and advanced e-commerce platform. In a statement, Carl-Martin Lindahl, CEO of RealTruck, highlighted that VAI's strengths in producing...

US-based Auto Care Plus (ACP), operating under the Straightaway Tire & Auto brand, an independent, full-service aftermarket automotive repair and service platform, has recently completed the acquisition of Quick Stop Tire Shop, a tire service and automotive care provider located in Plaistow, New Hampshire. The acquisition adds a 17th location to ACP's southeastern New Hampshire operations, further solidifying its market presence in the region, the company said, adding that Quick Stop Tire...

Victory Auto Service, a subsidiary of US-based Straightaway Tire & Auto, an independent, full-service aftermarket automotive repair and service platform, has announced the acquisition of Stillwater Auto Clinic. The expansion extends Victory Auto Service's footprint into the eastern Minneapolis metro area, reinforcing its commitment to partnering with trusted neighborhood auto repair shops. Stillwater Auto Clinic, known for its auto repair services within the Oak Park Heights com...

Driven Brands, a US-based automotive aftermarket repairing and servicing company, has announced its decision to sell its US car wash business to Express Wash Operations LLC, doing business as Whistle Express Car Wash (Whistle), for a sum of $385 million. The move, according to Jonathan Fitzpatrick, the president and CEO of Driven Brands, is aimed at reducing the company's debt and concentrating on expanding the Take 5 Oil Change brand along with its other franchised brands that generate stabl...

Lithia & Driveway (LAD), an automotive retailer in North America that also provides a suite of financing, leasing, repair and maintenance options, announced the acquisition of Stohlman Subaru, a full-service Subaru dealership located in Sterling, Virginia. The move aims to expand LAD's operations in the Mid-Atlantic region, an area known for its strong performance in the automotive industry. "We are thrilled to welcome the talented Stohlman Subaru team to the Lithia & D...

Japan's Yokohama Rubber has finalized its acquisition of the Off-the-Road (OTR) Tire business from The Goodyear Tire & Rubber Co., a tire manufacturing and sales firm based in the US. The move follows the initial agreement announced July 22, 2024. The OTR business specializes in producing tires for industries such as mining and construction. Yokohama Rubber intends to incorporate this newly acquired business into its consolidated results starting from the first quarter of 2025, with ongoi...

German automotive supplier MAHLE has agreed to sell its 40% minority share in Langfang Kokusan Electric Co. Ltd., a company specializing in the production of electric motors, generators, and other electrical products for the automotive and leisure equipment industries. This sale will see 28.5% of the shares acquired by Langfang Jinrun Technology Group Co. Ltd. and 11.5% by Langfang State-owned Assets Business Co. Ltd., both co-shareholders in the joint venture. The agreement for this transaction...

FleetPride Inc., a US-based independent distributor of aftermarket heavy-duty parts and service, announced it has acquired the assets of ARS Truck & Fleet Service. Based in New Castle, Delaware, ARS operates 25 service bays in two locations and a mobile service fleet of 16 trucks. This transaction represents the expansion of service on the Eastern Seaboard. ARS, established in 1972, is known for its in-house and on-location repair services for heavy-duty fleets. The announcement...

Fisher Auto Parts, a US-based auto parts distribution network along with a presence in the retail and do-it-yourself customer sectors, has announced the acquisition of New Jersey-based P&A Auto Parts, including its eight locations. Since its establishment in 1982, P&A Auto Parts has been a notable entity in the northeastern New Jersey market, catering to the auto parts needs of the community. The company has been under the leadership of key employees Joe Cupoli and Bill Freedman since...

The Fuchs Group, a Germany-based independent supplier of lubrication solutions, has announced the acquisition of Boss Lubricants GmbH & Co. KG, a family-owned manufacturer of specialty lubricants based in Germany. The strategic acquisition is aimed at enhancing Fuchs Group's specialty business portfolio and opening new opportunities for international growth. Boss Lubricants is recognized for its development, production and distribution of lubricants for various industries, including medic...

Cepton Inc., a high-performance Lidar solutions company based in Silicon Valley, California, has been acquired by Koito Manufacturing, a supplier of automotive lighting systems. This acquisition transforms Cepton into a private, indirect subsidiary of Koito in the US, with its headquarters remaining in San Jose, California. The move aims to further the industrialization of Cepton's advanced Lidar technology for future mobility, leveraging Koito's automotive industry expertise to enhance the comm...

Goodyear Tire & Rubber has signed a definitive agreement to sell its Dunlop brand and associated trademarks and intellectual assets to Sumitomo Rubber Industries (SRI). This strategic move is part of Goodyear's "Goodyear Forward" transformation plan, aimed at optimizing its brand portfolio and enhancing shareholder value. The transaction, valued at approximately $701 million, encompasses the Dunlop brand in Europe, North America, and Oceania across various tire categories, alongside a transi...

