The Carlyle Group completed the investment in Roop Automotives and Highway Industries.

The Carlyle Group, an American multinational private equity, alternative asset management, and financial services corporation, completed the investment in Roop Automotives and Highway Industries, two players in manufacturing forged and precision-machined components, steering system assemblies, transmissions and other powertrain applications for electric, hybrid and internal combustion engine powered vehicles. Financial terms were not disclosed. The founders of Highway and Roop will continue to hold stakes in the Platform, underscoring their commitment to the long-term success of the companies. Carlyle will work with Highway and Roop to help them leverage operating synergies and create capabilities and capacities, to deliver enhanced value for their customers.