Published: April 26, 2010
Vista-Pro Automotive Sells Reman Division
NASHVILLE, Tenn. - (BUSINESS WIRE) - Vista-Pro Automotive, LLC, ("Vista-Pro" ) a portfolio company of
Wynnchurch Capital, announces the sale of certain assets of Centrum
Reman, LLC ("LTD Parts" ) to BBB Industries, LLC, a privately-held
company.
LTD Parts is a leading provider of premium remanufactured rotating
electrical products and power steering products for the U.S. automotive
and light truck aftermarket.
Vista-Pro was formed in August 2009 to acquire Centrum Equities, XV, a
holding company that had previously acquired select aftermarket assets
of Visteon Corporation in 2008, including LTD Parts, and substantially
all of the North American assets and operations of Proliance
International Inc.
"The divestiture of LTD Parts substantially eliminates Vista-Pro's debt
and allows for a complete focus by management on achieving new levels of
excellence as a leading supplier of climate control products," said
Roger Brown, Chairman of the Board of Vista-Pro.
BBB Industries, LLC is a leading participant in the U.S. rotating
electrical remanufacturing industry. For BBB Industries the acquisition
of LTD Parts provides a strong strategic expansion of customer base and
product lines.
About Vista-Pro Automotive, LLC:
Vista-Pro Automotive, headquartered in Nashville, TN, is a leading
designer, manufacturer and distributor of non-discretionary automotive
aftermarket parts including radiators, condensers, heater cores and air
conditioning products. www.vistaproauto.com
About Wynnchurch Capital:
Located in the Chicago suburb of Rosemont, IL, and founded in 1999,
Wynnchurch Capital is a leading middle-market private equity investment
firm that provides capital and management tools to improve the
operations of acquired companies. Wynnchurch's strategy is to partner
with outstanding management teams to acquire middle-market companies in
the U.S. and Canada that possess the potential for substantial growth in
profit through performance improvement. Wynnchurch Capital manages a
number of private-equity funds with capital under management in excess
of $500 million, specializing in management buyouts, recapitalizations,
corporate carve-outs, restructurings and growth capital investments. www.wynnchurch.com
Steve Hoane
Vice President, Sales & Marketing
Vista-Pro
Automotive, LLC
615-622-2200
or
Terry Theodore
Partner
Wynnchurch
Capital
248-593-3800
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