Sun Auto Tire & Service, a US-based national network of local tire and service providers, has announced on Dec. 16 its acquisition of 24 Greulich's Auto Repair shops in the Phoenix metro area in Arizona, significantly increasing its presence in the state with a total of 83 locations. Additionally, the company has expanded its footprint by adding three new Plaza Tire Service shops located in Arkansas, Illinois and Indiana. With these latest additions, Sun Auto Tire & Service celebrates...

Micronics Engineered Filtration Group, a subsidiary of Vance Street Capital and a global provider of aftermarket filtration solutions, announced Dec. 16 that it has acquired Action Filtration, a company specializing in pleated and cartridge filters for air-pollution control and environmental protection. This acquisition is aimed at enhancing Micronics' diverse range of engineered filtration solutions aimed at addressing the complex needs of industries focused on environmental emissions cont...

North America’s The Shyft Group, a company involved in specialty vehicle manufacturing, assembly and upfit for the commercial, retail and service specialty vehicle industry, along with Aebi Schmidt Group, has announced a definitive agreement to merge in an all-stock transaction, anticipated to create a leading specialty vehicles company, according to a press release dated Dec. 16. The merger is expected to be completed by mid-2025, pending customary regulatory approvals, including that from...

Northern Wholesale Supply LLC (NWS), a distributor of recreational vehicle (RV), marine and power sports parts and accessories, announced its acquisition by an affiliate of Sun Capital Partners Inc., a private equity firm, according to a press release dated Dec. 16. This acquisition includes all assets of NWS along with the Northern Wholesale Supply LLC trade name. Post-closing, the operation will continue under the Northern Wholesale Supply LLC name, signifying a strategic partnership aimed ...

Continental has announced its decision to sell Zonar Systems, a key provider of smart fleet management solutions, to GPS Trackit, a company specializing in cloud-based, internet of things fleet solutions and GPS tracking. The financial details of the deal remain undisclosed. The strategic move aligns with Continental's Automotive group sector strategy revealed in 2023, focusing on its core strengths and streamlining operations. “The decision to sell Zonar is part of our broader automotive s...

Proma Group, an Italy-based automotive supplier, has signed an investment agreement with Recaro Automotive GmbH on Dec. 4, 2024, to acquire its struggling business in Germany. The investment will allow Recaro Automotive to continue and relaunch its operations across Europe from January 2025. Recaro Automotive GmbH filed for insolvency on Jul. 30, 2024, in the Esslingen District Court, Germany. The court had ordered provisional self-administration and appointed Stuttgart lawyer Holger Blümle ...

The Fuchs Group, a Germany-based independent supplier of innovative lubrication solutions, has announced the successful completion of its strategic acquisition of Strub & Co. AG, a Swiss-based company specializing in the development, production, and distribution of industrial lubricants and specialty products, according to a press release dated Nov. 28. Established in 1921 and located in Reiden, Switzerland, Strub is a family-owned business with a focus on the Swiss market but also oper...

Toshiba Corp. has announced its plan to sell its wholly owned subsidiary Toshiba Materials to Niterra, a Japan-based supplier of ceramic products, according to a press release dated Nov. 25. The two companies signed a share transfer agreement with the aim to complete the transfer by May 30, 2025. Toshiba Materials, rooted in Toshiba's Specialty Materials division, is engaged in the development, manufacture and sales of various advanced materials and products including fine ceramics, high...

MidOcean Partners, an alternative asset manager based in New York and known for its expertise in middle-market investments, has completed the acquisition of Arnott Industries, a North American and European designer, developer, manufacturer, and distributor of air suspension systems and suspension components for the automotive aftermarket, according to a press release dated Nov. 18. Arnott boasts a product line of over 800 items for light passenger vehicles, claiming original equipment qu...

US-based independent manufacturer and distributor of automotive replacement parts, Standard Motor Products (SMP), has announced the finalization of its acquisition of AX V Nissens III APS (Nissens), a European manufacturer and distributor of aftermarket engine cooling and air conditioning products, according to a press release dated Nov. 1. The acquisition, which was initially announced in July, saw SMP taking over all issued and outstanding shares of Nissens for an estimated $390 millio...

Private investment firm Brixey & Meyer Capital (BMC) has announced its acquisition of Smith Equipment Solutions, a company in the technical field services and distribution industry for automotive aftermarket shop equipment, according to a press release dated Nov. 6. The company, previously owned by Wil and Emily Smith who will maintain an ownership stake, is headquartered in Raleigh, North Carolina. Smith Equipment Solutions' expertise lies in the repair, inspection and preventa...

Freudenberg-NOK Sealing Technologies announced that it has acquired Seal Aftermarket Products (SAP) LLC, a Florida-based aftermarket company that sells automotive transmission kits and components, according to a press release dated Nov. 6. SAP will be integrated into Freudenberg Sealing Technologies’ Corteco Division. SAP sells a line of automatic transmission rebuild kits, hard parts, components, electronic products and specialty tools. The financial terms of the transaction were not ...

NexaMotion Group (NMG), a US-based company offering solutions to simplify complex vehicle repair, announced that it has acquired parts distributor City Auto Supply, as part of its national expansion endeavors, according to a press release dated Oct. 31. A distributor of automotive parts that supplies to the auto repair industry, City Auto Supply is known for carrying over 100,000 individual parts. The company operates through three wholesale distributor locations, with two in San Francisco an...

