Epic Charging, an electric vehicle charging software provider based in Silicon Valley, California, has acquired Bluedot Technologies, a Palo Alto-based all-in-one EV fleet charging management and payment platform that provides access to more than 80% of public US EV chargers. The deal, completed on May 1, includes all of Bluedot's branding, platform technology, intellectual property, customer contracts and key team members. The announcement was made from Menlo Park, California, on May 5, as E...

MidOcean Partners, a New York-based private equity firm, has announced the closing of a single-asset continuation vehicle for Cloyes, a North American manufacturer and distributor of timing drive systems and engine components for original equipment manufacturers and the automotive aftermarket that it acquired in 2022. The continuation vehicle secured approximately $300 million in commitments, with funds managed by Hamilton Lane serving as the sole lead investor. In connection with the continu...

Gates Industrial Corp. PLC announced that it has entered into a definitive agreement to acquire the belts business from The Timken Co., including select manufacturing assets. The terms of the transaction were not disclosed. Gates is a manufacturer of power transmission and fluid power solutions, while Timken is a North American-based belts manufacturer serving industrial and mobility markets. Both Gates' and Timken's Belts business serve the original equipment manufacturer and after...

Ecobat announced on May 4 the successful completion of the sale of its battery recycling and specialty lead operations in Germany and Austria to Clarios. The transaction includes Ecobat's facilities in Freiberg and Braubach, Germany, as well as the Arnoldstein operation in Austria. This sale, together with previously completed divestitures in France, Italy and the UK, marks Ecobat's exit from the European lead market and completes a multitransaction repositioning of its Resources division. ...

U.S. Lubricants, a manufacturer and distributor of lubricants, metalworking fluids and specialized lubricants for industrial, automotive and commercial applications, has acquired Pack Logix, a turnkey packaging company. Pack Logix specializes in contract packaging, filling and sourcing for a wide range of fluids and lubricants, including for the automotive sector. U.S. Lubricants said this move will enable it to deliver toll blending and packaging solutions with greater ca...

Enlyte announced that it has completed its acquisition of PartsTrader, a parts procurement marketplace for auto insurers and collision repairers. It said the acquisition brings together two complementary businesses within Enlyte's Auto Physical Damage portfolio. PartsTrader will become a wholly owned subsidiary of Enlyte and will continue to operate as an independent entity alongside Mitchell's Auto Physical Damage division. Both organizations will retain their distinct identities while benefiti...

Fullbay, a platform focused on enhancing the operational efficiency of heavy-duty repair shops, has announced its acquisition of Pitstop, an AI-powered predictive maintenance and fleet intelligence platform that will be integrated into the Fullbay platform. Pitstop’s AI-driven technology will leverage 10-plus years of repair data from Fullbay’s shop management software to deliver predictive maintenance solutions for fleets to anticipate failures before they impact operations. ...

Holley Performance Brands has announced its acquisition of HRX, an Italian motorsports racewear brand, although the transaction terms were not revealed. HRX is known for serving drivers and teams in karting and competitive racing across European circuits and select international markets. The acquisition enhances Holley's Safety & Racing portfolio by adding racewear capabilities and expanding its presence in European motorsports. HRX's product offerings are said to align with Holley's exis...

Apollo Funds has reached agreements to acquire Nippon Sheet Glass Co. (NSG), a player in architectural, automotive and solar glass for nearly $3.7 billion. This acquisition marks the largest private equity investment by Apollo Funds in Japan. As part of the transaction, Apollo Funds will provide equity support to enhance NSG's financial and growth prospects. Additionally, NSG's main lenders will transition a portion of their loans to equity to stabilize the company's balance sheet. NSG Gro...

SKF has entered into an agreement to acquire G-Tech Instruments Inc., a specialist in condition-monitoring and measuring-instrument technology. The company said this acquisition is a strategic move for SKF to enhance its digitally enabled reliability solutions.  G-Tech, founded in 1998 and based in Taiwan, is recognized for its advanced vibration analyzers, diagnostic tools and condition-monitoring systems. The acquisition is expected to be finalized within six months. With the acquis...

Monomoy Capital Partners, a private investment firm specializing in private equity and credit investing within the middle market, has announced a definitive agreement to acquire Jiffy Lube International Inc., a quick lube and automotive service franchisor in North America, from Pennzoil Quaker State Co. DBA SOPUS Products, which is a wholly owned subsidiary of Shell USA Inc. The acquisition will be executed through Monomoy's Fund V for approximately $1.3 billion. Founded in 1979 and headquart...

GreatWater 360 Auto Care, a multistate operator of full-service automotive repair shops, has announced the acquisition of Leighton's Garage, a shop in the Twin Cities metro area in the US. This acquisition marks GreatWater's entry into Minnesota, US, making it the company's 10th state, and brings its total network to 150 locations nationwide. The expansion is part of GreatWater's growth strategy, which involves partnering with high-quality independent operators and integrating them into a sca...

US Midwest-based automotive parts retailer Arnold Motor Supply has purchased the Carquest store in McCook, Nebraska, as part of its ongoing growth strategy in the southwest Nebraska market. The company expanded into McCook in 2025 by acquiring Kohl Auto Parts, and the addition of the Carquest location enables Arnold Motor Supply to integrate these operations. This integration aims to expand inventory, enhance delivery coverage and offer better support to local repair shops, agricultural ...

