Rhiag-Inter Auto Parts Italia S.p.A. To Be Sold To LKQ Corp.
The business was acquired with funds from private equity investment group Apax Partners. Rhiag operates through 247 distribution centers and 10 warehouses, and serves more than 100,000 professional clients.
Dorman Products Appoints G. Michael Stakias To Its Board Of Directors
Stakias currently serves as president and CEO of Liberty Partners, a New York-based private equity investment firm.
NACE Releases MSO Symposium Agenda
The symposium will cover business growth, M&A, private equity, insurance and industry trends and other management-focused topics.
ITW Elects Richard Lenny To The Board Of Directors
Lenny was an operating partner with Friedman, Fleischer & Lowe LLC, a private equity firm, from 2011 to August 2014.
Hastings Manufacturing Co. Acquired By RFE Investment Partners
RFE Investment Partners is a private equity firm based in New Canaan, Conn., with more than 30 years of experience investing in growth companies with strong management teams operating in the manufacturing and service sectors.
Brake Parts Inc. Acquired By Investor Group
Brake Parts Inc. (BPI) has announced it is now officially under new ownership. Following the spin-off of the business to shareholders in November 2012 by parent company Affinia Group, BPI announced today it has been acquired by a group of investors led by Torque Capital Group, a New York-based private equity firm. The company is being led by President and CEO David Overbeeke (pictured).
Pep Boys Sets Date for Special Meeting of Stockholders
Among other things, the special meeting will allow shareholders to vote upon the company’s proposed merger with private equity firm The Gores Group.
AAPEX REPORT: Outlook for Aftermarket Is Bright and Bankable, Says AASA President, Panel
Four people heavily involved in private equity took part in a panel discussion that showed just why outsiders consider the aftermarket to be so attractive. Tony Cristello of BB&T Capital Markets moderated the panel. Taking part were John Hartherly of Wynnchurch, owner of VistaPro Automotive; John Tudor of Friedman Fleischer and Lowe, owner of Transtar Industries; David Overbeeke, president, Global Brake and Chassis, Affinia group; and Paul McCarthy, AASA vice president of industry analysis and research.
Affinia’s David Overbeeke Joins AASA Executive Breakfast Panel
Panel discussion falls under event theme of “Under the Hood: How Private Equity Is Changing the Automotive Aftermarket.”
Representatives from FF&T, Wynnchurch Join Top PE Firm Leaders on AASA Executive Breakfast Panel
BB&T’s Tony Cristello to lead executive discussion on “Under the Hood: How Private Equity Is Changing the Automotive Aftermarket.”