Announced
Completed
Financials
Tags
auto parts
Acquisition
Private Equity
Cross Border
Friendly
Single Bidder
Canada
Auto Parts
Private
turbochargers
Majority
Completed
Synopsis
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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