UK-based automotive component importer and distributor Elta Automotive has announced its acquisition of Tamworth-based Cooling Components and its associated Serck Automotive brand. The company said that the acquisition, for an undisclosed amount, emphasized its commitment to investing in specialist businesses within the independent automotive aftermarket. Cooling Components, which is a neighboring business to Elta, will continue its operations from its Tamworth warehouse without any...

Vehicle glass repair firm Cary Group has announced that its company Ryds Bilglas has signed an agreement to acquire a majority stake in L.Wall Bilplåt AB, an auto body shop located in Söderköping, Sweden. Ryds Bilglas is a specialist in the repair and replacement of automotive glass, with over 170 service centers across Sweden. This acquisition marks Ryds Bilglas' 12th purchase in Sweden, expanding its body, paint, and repair workshops to cater to the growing demand in the Östergötl...

Melett has officially joined Germany-based BMTS Technology, a global tier 1 automotive supplier. BMTS' acquisition of Melett is aimed at bolstering its growth strategy to expand as a supplier of turbochargers to both original equipment (OE) and aftermarket repair sectors, according to a company statement. BMTS specializes in high-technology components for current and future powertrains, such as turbochargers, with operations spanning Europe, Asia and the Americas, and caters to pass...

O2 Investment Partners has announced that US-based Straightaway Tire & Auto has acquired Silverlake Automotive, a five-location automotive repair brand serving the Coeur d'Alene, Idaho, market. This move represents Straightaway's first major expansion beyond its existing geographical footprint, extending the company's reach into the Mountain West, including planned expansions into Spokane, Washington, and broader Idaho, according to a press release. Silverlake Automotive, founded in 20...

Fisher Auto Parts, a US-based auto parts distribution network along with a presence in the retail and do-it-yourself customer sectors, has acquired Cincinnati-based Smyth Auto Parts, which has 25 locations across Ohio, Kentucky and Tennessee in the US. Following the acquisition, members of the Smyth family will continue to be actively involved in the business, with Jim Smyth as the regional manager, Rita Summers overseeing the paint division, and Bobby Smyth in charge of the machine shops. In...

Enlyte has announced an agreement to acquire PartsTrader, a parts procurement marketplace in the auto physical damage ecosystem. PartsTrader will become a wholly owned subsidiary of Enlyte while operating independently alongside Mitchell's Auto Physical Damage division. Both organizations will retain their distinct identities and operations. Enlyte is known for providing claims technology innovations, network connectivity solutions and various management services to over 2,000 entities. Its g...

India's JK Tyre & Industries Ltd. has completed the merger of its subsidiary, Cavendish Industries Ltd., with the parent company. This consolidation comes nearly 10 years after acquiring Cavendish Industries from Kesoram Industries in 2016. Cavendish Industries operates manufacturing facilities for various types of tires, including those for trucks, buses, and two- and three-wheelers. At the time of acquisition, the subsidiary was operating at approximately 30% capacity. JK Tyre then prov...

Continental has entered into exclusive negotiations with ASC Investment regarding the sale of ContiTrade France, which includes over 130 company-owned BestDrive outlets, two retreading facilities and the associated administrative functions. ASC Investment, based in Luxembourg and Munich, specializes in pan-European corporate spinoffs, carve-outs and succession situations with potential for improvement. Despite the sale, these service outlets will continue under Continental's BestDri...

Moran Family of Brands announced that it is expanding into Canada with the acquisition of Mister Transmission. Illinois-based Moran offers franchised services across general automotive, transmission repair, automotive accessories and window tint and paint protection through six brands with over 130 franchise locations nationwide. Mister Transmission, founded in 1963 in Canada, is engaged in transmission service and repair, with a nationwide network of service locations. Moran, which already o...

Vehicle glass repair firm Cary Group has agreed to acquire 55% of Szybex, a vehicle glass repair and replacement (VGRR) specialist based in Poland. Established in 1992 and headquartered in Częstochowa, Szybex is a family-owned business operating 14 fully owned workshops along with a network of 189 external partner workshops across Poland. The company is known for its customer satisfaction and strong relationships with insurance and leasing firms, employing just under 80 people, acc...

Superior Industries International (Superior), a US-based aluminum wheel supplier, announced that it has completed its acquisition by a group of term loan investors, including Oaktree Capital Management. The investors have converted a portion of their term loans into equity and eliminated the company's preferred stock, enhancing Superior's capital structure for sustainable growth in the global wheel industry. Following this transaction, Majdi Abulaban has stepped down as CEO, and Micha...

AD Parts Intergroup, a part of Parts Holding Europe in Spain, has acquired Auto Recambios FCO. Cerdá Perales SL, an independent spare parts distributor located in Valencia, Spain, through its subsidiary AD Vilber. Founded by Francisco Cerdá Perales in 1974, the company has annual sales exceeding €6 million, employs 27 people and operates four branches. It holds a strong presence in the Ribera Alta region, where it is recognized as a significant distributor, according to a press ...

