Transtar Names David Kralic Chief Financial Officer
Kralic joined Transtar in August, bringing more than 20 years of finance experience. Most recently, Kralic served as finance director for Riverside Co., a private equity firm. Gaining extensive insight into the aftermarket industry, he served as CFO and director of information technology at Bendix Commercial Vehicle Systems.
BB&T’s Tony Cristello to Lead Executive-Level Discussion at AASA Executive Breakfast
Panel will look “Under the Hood” at how private equity is changing the automotive aftermarket.
Japan’s Itochu Corp. is New Owner of Kwik-Fit
According to news reports, U.S. private equity firm Clayton Dubilier & Rice, which owns car rental company Hertz, and Bridgestone, which was a bidder when PAI bought Kwik-Fit in 2005, are also said to have been considering bids.
AAIA Participates in Capital Roundtable in New York City
AAIA President and CEO Kathleen Schmatz moderates panel before private equity community. More than 60 representatives of middle-market private equity firms attended the event held at the University Club on Feb. 3.
EP Management Corp. Selling Wolverine Advanced Materials to Wynnchurch Capital
With private equity support, Wolverine will focus on global growth and industry diversification.
Advantage Truck Accessories and Torza Inc. Acquired by THI
Formed in November 2007 by Kinderhook Industries LLC, a New York-based private equity firm, THI is a growing family of respected aftermarket truck product brands.
Polk and Ducker, Findlay, Swoboda & Associates Collaborate to Help Aftermarket Companies Build More Business
The two companies say the combined strengths of their organizations will provide aftermarket manufacturers, distributors, retailers and private equity firms with the unique information, strategic analysis and consulting resources they need to supplement their own internal market intelligence and strategic planning efforts.
MD Investors Acquires Most of Metaldyne’s Assets at Auction
MD Investors is a new company formed by a coalition of Metaldyne’s existing term lenders led by The Carlyle Group, a well-respected private equity firm, and Solus Alternative Asset Management LP, an SEC-registered investment adviser.
New York Financier Steven Rattner Named Lead Adviser for Auto Industry Bailout
In 2000, Rattner co-founded the Quadrangle Group, the media-focused private equity firm that he is now leaving to take the Treasury position.
Continental Looking for Financial Support to Fend off Schaeffler
A report from the Wall Street Journal indicates that Continental AG is working to gather support in its fight against an unsolicited takeover attempt by Schaeffler Group. According to the WSJ, Continental has held discussions with TPG Capital, a U.S. private equity firm, and also added Citigroup and HSBC Holdings to its lineup of financial advisers.