Sweden-based SKF, a supplier of rolling bearings, seals, mechatronics and lubrication systems, announced the completion of the acquisition of John Sample Group’s (JSG's) Lubrication and Flow Management businesses, according to a press release dated Oct. 31. JSG, a company with net sales of approximately 550 million kronor (about $51 million) in the last fiscal year and a workforce of 85 employees, operates across Australia, New Zealand, Indonesia and Singapore. This acquisition will se...

In a strategic move to bolster its presence and services across Africa, IAMaga, the African regional arm of Nexus Automotive International, has announced the acquisition of BTR, according to a press release dated Oct. 21. This acquisition aims to enhance the expansion of suppliers' activities and deliver more services throughout the continent by providing tailored services to suppliers lacking an adequate regional footprint. Nexus said that since its inception, it has focused on delivering va...

Gryphon Investors, a private equity firm, has announced the acquisition of RapidAir, a specialized provider of branded downstream compressed air solutions, from Pfingsten Partners, according to a press release dated Oct. 17. RapidAir, established in 2003, offers a range of products including fittings, accessories, aluminum piping and filtration products catering to various markets such as the automotive aftermarket, transportation and manufacturing. The company's CEO Mark LeMire and its ...

Dobbs Tire & Auto Centers, a US-based entity in the tire and automotive aftermarket service sector, has announced a strategic move into the Texas, US, market through the acquisition of Automotive Super Center (ASC), based in Longview, Texas, according to a press release dated Oct. 10. This venture marks Dobbs' inaugural acquisition with its strategy to grow and consolidate its presence in the fragmented industry of tire and automotive services, the statement added. “We are thrilled t...

Brembo, a global supplier involved in the design and production of high-performance braking systems for the automotive industry, announced that it has signed an agreement to acquire a 100% stake in Öhlins Racing, a premier suspension technology manufacturer for motorcycles and cars, according to a press release dated Oct. 11. The acquisition of Öhlins, from Tenneco, a portfolio company of funds managed by affiliates of Apollo Global Management Inc., represents the largest in Brembo's history a...

Terex Corp. has announced the completion of its acquisition of Environmental Solutions Group (ESG) from Dover Corp., a US-based manufacturer and solutions provider of equipment and components, consumable supplies, aftermarket parts, software, and digital solutions and support services, for $2.0 billion, with a net of $1.7 billion after accounting for expected tax benefits, according to a press release dated Oct. 8. This acquisition is anticipated to significantly enhance Terex's fin...

Aisin World Corp. of America (AWA) has announced the acquisition of business assets from its strategic partner, Leon Import SA (Leon), an aftermarket import and sales company based in the Colon Free Trade Zone, Panama, according to a press release dated Oct. 4. This move, announced by AWA President and CEO Scott Turpin, marks an important milestone following a joint venture formed between AWA and Leon in 2019, which led to the establishment of Aisin Sales Latin America (ASLA), the release add...

Epicor, a US-based provider of industry-specific enterprise software, has announced its acquisition of Solenium Group Inc. and Visual SKUs Inc., according to a press release dated Oct. 1. Both companies are established partners of Epicor and recognized for their product information management (PIM) and digital asset management (DAM) solutions in the automotive aftermarket, the release added. This move is aimed at reinforcing Epicor's position as a key catalog and ecommerce provider withi...

NexaMotion Group (NMG), a US-based company offering solutions to simplify complex vehicle repair, has announced its acquisition of 4M Parts Warehouse, a provider of high-quality auto parts based in Cleburne, Texas, according to a press release dated Oct. 1. Founded in 1977, 4M Parts Warehouse has established itself as a trusted supplier for professional repair shops, bringing with it a network of 17 locations across North Texas and a workforce exceeding 120 employees, the release added. Altho...

Driven Distribution LLC, backed by HCI Equity Partners, has acquired the auto parts and accessories distribution business of Chicago Parts & Sound, according to a report by aftermarketNews dated Oct. 3. This acquisition is a strategic move for Driven Distribution, following its earlier recapitalization of Tri-State Enterprises Inc. in November 2023. Chicago Parts & Sound, established in 1978 and taken over by Bob and Jackie Lederer in 2002, has additional locations in Illinois, US, an...

TruckPro, a US-based provider of heavy-duty truck and trailer products and services, announced that it has expanded its North American presence by acquiring Advanced Distribution, according to a press release dated Oct. 2. This acquisition is part of TruckPro's strategic effort to continue its expansion and enhance its service and support capabilities across North America, signifying a notable development in the truck and trailer service industry. In a statement, Chuck Broadus, CEO of Truc...

High Bar Brands (HBB), a provider of commercial vehicle solutions, has announced its acquisition of BettsHD, a division of the 156-year-old Betts Co. located in Fresno, Calif., according to a press release dated Sept. 5. BettsHD, known for its metal fenders and mud flap hangers, will continue under its brand name within the HBB portfolio. In a statement, HBB President and CEO Christopher Thorpe expressed enthusiasm for incorporating BettsHD, appreciating its history, reputation and ...

