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 ...

Strickland Brothers 10 Minute Oil Change (Strickland Brothers), a quick lube operator with over 178 locations across 27 states in the US, recently acquired 24 Snappy Lube locations across the state of North Carolina, US, according to a press release dated September 13. With this acquisition, the company has now surpassed 200 quick lube locations, the release added. The company plans to convert all 24 locations to Strickland Brothers 10 Minute Oil Change later in 2023. Strickland Brothers offe...

Japan-based Sumitomo Rubber Industries has announced that it will reorganize its aftermarket domestic replacement tire business on April 1, 2024, according to a press release dated September 9. According to the plan, a new company, Dunlop Tire Co. Ltd., will oversee the domestic replacement tire business and the company will be taking over some functions from the Domestic Tire Replacement Sales Division of Sumitomo Rubber Industries including marketing and broad area sales marketing functions...

Mobivia, Europe’s largest independent provider of automotive maintenance and repair services, announced that Carter-Cash, brand of the Mobivia group, specializing in distribution of tires, auto parts and fast maintenance services at low prices, has merged with online retailer Yakarouler following the acquisition of Yakarouler’s assets in June 2021, according to a press release dated September 21. With the move, the Yakarouler brand will disappear, and Carter-Cash will absorb Yakarouler’...

Lithia & Driveway, an automotive retailer in North America that also provides a suite of financing, leasing, repair and maintenance options, has announced that it intends to enter in a strategic partnership with Pinewood Technologies and acquire the UK motor and fleet management divisions of Pendragon PLC, the UK's third-largest automotive dealership group, according to a press release dated September 18. This acquisition will round out Lithia's presence in the UK market and is expected t...

Global supplier of automotive fluid-handling components TI Fluid Systems (TIFS) announced that it has agreed to acquire Cascade Engineering Europe (CEE), a Hungarian-based leader in the design and manufacturing of thermal-fluid connectors and other complex plastic injection-moulded components for the automotive industry, according to a press release dated September 5. CEE has a strong reputation for its technical expertise and product quality, with in-house capabilities from design and develo...

SK Networks, a subsidiary of South Korean petroleum conglomerate SK Group, engaged in the businesses of energy and information technology distribution as well as car rental, announced that it is bringing in SK Rent-a-car as a wholly owned subsidiary by owning 100% equity in the latter, according to a press release dated August 18. SK Networks currently holds 72.9% equity in SK Rent-a-car. SK Rent-a-car, launched as a consolidated legal entity between SK Networks’ Car Rental Business divisio...

The acquisition of Magneti Marelli Parts & Service, the aftermarket division of Marelli Holding, by the US-based First Brands Group, has been terminated, according to industry sources. The purchase attempt by the Group, a global automotive parts manufacturer serving the worldwide automotive aftermarket through multiple brands, was reported by some news websites earlier in 2023 and was expected to be completed by April. First Brands markets and sells products through a portfolio of bran...

Alliance Automotive Group UK (AAG) has announced the acquisition of Tayna Ltd., a Welsh e-commerce platform focused on vehicle batteries, according to a press release dated September 1. The company said that with this acquisition, it aims to expand its battery distribution capabilities in the region. The acquisition would also allow it to develop its digital skill set in the long term.  Tayna, a digital e-commerce company based out of Wales, UK, and established in 2003, specializes in pr...

SQM Lithium Ventures, the corporate venture arm of the lithium business of Sociedad Quimica y Minera de Chile, the world's second-largest lithium producer, announced that it has invested $2,574,500 in Altilium, a UK-based clean technology group focused on supporting the transition to net zero, according to a joint press release dated September 12. The investment is part of Altilium’s Series-A funding round. Altilium is the second company to join the portfolio of SQM Lithium Ventures. The in...

Lithia & Driveway, an automotive retailer in North America that also provides a suite of financing, leasing, repair and maintenance options, announced the acquisition of the Arden businesses representing BMW, MINI and Motorrad in Maidstone and Tunbridge Wells, according to a press release dated September 1. Commenting on the acquisition, Neil Williamson, Regional President, United Kingdom, said, “Following LAD’s entrance into the UK with the Jardine Motors Group earlier this year, we ...

Clarios, a US-based supplier of energy storage solutions to original equipment (OE) manufacturers and the aftermarket, has announced that it will purchase Paragon GmbH & Co. KGaA's power business that produces batteries and battery management systems for the automobile industry, according to a press release dated August 30. Clarios is the parent company of Varta Automotive, a transportation battery brand in Europe. Paragon is a German supplier of battery systems, air-quality management, m...