Driven Brands, a US-based automotive aftermarket repairing and servicing company, has announced a definitive agreement to sell its international car wash business, IMO, to Franchise Equity Partners. The sale aims to refocus Driven Brands on its core operations, specifically scaling its Take 5 service and enhancing cash generation via its Franchise Brands. In a statement, CEO Danny Rivera noted that the divestiture simplifies the company's portfolio, improves the balance sheet and enhance...

The FNA Group, a manufacturer of pressure washers, pumps and outdoor power equipment, has acquired Allparts Equipment & Accessories Inc., a US-based company involved in the distribution and service of replacement parts in the pressure washer, heater, air compressor and other power equipment markets. Founded in 1988, Allparts serves over 2 million customers with original equipment manufacturer and aftermarket parts, supported by an in-house team that offers troubleshooting and assista...

Fastco Canada, a Canadian-owned company specializing in aftermarket alloy wheels, has acquired the ENVY wheel brand to expand its range of wheel solutions suitable for Canadian roads. In a statement, Fastco President Lee Chaplin expressed enthusiasm about this acquisition, emphasizing its alignment with the company's strategy to offer more choices and quality with Canadian-designed wheels. Chaplin said the move strengthens Fastco's position in the North American market. Fastco aims to co...

Akzo Nobel N.V. and Axalta Coating Systems Ltd. have agreed to an all-stock merger of equals, creating a global coatings company with an enterprise value estimated at $25 billion and projected revenue of $17 billion. The merger will unite the capabilities of both companies, enhancing their presence across key markets. The combined entity will operate in over 160 countries, providing a diversified portfolio of leading brands in sectors such as powder, aerospace, refinish, mobility, marine, ind...

Clarios, a global entity in low-voltage energy storage solutions, has announced its acquisition of Maxwell Technologies, a company specializing in supercapacitor cells and modules for various applications, including mobility and data centers. The acquisition aims to fortify Clarios' stance in high-performance, short-duration energy storage solutions by leveraging Maxwell's innovative supercapacitor technology. Supercapacitors are distinguished by their ability to charge and release energy rap...

Francisco Partners, a global investment firm, has announced its agreement to acquire OEConnection LLC (OEC), a digital platform serving the automotive aftersales ecosystem, from Genstar Capital. The financial terms of the acquisition were not disclosed. Founded in 2000 as a collaborative effort among various original equipment manufacturers, such as Ford and General Motors, OEC facilitates the sale of original equipment replacement parts. Over the years, it has broadened its capabilities...

Freudenberg-NOK Sealing Technologies (FNST), along with its aftermarket division Corteco, has signed an agreement to acquire Alto Products Corp., an independently-owned manufacturer of clutch plates and automatic transmission parts. This acquisition enhances Freudenberg's standing in both the North American and global markets, expanding its offerings to customers worldwide. Freudenberg Sealing Technologies, a part of the global Freudenberg Group, is involved in sealing technology and electr...

Schaeffler AG has decided to sell its mainland Chinese turbocharger business, which is experiencing a downturn, to Chengdu Xiling Power Science & Technology Incorporated Co., a mainland China-based firm involved in turbocharger technology.  This business is consolidated under Vitesco Automotive Shanghai Co., Ltd. Schaeffler says its decision aligns with its strategy to streamline its business portfolio, a plan announced at the Capital Markets Day on Sept. 16, 2025. “This transac...

Driven Distribution Group (DDG), a US-based warehouse distributor of automotive aftermarket hard parts, consumables and accessories, has acquired Quality Parts Warehouse (QPW). The acquisition, backed by HCI Equity Partners of Washington, D.C., aims to expand DDG's reach within the Dallas-Fort Worth market. With the addition of the 8,000-square-foot facility, DDG strengthens its logistics network, enabling improved customer service with timely deliveries of quality products. “This new fa...

Knorr-Bremse has signed a contract to acquire TRAVIS Road Services International BV, a Dutch company recognized as a leading online booking platform offering road services for commercial vehicles, including parking, cleaning, charging and repairs. The acquisition involves a mid-double-digit million-euro purchase price, with the transaction anticipated to close by the end of the first quarter of 2026. In a statement, Bernd Spies, a member of Knorr-Bremse's executive board, highlighted that thi...

The Fuchs Group, a Germany-based independent supplier of lubrication solutions, has announced the acquisition of its Swiss distribution partner, Aseol Suisse AG. This acquisition is set to be completed in 2025, resulting in Aseol Suisse AG being merged with Fuchs' existing subsidiary, Fuchs Swiss Lubricants AG. Previously, in June 2025, Fuchs Swiss Lubricants AG integrated the activities of two companies acquired in 2024: the Swiss subsidiary of the Lubcon Group and the lubricant specialis...

FairCap has signed a put option agreement to acquire 100% of Flauraud (Aurilis Group) from Emil Frey France. FairCap is an investment company with offices in Munich and Milan. The firm specializes in acquiring small and medium-sized companies in special situations and transforming them into sustainable businesses while considering financial, environmental and social factors. Flauraud, headquartered in Clermont-Ferrand, is a distributor of automotive spare parts with 27 stores across France an...

