Announced
Completed
Financials
Tags
Completed
Majority
Private Equity
Auto Parts
OEM manufacturer
Private
OEM parts
Friendly
United States
auto spares
Acquisition
Single Bidder
Synopsis
Genstar Capital, a leading private equity firm completes acquisition of a major stake in OEConnection, the leading global automotive technology provider for OEM distribution networks from Providence Equity Partners. Financial terms were not disclosed. As part of the transaction, current investors Ford Motor Company and General Motors will each retain their minority investments in OEC. “We are thrilled to join forces with Genstar as we continue to work to expand the OEC footprint and our product and service offerings for customers across the globe,” Chuck Rotuno, OEC Chairman and CEO.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.