MidOcean Partners, an American private equity firm, completed the acquisition of Cloyes, a developer of automotive timing drive systems and components, from Hidden Harbor, a private equity firm. Financial terms were not disclosed. "MidOcean’s investment in Cloyes marks the third investment in the automotive aftermarket space in the last 15-months. We continue to see significant tailwinds in the auto aftermarket space, and are thrilled to bring Cloyes into the portfolio of best-in-class auto aftermarket products and services MidOcean has invested behind. Our focus in this sector has been in partnership with our MidOcean Operating Partner, Marc Graham, who brings over 35 years of experience in this industry, and we are pleased to have Marc involved as the Chairman of the Board going forward,” Daniel Penn, MidOcean Managing Director.