Driven Brands, a US-based automotive aftermarket repairing and servicing company, has announced the sale of its Canadian distribution arm, operating under the PH Vitres d'Auto brand (PH), to PGW Auto Glass, a North American glass distributor, according to a press release dated Sept. 3. The sale, finalized on Aug. 31, had its financial terms undisclosed. The Canadian operation, situated within Driven Brands' Platform Services segment, is expected to see the net proceeds from this sale directed...

Rowe Auto Service, a parts supplier located in the US, recognized for its extensive product knowledge, professional service and wide-ranging inventory, has been acquired by Fisher Auto Parts, according to a report by Aftermarket Intel. This acquisition marks Fisher Auto Parts' third acquisition since its significant affiliation with Berrodin Parts Warehouse in October 2023. Furthermore, this purchase accompanies the opening of 32 new greenfield locations in the year to date, in addition to th...

SaverOne, an Israeli technology company engaged in transportation safety solutions, has announced the acquisition of Micronet Ltd.'s Generation-3 camera products and related intellectual property (IP), according to a press release dated Aug. 27. Micronet is a developer of advanced telematics systems, cameras and driver monitoring systems. The acquisition is expected to enhance SaverOne's product portfolio. According to the asset purchase agreement, SaverOne will acquire Micronet's Generation ...

Advance Auto Parts Inc., an automotive aftermarket parts provider in North America, has announced the sale of its wholesale distribution business, Worldpac Inc., to Carlyle-managed funds for $1.5 billion in cash, according to a press release dated Aug. 22. This transaction, expected to close by the year's end, aligns with Advance's strategy to simplify its enterprise structure and concentrate on its blended box business. The sale proceeds will largely be utilized to bolster the company's bala...

US-based automotive aftermarket supplier and remanufacturer BBB Industries announced that it has completed the acquisition of All Star Auto Parts, a little over a month after it first made the announcement, according to a press release dated Aug. 20. All Star Auto Parts, positioned as a growth-oriented business and headquartered in Orlando, Fla., specializes in the provision of alternative automotive replacement parts. Its product lineup includes remanufactured original equipment manufac...

Xcite Automotive, a provider of automotive technology services, offering solutions including professional photography, videography, 360-degree views, reconditioning, and software platforms, has announced its acquisition of Double4 AI, a damage detection AI model that automatically identifies damage to cars, according to a press release dated Aug. 13. Xcite says this move places the company at the forefront of AI technology in the automotive industry. This acquisition enables Xcite to enhance ...

Sweden-based SKF, a supplier of rolling bearings, seals, mechatronics and lubrication systems, has announced its acquisition of John Sample Group Pty. Ltd. (JSG), a move set to significantly bolster its automatic lubrication systems portfolio, according to a press release dated Aug. 14. This acquisition aims to leverage JSG's extensive customer base, sales and distribution network, along with its engineering and service capabilities, to strengthen SKF's position in the lubrication market...

Meko (previously Mekonomen Group), an automotive spare-parts distributor based in Sweden, has announced that it has successfully completed the acquisition of Elit Polska, a move that significantly enhances its footprint in the Polish automotive aftermarket, according to a press release dated Aug. 1. The acquisition was first announced on May 10, 2024, following an agreement with LKQ Corp., the previous owner of Elit Polska. The acquisition has propelled Meko to become the third-largest e...

Moog Louisville Warehouse, a distributor of automotive parts and supplies in the greater Louisville, Ky., and southern Indiana area, announced that it has officially joined Auto-Wares Group of Companies, an aftermarket automotive distribution company headquartered in Grand Rapids, Mich., according to a press release dated Aug. 5. This partnership represents a significant milestone for both organizations, aimed at capitalizing on their combined strengths for future growth and innovation. The t...

Lumileds LLC, one of the world's foremost manufacturers and solution providers in the LED sector, announced that it has officially completed the sale of its Lamps and Accessories business to First Brands Group LLC, a global automotive parts manufacturer serving the worldwide automotive aftermarket, according to a press release dated Aug. 2. The move, which was first announced on May 17, was concluded in July. The company said the transaction marks a strategic move for Lumileds, allowing it to...

The Fuchs Group, a Germany-based independent supplier of innovative lubrication solutions, has announced the completion of its acquisition of the Lubcon Group, a Germany-based producer of high-performance specialty lubricants, on April 22, according to a press release dated July 26. This move signifies a strategic expansion for Fuchs, aiming to enhance its product portfolio, particularly in industrial lubricants and greases, and strengthen its position in the market. Lubcon, known for its ...

Yokohama Rubber has announced its acquisition of Goodyear's Off-The-Road (OTR) tire business, comprising all shares of Nippon Giant Tire Co. Ltd., which operates a dedicated OTR plant in Tatsuno City, Hyogo Prefecture, Japan, and Goodyear Earthmover Pty. Ltd. in Australia, according to a press release dated July 22. The agreed acquisition price is $905 million and the acquisition is subject to regulatory approvals. The deal also includes certain OTR assets at other plants and facilities ...