Sun Auto Tire & Service has expanded its presence in Arkansas, US, and North Carolina, US, through the acquisition of two long-standing auto service providers. The company announced the addition of Jackson Auto Worx, a repair provider in downtown Winston-Salem, North Carolina, and Hindsman & Son Tire & Service in Russellville, Arkansas. These acquisitions aim to enhance Sun Auto's network in existing markets and strengthen its service offerings. Jackson Auto Worx, established in 1...

US-based auto collision repair provider Caliber Collision and Caliber Auto Glass have announced the acquisition of Car Body Lab, a mobile auto body repair company servicing 20 cities across seven states. Terms of the acquisition were not disclosed, and Car Body Lab will continue to operate as a stand-alone business.  The acquisition is expected to expand Caliber’s auto body repair capabilities for Caliber Fleet Solutions, a specialized division for auto body and glass repair for l...

Xpel Inc., a global provider of protective films and coatings, has announced the acquisition of assets from its exclusive distributor for aftermarket products in China. This move aligns with the company's strategy to establish a direct go-to-market approach in major international car markets, with China being the largest. In a statement, Ryan Pape, president and CEO of Xpel, highlighted that this acquisition marks the culmination of its strategic efforts in key markets. The acquired business ...

DENSO has announced that its board of directors has resolved to transfer its Spark Plug and Exhaust Gas Sensor business (Oxygen Sensor and Air-Fuel Ratio Sensor) to Niterra Co. Ltd. The two parties reached a decision to sign the business transfer agreement during a board of directors meeting on Sept. 1. The company believes in the process of achieving a carbon-neutral society, electrified vehicles are expected to become more widespread throughout the auto industry. At the same time, powertrai...

Vehicle glass repair firm Cary Group has completed the acquisition of Nationwide Windscreens (York) Ltd. The acquisition is the fourth acquisition outside of National Windscreens, Cary Group's existing business in the UK.  The integration, effective from Sept. 1, is expected to enhance Cary Group's service capabilities, particularly in the insurance sector, where National Windscreens is already a trusted provider. “By integrating Nationwide Windscreens (York) into the National ...

Glasgow-based turbo remanufacturing specialist, The Turbo Guy, has expanded its operations into England by acquiring Turbocharger Service (UK) Ltd. (TCS) in Huddersfield, UK. Since its establishment in 2010, The Turbo Guy said it has experienced consistent growth and will now be able to provide same-day delivery of its remanufactured turbos to customers such as motor factors and parts distributors in the North of England. In the short term, TCS will maintain its current identity, and all s...

LKQ Corp. announced that it has entered into a definitive agreement to sell its self-service segment (Pick Your Part) to an affiliate of Pacific Avenue Capital Partners LLC for an enterprise value of $410 million. The net proceeds from the sale will be used to strengthen LKQ’s balance sheet through debt repayment, the company said. “Today’s announcement marks another important step in our multiyear transformation to simplify our portfolio and become a more focused, high-performing ...

Bridgestone Corp. has signed a definitive agreement to sell its Mexican carbon black manufacturing subsidiary, Mexico Carbon Manufacturing SA de CV (MXCB), to Cabot Corp. The strategic decision is part of the Japanese tiremaker’s ongoing efforts to restructure and strengthen its global operations under its Mid-Term Business Plan for 2024–2026. In June, Bridgestone agreed to sell its carbon black business in Thailand to Tokai Corp. The sale reflects Bridgestone’s commitment to “growth ...

Ecobat, a global battery recycling company, announced that it has agreed to sell its battery recycling and specialty lead operations in Germany and Austria to Clarios, a US-based supplier of energy storage solutions to original equipment (OE) manufacturers and the aftermarket. The sale includes Ecobat's facilities in Freiberg and Braubach, Germany, and Arnoldstein, Austria. The transaction is set to conclude by early 2026, pending regulatory approvals, and aligns with Ecobat's strategy to foc...

XL Parts | The Parts House has acquired Alliance Automotive Inc. and Alliance Auto Body Parts Inc., which operate under the name Alliance Auto Body Parts in Houston. The acquisition includes two locations in Northwest and Southwest Houston, with the aim of expanding XL Parts' presence in Houston's collision repair market. This acquisition aligns with XL Parts' strategy to enhance customer service and product availability across Texas. Alliance Auto Body Parts has been recognized for...

US-based Fenix Parent LLC, operating as Fenix Parts, a recycler and reseller of original equipment manufacturer automotive components, has announced its acquisition of Grade A Auto Parts, a company in the automotive recycling parts sector with a strong presence in the Midwest and Central US. This new partnership strengthens Fenix’s nationwide recycling and distribution infrastructure while adding strong customer support capabilities in a crucial region, the company said. As part of the t...

Phinia, the spinoff company of the fuel systems and aftermarket segments of Michigan, US-based powertrain technologies supplier BorgWarner, has successfully acquired Swedish Electromagnet Invest AB (SEM). SEM offers natural gas, hydrogen and other alternative fuel ignition systems, as well as injector stators and linear position sensors for on- and off-highway commercial vehicles and industrial markets. Additionally, SEM provides ignition and fuel injection solutions for the professional hand...

