Announced
Completed
Financials
Sources
Tags
Acquisition
Private Equity
E-commerce
Majority
Completed
e-commerce
United States
automotive industry
Private
Friendly
Single Bidder
Domestic
Synopsis
Cortec Group, a private equity firm, completed the acquisition of Enthusiast Auto Holdings, a platform that invests in and helps operate brands in the automotive performance industry, from Bertram. Financial terms were not disclosed. "Bertram's vision and operational support, particularly with its Bertram Labs team, helped us transform EAH. Their patience and unwavering commitment to the business have put us in a position to expand our enthusiast scope and continue our rapid growth over the years to come," Imran Jooma, EAH CEO.
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