Dover, a US-based manufacturer and solutions provider of equipment and components, consumable supplies, aftermarket parts, software, and digital solutions and support services, has announced its acquisition of Marshall Excelsior Co. (MEC) for $395 million in cash, according to a press release dated July 22. MEC, which has been in operation for over 48 years and is headquartered in Marshall, Mich., is known for its supply of highly-engineered flow control components used in the transporta...

Dover, a US-based manufacturer and solutions provider of equipment and components, consumable supplies, aftermarket parts, software, and digital solutions and support services, has announced its decision to sell its Environmental Solutions Group (ESG) business to Terex Corp., according to a press release dated July 22. The sale, valued at $2 billion on a cash- and debt-free basis, involves ESG, a segment of Dover's Engineered Products, and is subject to standard post-closing adjustments....

US-based automotive aftermarket supplier and remanufacturer BBB Industries has announced its plans to acquire All Star Auto Parts, according to a press release dated July 18. This acquisition, set to be finalized in the third quarter of 2024, aims to enhance BBB Industries' offerings in the electronics sector. While the financial terms of the deal remain undisclosed, the strategic move is driven by an ambition to extend BBB's sustainable manufacturing capabilities and diversify its product and s...

Japan's Mitsubishi Motors Corp. announced in a press release dated June 24 its acquisition of a 5.01% stake in FleetPartners Group, as of June 19. FleetPartners specializes in comprehensive fleet management services and caters primarily to corporate clients in Australia and New Zealand. Tatsuo Nakamura, executive vice president (responsible for Sales) of Mitsubishi Motors, said, “Australia is one of our core markets, and we have made this investment with the aim to further expand our sal...

Meko (previously Mekonomen Group), an automotive spare parts distributor based in Sweden, has announced its expansion in Estonia through the acquisition of Automeister, a company that includes the established workshop concept Carstop with 14 facilities across the country, according to a press release dated July 8. The company said this move is aimed at increasing market shares and enhancing profitability in the Baltic region. Automeister, founded in 1993, has been operating the Carstop concep...

Axalta Coating Systems, a global coatings company, announced that it has completed the acquisition of The CoverFlexx Group from Transtar Holding Company, according to a press release dated July 3 The company says it has solidified its refinish coatings offerings through this acquisition. The CoverFlexx Group is known for manufacturing and selling its coatings designed primarily for automotive refinishing and aftermarket applications, aiming at economy customers in North America. This acqui...

Denmark-based spare parts logistics provider DANX, part of the Danx Carousel group, announced that it has acquired TLS, a Danish logistics company renowned for its comprehensive services in the transportation, setup and installation of new technical equipment across Scandinavia, according to a press release dated July 3. This acquisition is part of DANX Carousel's ongoing effort to enhance its final mile delivery and product offerings throughout Europe. In a statement, Lars Bo Larsen, managin...

Montreal-based Recochem, known for its expertise in automotive liquid solutions, has announced that it has acquired the auto care business from KIK Consumer Products, a North American manufacturer specializing in pool, household and auto care consumer products, according to a press release dated June 18. This acquisition includes Prestone, a major auto fluid brand in North America, and Holts, a leading brand in the UK, both of which are renowned for their development, manufacturing and market...

US-based Sun Auto Tire & Service has announced the acquisition of 33 Caliber Auto Care locations throughout the state of Texas, building on their investment in the state, according to a press release dated June 10. The company said this acquisition reinforces its dedication to excellence and its values-centered approach across its rapidly growing national footprint. Commenting on the move, Sun Auto CEO Tony Puckett said, “Our decision to acquire the Caliber Auto Care business, and Ca...

Lithia & Driveway (LAD), an automotive retailer in North America that also provides a suite of financing, leasing, repair and maintenance options, announced that it has expanded its footprint in the US southeast region with the purchase of Sunrise Chevrolet Buick GMC at Collierville and Sunrise Buick GMC at Wolfchase in Memphis, Tenn., and Woodbridge Hyundai in the Greater Toronto area, according to a press release dated June 11. Combined, these newly acquired stores are projected to generat...

US-based automotive aftermarket supplier Transtar Holding Co. has acquired PPi Automotive, a family-owned automotive parts wholesale distributor in Pittsburgh, according to a press release dated June 4. Although financial terms of the deal were not revealed, PPi Automotive, which operates three warehouses in the Greater Pittsburgh area, will now become part of Transtar. Richard Johnston, Sr., the owner of PPi, expressed his confidence in the partnership, assured his customers would continue r...

Lumileds LLC, an LED manufacturer and a solution provider for the global automotive, illumination, display and flash markets, and First Brands Group LLC, a global automotive parts manufacturer serving the worldwide automotive aftermarket, announced that they have entered into an agreement for First Brands to acquire the Lamps and Accessories business of Lumileds for $238 million, according to a press release dated May 17. Under First Brands, the Lamps and Accessories business will continue ...