Inchcape, a UK-based independent, multibrand global automotive distributor, announced that it has entered into an agreement to acquire Askja, the leading automotive distributor in Iceland, along with its associated businesses. This acquisition allows Inchcape to enter a new market and advance its Accelerate+ strategy. Founded 20 years ago, Askja is well-known in Iceland for its strong partnerships with original equipment manufacturers and excellent customer service. The company holds exclusiv...

Japan's The Yokohama Rubber Co. Ltd. announced that Shandong Yokohama Rubber Industrial Products Co. Ltd. (YRSC), a consolidated subsidiary engaged in the production and sales of conveyor belts, has become a wholly owned subsidiary of the firm. The move follows Yokohama's headquarters in China — Yokohama Rubber (China) Co. Ltd. — acquiring the remaining 22.98% equity stake in Shandong and adding to its existing 77.02% equity stake in the company. YRSC, established in January ...

O2 Investment Partners announced that its portfolio company Straightaway Tire & Auto has completed six strategic acquisitions during the first half of 2025. These included the acquisitions of K Motion Auto Service, Antero Automotive, Stillwater Auto Clinic, Burnsville Auto Repair, Reliable Auto Care and AutoPro Auto Service. Terms of the transactions were not disclosed. Straightaway Tire & Auto is an independent, full-service aftermarket automotive repair and service platform with ove...

The Integration Group (TIG), a portfolio company of Maxwell Street Capital Partners (Maxwell Street), has acquired Matrix Management (Matrix), a Chicago-based provider of aftermarket assembly, kitting and e-commerce fulfillment solutions for agriculture, construction, lawn-and-garden, recreational, and industrial brands. TIG delivers contract logistics services and aftermarket supply chain solutions to customers in the automotive, agriculture and industrial-equipment markets. This acquis...

Intelligent power management company Eaton announced it has signed an agreement to acquire Resilient Power Systems Inc., a North American developer and manufacturer of energy solutions, including solid-state transformer-based technology. “Resilient’s medium voltage solid-state transformers are a next-generation solution in high-power, direct current (DC) applications in the electric vehicle (EV) market — and there’s huge opportunity for future applications in datacenters, port electri...

Infinity Engineered Products, a US-based air spring designer and manufacturer, and Meklas Otomotiv, a European air spring manufacturer, have entered into a definitive merger agreement to become a single leading company in global air spring innovation, manufacturing and distribution. The formal announcement was made at Automechanika Istanbul on June 12. The unified company — bearing the name Infinity Engineered Products — will leverage the strengths of both companies and their resources, a...

Wisconsin-based Automotive Supply Co. has announced the sale of its business to Automotive Parts Headquarters Inc. (APH), a family-owned auto parts distributor located in St. Cloud, Minnesota. APH, which operates 280 store locations across nine states, will rebrand Automotive Supply Co.'s 10 locations as ASC Auto Value following the acquisition. “As I looked at our company’s future, I recognized APH as a natural fit to continue our family culture and growth,” Rick Wood, president and...

Victory Tire & Auto, a brand under Straightaway Tire & Auto, has expanded its presence in Brooklyn Park, Minnesota, by acquiring AutoPro Auto Service. This acquisition marks Victory's second location in Brooklyn Park and its 18th in the Minnesota region. The addition aims to meet the increasing demand for automotive services, ensure enhanced access for drivers and maintain a commitment to high-quality service. John Klarkowski, the former owner of AutoPro, expressed satisfactio...

Brixey & Meyer Capital (BMC) has announced the acquisition of Universal Distribution Group (UDG), a provider of aftermarket automotive shop equipment and related services. UDG was acquired from founder and operator Josh Lyerly, who will retain an ownership stake and continue in a leadership role in the business. UDG offers comprehensive shop equipment solutions for dealerships, municipalities and independent repair facilities. Its field service team specializes in preventative mainte...

Dana has reached a definitive agreement to sell its Off-Highway business to Allison Transmission for $2.7 billion, the US-based supplier said in a press release on June 11. This deal is expected to close in the fourth quarter of 2025, pending customary regulatory approvals and closing conditions. The sale aligns with Dana's strategy to focus on being a supplier for on-highway light and commercial-vehicle customers, offering both traditional and electrified systems. After accounting for taxes,...

Pinewood Technologies Group PLC (Pinewood.AI), a cloud-based software provider for the automotive retail industry, has announced an agreement to acquire Lithia UK Holdings Ltd.'s 51% stake in their North American joint venture for $76.5 million. This acquisition will grant Pinewood full control over its North American operations, simplifying its structure and enhancing financial transparency, according to the company, which added that the move is expected to facilitate Pinewood.AI's expansion...

Swedish aftermarket company AD Sverige announced that it has acquired Finnish aftermarket firm Örum Oy Ab. "The acquisition supports AD Sweden's growth strategy. Both companies have strong local roots, a customer-oriented approach and strong technical expertise. By merging similar companies, AD Sweden's position in the Nordic countries will be strengthened and a solid foundation for a successful future will be created," the company said in a press release. Both companies said their strong...

The Goodyear Tire & Rubber Co. (Goodyear) announced that it has reached an agreement to sell a significant portion of its Goodyear Chemical business to Gemspring Capital Management LLC. This decision follows a strategic review as part of the Goodyear Forward transformation plan. Goodyear Chemical is a producer of synthetic rubber, offering a product portfolio in North America and serving the automotive aftermarket as well as the consumer and industrial end markets.  Good...

