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Announced

Completed

The Sterling Group-backed Highline Aftermarket completed the acquisition of Retail Segment from Plews & Edelmann.

Financials

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Transaction Value-
Consideration TypeCash
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Tags

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industrial replacement parts

Private Equity

Completed

Majority

Friendly

Acquisition

Single Bidder

United States

Auto Parts

Cross Border

Private

Synopsis

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The Sterling Group-backed Highline Aftermarket, a distributor of automotive products, completed the acquisition of Retail Segment, a designer and distributor of automotive and industrial tools and accessories, from Plews & Edelmann, a manufacturer and distributor of a broad range of automotive parts and tools. Financial terms were not disclosed. “Plews & Edelmann looks forward to focusing its efforts on the applied segment of the business with a major growth announcement occurring soon,” Dan Billie, Plews & Edelmann Chief Commercial Officer.

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