US-based automotive aftermarket supplier Transtar Holding Co. has announced that Axalta Coating Systems, a global coatings company, has signed a definitive agreement to acquire The CoverFlexx Group, a subsidiary of Transtar. The transaction is anticipated to close in the third quarter, pending regulatory approval and customary closing conditions. The CoverFlexx Group specializes in manufacturing and distributing coatings for automotive refinish and aftermarket applications. Brands under the c...

LKQ Corp., a Chicago, US-based provider of alternative and specialty parts and services for automobiles and other vehicles, announced in a press release on May 10 that it has entered into a definitive agreement to sell Elit Polska, a Poland-based distributor of automotive parts, consumables and workshop equipment, to Meko. Meko (previously Mekonomen Group) is an automotive spare-parts distributor based in Sweden. The company operates across eight markets through its group brands FTZ, Inter-Te...

Genuine Parts Co., a global distributor of automotive and industrial replacement parts, has announced an acquisition for its US Automotive business, stating that effective April 30, the company acquired Motor Parts & Equipment Corp. (MPEC), according to a press release dated May 1. MPEC, founded in 1938, is based in Rockford, Ill. It is said to be the largest independent owner of NAPA Auto Parts stores in the US, operating 181 locations across Illinois, Indiana, Iowa, Michigan, Minne...

Grease Monkey, a US-based automotive aftermarket repair facility and flagship brand of aftermarket service provider FullSpeed Automotive, has announced a signed agreement that transitions ownership of seven stores in Arizona, US, and Colorado, US, to a firm called Oilex Operating, according to a press release dated April 29. Oilex Operating is headed by President Ron Morrow Jr, who has decades of experience with Grease Monkey, as his father was once the largest franchisee of the bra...

Atar Capital, a Los Angeles-based global private investment firm, announced that Solero Technologies has signed an agreement with Kendrion to acquire Kendrion’s Automotive business in Europe and the US, according to a press release dated April 15. Solero Technologies will effectuate the transaction with support from Atar Capital. Solero Technologies is a global supplier of transmission solenoids, engine solenoids, stop-start accumulators and hydraulic control modules to automotive...

Continental has announced that it has acquired the mold manufacturing specialist EMT Púchov s.r.o. based in Slovakia, according to a press release dated April 8. EMT is a manufacturer of special tire molds, especially for commercial vehicle and specialty tires. The company specializes in the milling of molds made of steel.  All 107 employees, who have specialist knowledge in mold manufacturing, have been taken on by Continental. Further details of the agreement were not disclosed. With ...

Automotive technology company Veoneer announced that the American Industrial Partners Capital Fund VII (AIP Fund VII) has completed the acquisition of Veoneer's Restraint Control Systems business from SSW Partners LP, according to a press release dated March 1. The deal was first announced on Dec. 6, 2023. Veoneer claims to be a market leader in automotive safety electronics. It said that in the past year, nearly one in every four cars that left production lines globally was equipped wit...

Lithia & Driveway (LAD), an automotive retailer in North America that also provides a suite of financing, leasing, repair and maintenance options, announced that it has purchased Carousel Motor Group, growing its footprint in one of the largest markets in the North Central Region, Minneapolis-St. Paul, according to a press release dated Feb. 27. The group, comprised mainly of premium luxury brands, is projected to generate more than $900 million in annualized revenue. "We are excited to e...

Sojitz Corp., a Japan-based company engaged in trading business, investment and financial activities, announced that it has acquired full ownership of Silaba Motors SA, a company primarily engaged in sales of Kia and Mazda vehicles, to enter the car dealership business in Panama, according to a press release dated Feb. 21. Established in 1991, Silaba Motors is an authorized automotive import wholesaler and dealership operator. According to the release, Silaba Motors’ strength lies in its on...

Lithia & Driveway (LAD), an automotive retailer in North America that also provides a suite of financing, leasing, repair and maintenance options, announced that it has completed the transaction with Pendragon PLC, to be renamed Pinewood Technologies Group PLC, according to a press release dated Feb. 1. With the move, the company has acquired the UK Motor and Fleet Management divisions of Pendragon, the UK's third-largest automotive dealership group, and formed a strategic partnership with P...

Clarience Technologies, a US-based provider of visibility and safety technology solutions for transportation, announced that it has acquired Safe Fleet, a company involved in safety solutions for fleet vehicles, according to a press release dated Feb. 15. “Clarience Technologies and Safe Fleet share a common mission of making transportation safer and smarter through technology. The acquisition of Safe Fleet provides our company with critical technologies, deep vocational segment expertise a...

US-based Galleher Industries has announced the acquisition of Fleet Parts & Service Inc. as part of its efforts to broaden its national network and product portfolio to support truck body and trailer original equipment manufacturers, and fleet operators, according to a press release dated Feb. 15. Founded in 1937, Galleher manufactures and distributes lumber and fabricated metal components to truck body and trailer OEMs. Galleher is backed by Boyne Capital Partners, a Florida, US-based pr...

