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New Deal


Announced

Completed

MidOcean Partners-backed Cloyes completed the acquisition of Rotomaster.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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auto parts

Acquisition

Private Equity

Cross Border

Friendly

Single Bidder

Canada

Auto Parts

Private

turbochargers

Majority

Completed

Synopsis

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MidOcean Partners-backed Cloyes, a designer of mission-critical timing drive systems and components for the automotive aftermarket, completed the acquisition of Rotomaster, a turbocharger and component specialist. Financial terms were not disclosed. “Today’s professional technicians recognize Cloyes’ high-quality products. Not only does the acquisition of Rotomaster demonstrate part of our company’s long-term goals and strategy, but more importantly, it supports operational efficiencies for our customers. Cloyes is enthusiastic about expanding its market presence and delivering unparalleled products and services to all our collective customer base," John Hanighen Cloyes President and CEO.

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