Aurelius completed the acquisition of the propulsion systems unit of Hidden Harbor Capital Partners-backed Dayco.

Aurelius, an asset management group, completed the acquisition of the propulsion systems unit of Hidden Harbor Capital Partners-backed Dayco, an American construction, automotive, and industrial parts supplier. Financial terms were not disclosed. “Dayco Propulsion Solutions underlines our growing focus on North America. We are grateful to be chosen as a trusted partner by Dayco and its shareholder, financial sponsor Hidden Harbor Capital Partners. Looking ahead, we aim to build on the company’s strong positioning in its sector and to drive further growth,” Fabian Steger, Aurelius Managing Director.