Schaeffler AG announced that it has entered into an agreement with BofA Securities Europe SA to acquire a stake of 3.6 million shares in Vitesco Technologies Group AG, according to a press release dated Jan. 23. This corresponds to a total stake of approximately 9.00% in Vitesco. BofA Securities Europe SA had acquired the shares in the market in connection with the Total Return Swap following Schaeffler's announcement of the public tender offer. The price of the additional shares acquired is ...

Patrick Industries Inc., a component solutions provider for the Outdoor Enthusiast and Housing markets, announced that it has signed a definitive agreement to acquire Sportech for approximately $315 million, according to a press release dated Jan. 11. The transaction is expected to close on or before Jan. 24, and is subject to customary closing conditions and regulatory approval. Sportech, based in Elk River, Minn., is a designer and manufacturer of high-value, complex component solutions to ...

O2 Investment Partners announced that Straightaway Tire & Auto, an independent, full-service aftermarket automotive repair and service platform, has completed the acquisitions of Maple Grove Auto Service and Warzecha Auto Works, according to a press release dated Jan. 17. Terms of the transactions were not disclosed. Maple Grove is a full-service auto repair facility that has been serving the Maple Grove, Minn., market for over four decades, and Warzecha is a full-service auto repair faci...

Dover announced that it has completed the acquisition of Transchem Group, one of the largest suppliers of car wash chemistry and associated solutions in North America, according to a press release dated Jan. 17. Transchem is now part of OPW's Vehicle Wash Solutions business (OPW VWS) within Dover's Clean Energy & Fueling segment. Dover is a diversified global manufacturer and solutions provider offering equipment and components, consumable supplies, aftermarket parts, software, and d...

Vance Street Capital's portfolio company, Micronics Engineered Filtration Group, a global provider of aftermarket filtration consumables, has acquired Solaft Filtration Solutions, an innovative and vertically integrated global industrial filtration solutions provider, according to a press release dated Jan. 4. The acquisition expands Micronics' portfolio of engineered filtration solutions and geographic footprint, allowing the company to better serve its global customers' filtration needs in ...

The PHE Group, through its subsidiary AD Parts Intergroup, has acquired significant stakes in two Spanish companies, AD Egido and AD Masanes, expanding its presence in the country, according to a press release dated Jan. 9. AD Egido, based in the San Sebastián region of Spain, operates seven sites and a repair network of 60 workshops, with a turnover of approximately €12 million in 2022. The acquisition of 88% of AD Egido's capital strengthens PHE Group's position in Spain, where it has be...

B&R Auto, a US-based value-added provider of recycled automotive parts and a portfolio company of Highview Capital, has announced the acquisitions of American Auto Recycling (American Auto), New Way Auto Sales & Parts (New Way) and Charlie's Towing (Charlie's), according to a press release dated Jan. 4. The acquisitions of American Auto and New Way expand B&R's business into Arizona, US, while the acquisition of Charlie's grows B&R's existing footprint in Oregon, US, the release ...

Schaeffler AG has announced the final result of the voluntary public tender offer for all outstanding shares of Vitesco Technologies Group AG, according to a press release dated Dec. 20. Until the end of the acceptance period on Dec. 15, 2023, 11,957,629 Vitesco shares have been tendered to Schaeffler, corresponding to 29.88% of the share capital and voting rights in Vitesco, the company said. Together with the 49.94% stake held by IHO Holding, the strategic management holding of the Schaeffl...

Denmark-based spare parts logistics provider DANX, part of the Danx Carousel group, announced that it has acquired Forslund & Malmström (FOMAB), a final-mile distribution services provider in Northen Norrland, Sweden, according to a press release dated December 12. The acquisition aims to strengthen DANX's foothold in Sweden through the expansion of its fleet and final mile capabilities. FOMAB specializes in distributing goods to remote areas of Northen Sweden, including Luleå, Gälliva...

High Bar Brands (HBB), a US-based manufacturer and distributor of high-quality commercial vehicle solutions for the heavy-duty trucking industry, with its portfolio of brands, including Minimizer, Premier Mfg., Dieter’s Accessories, Panelite, and Viking Sales, has announced its strategic recapitalization with Sentinel Capital Partners, according to a press release dated December 20. As part of the move, Sentinel, a New York-based alternative asset manager has acquired HBB from Heartwood Partne...

O’Reilly Automotive, a US-based automotive aftermarket parts retailer, has announced that it will acquire Canadian auto parts distributor Groupe Del Vasto, according to a press release dated December 18. O’Reilly Automotive has entered into a definitive stock purchase agreement with the shareholders of Groupe Del Vasto to acquire all the outstanding shares of the company. Groupe Del Vasto operates as Vast-Auto Distribution (Vast-Auto). Founded in 1986, Vast-Auto Distribution is involved i...

US-based Brown & Brown Inc., an insurance brokerage firm delivering risk management solutions, announced that the company has acquired ABS Risk LLC and ABS Operations (collectively: ABS), according to a press release dated Dec. 8. ABS is an administrator of warranty products in the automotive aftermarket providing nationwide parts and labor repair warranties, national road hazard programs and component-specific warranties. The acquisition was made via Brown & Brown Dealer Services (...

