Transom Capital Group completed the acquisition of a majority stake in the charging solutions business of Webasto.

Transom Capital Group, an Operations-focused private equity firm, completed the acquisition of a majority stake in the charging solutions business of Webasto, a sunroofs, electric-car chargers and air-conditioning systems manufacturer. Financial terms were not disclosed. “It is a rare opportunity that we can invest in a business of significant scale, in an underlying market that is on a historic hockey stick growth curve. Charging is at the forefront of the global transition toward electric vehicles and we are super excited to partner with Webasto to continue to grow the Charging solutions business,” Russ Roenick, Transom Capital Group Founder and Managing Partner.