U.S. AutoForce, a distributor of tires, undercar parts and lubricants to the automotive aftermarket, has announced that it will acquire Pacific Tire Distributors, headquartered in Portland, Ore., according to a press release dated August 22. The acquisition is expected to close on Sept. 11, 2023, the release added. Founded in 2004, Pacific Tire Distributors is one of the largest independently owned wholesale tire distributors in the Pacific Northwest. Based in Portland, it currently oper...

US-based Thermal Solutions provider Modine, announced on August 29 the sale of facilities in Temecula, California, and Tampa, Florida, to Protecall. Both the facilities provide aftermarket application services in which HVAC units are coated with anti-corrosion protection, and the sale process is likely to be executed by end of September. According to Neil Brinker, President and Chief Executive Officer of Modine, "This sale continues the process we started in 2021 with the closure of our Pompa...

TMD Friction, a supplier of brake-friction solutions for the automotive and brake industry, has announced its sale to Aequita, a global industrial group with headquarters in Munich said to have a strong automotive division, according to a press release dated August 22. Aequita has acquired TMD Friction from TMD’s Japanese parent company, Nisshinbo Holdings Inc. The transaction is expected to be completed in the fourth quarter of 2023. The financial details of the agreement are not bein...

Vast-Auto Distribution, a subsidiary of Groupe Del Vasto, a distributor and marketer of automotive parts in Eastern Canada and a shareholder of the Aftermarket Auto Parts Alliance, announced that it has acquired the assets of Pièces d’Autos Victo, Freins Démarreurs Plessis and Pièces d’Autos Thetford, an auto parts wholesalers group located in south-central Quebec, according to a press release dated August 14. Normand Roy, founder of the Quebec-based wholesaler, said he was deligh...

Kian Capital Partners, a US-based private investment firm, announced that it has completed the acquisition of a Meineke Car Care Center franchisee in partnership with the management to establish a new platform in the general automotive repair space called PARC Auto, according to a press release dated August 17. PARC Auto currently includes 15 Meineke automotive care centers in the Louisville, Ky., metropolitan area. PARC Auto provides general automotive repair and maintenance with services in...

Stuttgart, Germany-based global supplier of powertrain and thermal components, Mahle, has announced that it plans to sell its thermostat business to the industrial and investment holding company Admetos, according to a press release dated August 18. The two sides have signed a contract to this effect at the beginning of August. Admetos intends to take over development and production with about 600 employees in six countries, the release added. The company added that the sales of thermostats i...

Power-management firm Eaton has announced that its Vehicle Group and eMobility businesses will be called Mobility Group, according to a press release dated August 15. The name represents the company’s focus on providing solutions across the propulsion spectrum and meeting the evolving needs of its customers from internal combustion to electrified, or a combination of both. Eaton will continue to offer traditional powertrain solutions as manufacturers and the industry determine optimal propu...

Alliance Automotive Group (AAG), a European automotive aftermarket distributor, announced that it has acquired Spanish spares distributor Recambios y Accesorios Gaudí SL (Gaudi), according to a press release dated August 3. This acquisition confirms Alliance Automotive Iberia’s strategic foothold in the automotive aftermarket, previously represented by Lausan in Spain, and Soulima in Portugal, the release added. Gaudi is a company specialized in the independent distribution of spare p...

US-based distributor of replacement parts, components and systems, LKQ Corp., has announced the completion of the acquisition of Canada-based automotive aftermarket parts supplier Uni-Select, according to a press release dated August 1. Under the terms of the arrangement, the purchaser has acquired all of the issued and outstanding shares of Uni-Select for C$48.00 per share in cash. Following the completion of the transaction, the shares of Uni-Select will be delisted from the Toronto Stock E...

ITT Inc., a US-based manufacturer of critical components and customized technology solutions for the energy, transportation and industrial markets, has announced an expansion of the production facility for its brake pad supplier brand Friction in Termoli, Italy, and an upgrade of its research and development capabilities in Barge, Italy, according to a press release dated June 22. The company aims to strengthen its position in the high-performance brake pads market for luxury and sporting veh...

Pirelli signed an agreement to acquire 100% of Hevea-Tec, the biggest independent processor of natural rubber in Brazil. The operation will be on the basis of an Enterprise Value of around 22.9 million USD, subject to the usual adjustments at the closing - once certain conditions including approval from the Antitrust authorities have been met – which is expected to take place by the end of 2023. The acquisition will not impact the 2023 net financial position target of around 2.56 billion USD. ...

“A tremendous amount of work has gone into bringing us to where we are today,” said Frédéric Lissalde, President and Chief Executive Officer, BorgWarner Inc. Two years ago, BorgWarner announced Charging Forward, the company’s strategy to accelerate its transition to electrification. That strategy included the disposition of $3B to $4B in combustion-related revenue by 2025. The completion of the spin-off of PHINIA combined with the 2022 sale of the North American controls business repr...