Lone Star Funds to acquire CentroMotion from One Rock.

Lone Star Funds, a private equity firm, agreed to acquire CentroMotion, a designer and manufacturer of highly engineered systems and solutions for industrial and transportation applications, from One Rock, a private equity firm. Financial terms were not disclosed. "Since its partnership with One Rock began in 2019, CentroMotion has transformed into an integrated global partner to its original equipment manufacturer and aftermarket customers. Under the leadership of CEO Roger Roundhouse and CFO Matt Pauli, the Company has advanced numerous organic growth and operational improvement initiatives to build a differentiated platform and drive significant revenue and earnings growth," Kurt H. Beyer, One Rock Partner.