The Goodyear Tire & Rubber Co. announced the completion of the sale of its rights to the Dunlop brand in Europe, North America and Oceania. The transaction, which also includes related intellectual property and inventory, has been finalized with Sumitomo Rubber Industries Ltd., effective May 7. The sale encompasses consumer, commercial and other specialty tires under the Dunlop brand. "The sale of the Dunlop brand is another action that advances Goodyear Forward by optimizing our ...

Pirelli has entered into a long-term strategic partnership with CTS, an independent tire services provider in Northern Europe, to bolster its commercial presence in the region while enabling CTS to enhance its services in Sweden. As part of the agreement, CTS will acquire Däckia AB from Pirelli, which includes a network of 60 direct sales locations and 42 affiliates throughout Sweden. Concurrently, Pirelli and Däckia have signed a supply agreement effective through 2030, designating Pirelli as...

VSE Corp., a provider of aftermarket distribution and repair services, announced that it has completed the sale of its fleet business segment, Wheeler Fleet Solutions, to One Equity Partners for up to $230 million in total consideration. “The sale of our Fleet business marks the completion of VSE’s strategic transformation into a pure-play aviation aftermarket parts and services provider,” said John Cuomo, president and CEO of VSE Corp. “With our full focus now on the aviation afterma...

The Fuchs Group, a Germany-based independent supplier of lubrication solutions, has acquired IRMCO Advanced Metalforming Lubricant Technologies, a US-based manufacturer of metal-forming lubricants known for its innovative solutions in demanding manufacturing processes. With a history dating back to 1914, the Illinois, US-based family-owned company brings over a century of expertise and innovation to the Fuchs Group. This acquisition is aimed at expanding Fuchs' industrial product portfolio by...

Voxx International Corp., a manufacturer and distributor in automotive and consumer technologies, has announced the completion of its sale to Gentex Corp., a US-based supplier of automatic-dimming rearview mirrors and electronics to the automotive industry. This transaction followed an agreement made on Dec. 18, 2024, where Gentex agreed to acquire Voxx in an all-cash deal valued at $7.50 per share. The acquisition received overwhelming support from Voxx stockholders during a special meeting ...

FleetPride Inc., a US-based independent distributor of aftermarket heavy-duty parts and services, has announced its acquisition of OTR Fleet Service LLC, a major player in fleet maintenance based in Houston. The acquisition enables FleetPride to broaden its service capabilities throughout Texas by incorporating OTR's expertise in on-site mobile maintenance and repair services for heavy-duty trucks and trailers. OTR Fleet Service, known for its extensive reach in Texas with service center...

American Tire Distributors has recently concluded the sale of all its assets to a group of well-financed investors keen on fostering long-term growth. This move has led to the formation of a new entity, which will continue to operate under the name American Tire Distributors (ATD). The new company aims to enhance its growth trajectory and establish itself as a significant player within the replacement tire distribution sector. The strategy revolves around concentrating on its primary tire dis...

RealTruck Inc., a global aftermarket product and accessory brand catering specifically to truck, Jeep, Bronco and off-road enthusiasts, has officially completed the acquisition of Vehicle Accessories Group (VAI). This is set to significantly expand market opportunities for both RealTruck and VAI by leveraging RealTruck's extensive global aftermarket network and advanced e-commerce platform. In a statement, Carl-Martin Lindahl, CEO of RealTruck, highlighted that VAI's strengths in producing...

US-based Auto Care Plus (ACP), operating under the Straightaway Tire & Auto brand, an independent, full-service aftermarket automotive repair and service platform, has recently completed the acquisition of Quick Stop Tire Shop, a tire service and automotive care provider located in Plaistow, New Hampshire. The acquisition adds a 17th location to ACP's southeastern New Hampshire operations, further solidifying its market presence in the region, the company said, adding that Quick Stop Tire...

Victory Auto Service, a subsidiary of US-based Straightaway Tire & Auto, an independent, full-service aftermarket automotive repair and service platform, has announced the acquisition of Stillwater Auto Clinic. The expansion extends Victory Auto Service's footprint into the eastern Minneapolis metro area, reinforcing its commitment to partnering with trusted neighborhood auto repair shops. Stillwater Auto Clinic, known for its auto repair services within the Oak Park Heights com...

Driven Brands, a US-based automotive aftermarket repairing and servicing company, has announced its decision to sell its US car wash business to Express Wash Operations LLC, doing business as Whistle Express Car Wash (Whistle), for a sum of $385 million. The move, according to Jonathan Fitzpatrick, the president and CEO of Driven Brands, is aimed at reducing the company's debt and concentrating on expanding the Take 5 Oil Change brand along with its other franchised brands that generate stabl...

Lithia & Driveway (LAD), an automotive retailer in North America that also provides a suite of financing, leasing, repair and maintenance options, announced the acquisition of Stohlman Subaru, a full-service Subaru dealership located in Sterling, Virginia. The move aims to expand LAD's operations in the Mid-Atlantic region, an area known for its strong performance in the automotive industry. "We are thrilled to welcome the talented Stohlman Subaru team to the Lithia & D...