In a press release announcement on Dec. 5, TMD Friction, a specialist for high-quality brake friction solutions for the automotive and brake industry, has confirmed the successful completion of its acquisition by Aequita, a privately-owned industrial group based in Munich, focused on the acquisition and long-term value enhancement of companies. The company said that the transaction has closed successfully after receiving the required regulatory clearances and approvals from all relevant autho...

TMD Friction and Hella have agreed to transfer the 50% share held by TMD Friction in the brake joint venture Hella Pagid to Hella. The two companies signed a letter of intent, making Hella the sole shareholder of Hella Pagid, according to a press release dated Dec. 1. Founded in 2013, Hella Pagid sells brake components and accessories on the global automotive aftermarket. The parties have agreed not to disclose the purchase price. Stefan van Dalen, managing director of Lifecycle Solutions and...

O2 Investment Partners have announced that Straightaway Tire & Auto, an independent, full-service aftermarket automotive repair and service platform, has completed the acquisitions of Accurate Auto & Tire Service and Wayne’s Automotive, according to a press release dated Nov. 29. The terms of the transactions were not disclosed. Accurate Auto is a full-service auto repair facility that has been serving the Maple Grove, Minn., market for over 25 years, and Wayne’s is a full-service...

Schaeffler AG has entered into a business combination agreement (BCA) with Vitesco Technologies Group AG to jointly create a leading Motion Technology Co., according to a press release dated Nov. 27. Under the BCA, Vitesco will constructively support the overall transaction, including the ongoing public tender offer by Schaeffler and the subsequent merger of Vitesco with Schaeffler, the release added. Meanwhile, the executive board and supervisory board of Vitesco Technologies have published ...

UK-based manufacturer of aftermarket emissions products, BM Catalysts, has announced the acquisition of a new warehouse facility in the UK, located near its Fulwood Rise production plant in North Nottinghamshire, UK, according to a press release dated Nov. 23. The new facility spans over 41,000 square feet and marks the fifth location for the company in the UK, providing a combined manufacturing and warehousing space of over 214,000 square feet. The company said the acquisition demonstrates t...

German automotive and industrial component supplier Schaeffler AG has announced that following approval by the German Federal Financial Supervisory Authority (BaFin), Schaeffler AG has published the offer document for the voluntary public tender offer for all outstanding shares in automotive supplier of electric mobility and powertrain components Vitesco Technologies Group AG, according to a press release dated Nov. 15. The company had announced its bid in October. Vitesco shareholders can ac...

Cloyes Gear & Products, Inc. (Cloyes), a firm involved in designing and manufacturing timing drive systems and components for the automotive aftermarket, has acquired Rotomaster, a global turbocharger and component specialist, according to a press release dated according to a press release dated October 30. Rotomaster, founded in 1978, has a diverse portfolio of complete assemblies, individual components, and service kits for diesel and gas-powered applications, covering over 75% of the a...

US-based distributor of replacement parts, components and systems LKQ Corp. announced that it has sold GSF Car Parts to Epiris Fund III, a private equity fund based in the UK, according to a press release dated October 25. The company said the divestiture fulfills its obligation to the UK's Competition and Markets Authority to sell the GSF business in connection with LKQ's acquisition of Uni-Select Inc. The terms of the transaction were not disclosed. Significance: Commenting on ...

US-based custom vehicle and chassis manufacturer, Roadster Shop, has acquired US-based aftermarket group, The Aeromotive Group, according to a press release dated October 19. The company will combine the strength of both brands to drive the development of innovative products, services and content, and will leverage a robust financial and operational foundation to support its growth, the release added. Roadster Shop has been building vehicles and chassis for street and performance driving for ...

Global automotive supplier of electric mobility and powertrain components Vitesco Technologies has announced that its executive board and supervisory board will comply with their fiduciary duties to evaluate the voluntary public purchase offer for all outstanding shares of Vitesco Technologies and the merger of Vitesco Technologies into Schaeffler AG intended by Schaeffler, according to a press release dated October 17. The company said that its boards have noted the concerns that Vitesco Tec...

P&F Industries announced that it has entered into a definitive agreement to be acquired by ShoreView Industries in an all-cash transaction for $13.00 per share, which represents an approximately 97% premium to the closing stock price of the company's stock on Oct. 12, 2023, according to a press release dated October 13. P&F Industries is a manufacturer and importer of air-powered tools and accessories sold principally to the aerospace, industrial, automotive and retail markets. The co...

Schaeffler AG is offering to buy Vitesco Technologies Group AG in a €3.64 billion deal that would bolster the German ball-bearings maker’s presence in the electric vehicle supply chain, Yahoo Finance reported October 9, quoting news agency Bloomberg.  Schaeffler — whose shareholders already control almost half of Vitesco — said October 9 that it has offered €91 a share in cash for the company. The company expects the transaction to boost earnings before interest and taxes ...