MidOcean Partners completed the acquisition of Arnott Industries.

MidOcean Partners, a private equity firm, completed the acquisition of Arnott Industries, a manufacturer of aftermarket automotive air suspension. Financial terms were not disclosed. “We are pleased to partner with MidOcean as we continue to pave the way in designing and manufacturing innovative suspension technologies for our loyal customers across the auto aftermarket. The deep expertise that MidOcean’s investment team and operating partners have accumulated through a unique combination of investing in and running auto aftermarket businesses sets the firm apart and makes it the ideal partner for us in this next phase of growth. We are excited to engage with and learn from the deep bench of executives and board members that support MidOcean’s existing auto aftermarket investments," Joe Santangelo, Arnott Industries CEO.