The same qualities that make the aftermarket a great place to do business make it a compelling investment for PE.
MidOcean is a New York City-based “middle-market private-equity firm focused on the business services and consumer sectors,” according to the firm’s website.
The kit is for late-model GM high-feature V-6 engines.
Angst brings 30 years of experience to Cloyes, joining the company from Sharp Tooling Solutions in Romeo, Michigan.
Prior to Cloyes, Hanighen served as global aftermarket director and CEO of Quick Lane Tire & Auto Centers for Ford Motor Co.
Your customers should be replacing all the timing components at the same time.
The kits provide coverage for more than 5.1 million VIO in North America.
The kit is for GM 2.8-liter, 3-liter and 3.6-liter V-6 engines and provides coverage for more than 5.4 million VIO.
The investment aligns with the company’s engineering focus, as Cloyes continues to expand its offering of timing-chain kits with VVT technology.
Employees at the facility achieved 17 consecutive years without a lost-time accident.
ISO 9001 is the international standard that specifies requirements for a quality-management system.
Both in the business-to-business category, Cloyes won Best Ad Campaign to the Technician/Repair Audience and Best Use of Ad Graphics to the Distribution/Retail and Technician/Repair Audience.