Japan's Yokohama Rubber has finalized its acquisition of the Off-the-Road (OTR) Tire business from The Goodyear Tire & Rubber Co., a tire manufacturing and sales firm based in the US. The move follows the initial agreement announced July 22, 2024. The OTR business specializes in producing tires for industries such as mining and construction. Yokohama Rubber intends to incorporate this newly acquired business into its consolidated results starting from the first quarter of 2025, with ongoi...

German automotive supplier MAHLE has agreed to sell its 40% minority share in Langfang Kokusan Electric Co. Ltd., a company specializing in the production of electric motors, generators, and other electrical products for the automotive and leisure equipment industries. This sale will see 28.5% of the shares acquired by Langfang Jinrun Technology Group Co. Ltd. and 11.5% by Langfang State-owned Assets Business Co. Ltd., both co-shareholders in the joint venture. The agreement for this transaction...

Fisher Auto Parts, a US-based auto parts distribution network along with a presence in the retail and do-it-yourself customer sectors, has announced the acquisition of New Jersey-based P&A Auto Parts, including its eight locations. Since its establishment in 1982, P&A Auto Parts has been a notable entity in the northeastern New Jersey market, catering to the auto parts needs of the community. The company has been under the leadership of key employees Joe Cupoli and Bill Freedman since...

The Fuchs Group, a Germany-based independent supplier of lubrication solutions, has announced the acquisition of Boss Lubricants GmbH & Co. KG, a family-owned manufacturer of specialty lubricants based in Germany. The strategic acquisition is aimed at enhancing Fuchs Group's specialty business portfolio and opening new opportunities for international growth. Boss Lubricants is recognized for its development, production and distribution of lubricants for various industries, including medic...

Cepton Inc., a high-performance Lidar solutions company based in Silicon Valley, California, has been acquired by Koito Manufacturing, a supplier of automotive lighting systems. This acquisition transforms Cepton into a private, indirect subsidiary of Koito in the US, with its headquarters remaining in San Jose, California. The move aims to further the industrialization of Cepton's advanced Lidar technology for future mobility, leveraging Koito's automotive industry expertise to enhance the comm...

Goodyear Tire & Rubber has signed a definitive agreement to sell its Dunlop brand and associated trademarks and intellectual assets to Sumitomo Rubber Industries (SRI). This strategic move is part of Goodyear's "Goodyear Forward" transformation plan, aimed at optimizing its brand portfolio and enhancing shareholder value. The transaction, valued at approximately $701 million, encompasses the Dunlop brand in Europe, North America, and Oceania across various tire categories, alongside a transi...

Sun Auto Tire & Service, a US-based national network of local tire and service providers, has announced on Dec. 16 its acquisition of 24 Greulich's Auto Repair shops in the Phoenix metro area in Arizona, significantly increasing its presence in the state with a total of 83 locations. Additionally, the company has expanded its footprint by adding three new Plaza Tire Service shops located in Arkansas, Illinois and Indiana. With these latest additions, Sun Auto Tire & Service celebrates...

Micronics Engineered Filtration Group, a subsidiary of Vance Street Capital and a global provider of aftermarket filtration solutions, announced Dec. 16 that it has acquired Action Filtration, a company specializing in pleated and cartridge filters for air-pollution control and environmental protection. This acquisition is aimed at enhancing Micronics' diverse range of engineered filtration solutions aimed at addressing the complex needs of industries focused on environmental emissions cont...

North America’s The Shyft Group, a company involved in specialty vehicle manufacturing, assembly and upfit for the commercial, retail and service specialty vehicle industry, along with Aebi Schmidt Group, has announced a definitive agreement to merge in an all-stock transaction, anticipated to create a leading specialty vehicles company, according to a press release dated Dec. 16. The merger is expected to be completed by mid-2025, pending customary regulatory approvals, including that from...

Northern Wholesale Supply LLC (NWS), a distributor of recreational vehicle (RV), marine and power sports parts and accessories, announced its acquisition by an affiliate of Sun Capital Partners Inc., a private equity firm, according to a press release dated Dec. 16. This acquisition includes all assets of NWS along with the Northern Wholesale Supply LLC trade name. Post-closing, the operation will continue under the Northern Wholesale Supply LLC name, signifying a strategic partnership aimed ...

Continental has announced its decision to sell Zonar Systems, a key provider of smart fleet management solutions, to GPS Trackit, a company specializing in cloud-based, internet of things fleet solutions and GPS tracking. The financial details of the deal remain undisclosed. The strategic move aligns with Continental's Automotive group sector strategy revealed in 2023, focusing on its core strengths and streamlining operations. “The decision to sell Zonar is part of our broader automotive s...

Proma Group, an Italy-based automotive supplier, has signed an investment agreement with Recaro Automotive GmbH on Dec. 4, 2024, to acquire its struggling business in Germany. The investment will allow Recaro Automotive to continue and relaunch its operations across Europe from January 2025. Recaro Automotive GmbH filed for insolvency on Jul. 30, 2024, in the Esslingen District Court, Germany. The court had ordered provisional self-administration and appointed Stuttgart lawyer Holger Blümle ...

