Announced
Completed
Financials
Sources
Tags
industrial replacement parts
Private Equity
Completed
Majority
Friendly
Acquisition
Single Bidder
United States
Auto Parts
Cross Border
Private
Synopsis
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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