The Fuchs Group, a Germany-based independent supplier of innovative lubrication solutions, has announced the successful completion of its strategic acquisition of Strub & Co. AG, a Swiss-based company specializing in the development, production, and distribution of industrial lubricants and specialty products, according to a press release dated Nov. 28. Established in 1921 and located in Reiden, Switzerland, Strub is a family-owned business with a focus on the Swiss market but also oper...

Toshiba Corp. has announced its plan to sell its wholly owned subsidiary Toshiba Materials to Niterra, a Japan-based supplier of ceramic products, according to a press release dated Nov. 25. The two companies signed a share transfer agreement with the aim to complete the transfer by May 30, 2025. Toshiba Materials, rooted in Toshiba's Specialty Materials division, is engaged in the development, manufacture and sales of various advanced materials and products including fine ceramics, high...

MidOcean Partners, an alternative asset manager based in New York and known for its expertise in middle-market investments, has completed the acquisition of Arnott Industries, a North American and European designer, developer, manufacturer, and distributor of air suspension systems and suspension components for the automotive aftermarket, according to a press release dated Nov. 18. Arnott boasts a product line of over 800 items for light passenger vehicles, claiming original equipment qu...

US-based independent manufacturer and distributor of automotive replacement parts, Standard Motor Products (SMP), has announced the finalization of its acquisition of AX V Nissens III APS (Nissens), a European manufacturer and distributor of aftermarket engine cooling and air conditioning products, according to a press release dated Nov. 1. The acquisition, which was initially announced in July, saw SMP taking over all issued and outstanding shares of Nissens for an estimated $390 millio...

Private investment firm Brixey & Meyer Capital (BMC) has announced its acquisition of Smith Equipment Solutions, a company in the technical field services and distribution industry for automotive aftermarket shop equipment, according to a press release dated Nov. 6. The company, previously owned by Wil and Emily Smith who will maintain an ownership stake, is headquartered in Raleigh, North Carolina. Smith Equipment Solutions' expertise lies in the repair, inspection and preventa...

Freudenberg-NOK Sealing Technologies announced that it has acquired Seal Aftermarket Products (SAP) LLC, a Florida-based aftermarket company that sells automotive transmission kits and components, according to a press release dated Nov. 6. SAP will be integrated into Freudenberg Sealing Technologies’ Corteco Division. SAP sells a line of automatic transmission rebuild kits, hard parts, components, electronic products and specialty tools. The financial terms of the transaction were not ...

NexaMotion Group (NMG), a US-based company offering solutions to simplify complex vehicle repair, announced that it has acquired parts distributor City Auto Supply, as part of its national expansion endeavors, according to a press release dated Oct. 31. A distributor of automotive parts that supplies to the auto repair industry, City Auto Supply is known for carrying over 100,000 individual parts. The company operates through three wholesale distributor locations, with two in San Francisco an...

Sweden-based SKF, a supplier of rolling bearings, seals, mechatronics and lubrication systems, announced the completion of the acquisition of John Sample Group’s (JSG's) Lubrication and Flow Management businesses, according to a press release dated Oct. 31. JSG, a company with net sales of approximately 550 million kronor (about $51 million) in the last fiscal year and a workforce of 85 employees, operates across Australia, New Zealand, Indonesia and Singapore. This acquisition will se...

In a strategic move to bolster its presence and services across Africa, IAMaga, the African regional arm of Nexus Automotive International, has announced the acquisition of BTR, according to a press release dated Oct. 21. This acquisition aims to enhance the expansion of suppliers' activities and deliver more services throughout the continent by providing tailored services to suppliers lacking an adequate regional footprint. Nexus said that since its inception, it has focused on delivering va...

Gryphon Investors, a private equity firm, has announced the acquisition of RapidAir, a specialized provider of branded downstream compressed air solutions, from Pfingsten Partners, according to a press release dated Oct. 17. RapidAir, established in 2003, offers a range of products including fittings, accessories, aluminum piping and filtration products catering to various markets such as the automotive aftermarket, transportation and manufacturing. The company's CEO Mark LeMire and its ...

Dobbs Tire & Auto Centers, a US-based entity in the tire and automotive aftermarket service sector, has announced a strategic move into the Texas, US, market through the acquisition of Automotive Super Center (ASC), based in Longview, Texas, according to a press release dated Oct. 10. This venture marks Dobbs' inaugural acquisition with its strategy to grow and consolidate its presence in the fragmented industry of tire and automotive services, the statement added. “We are thrilled t...

Brembo, a global supplier involved in the design and production of high-performance braking systems for the automotive industry, announced that it has signed an agreement to acquire a 100% stake in Öhlins Racing, a premier suspension technology manufacturer for motorcycles and cars, according to a press release dated Oct. 11. The acquisition of Öhlins, from Tenneco, a portfolio company of funds managed by affiliates of Apollo Global Management Inc., represents the largest in Brembo's history a...

Terex Corp. has announced the completion of its acquisition of Environmental Solutions Group (ESG) from Dover Corp., a US-based manufacturer and solutions provider of equipment and components, consumable supplies, aftermarket parts, software, and digital solutions and support services, for $2.0 billion, with a net of $1.7 billion after accounting for expected tax benefits, according to a press release dated Oct. 8. This acquisition is anticipated to significantly enhance Terex's fin...