Automotive Acquisitions in 2015

Delphi Automotive PLC has entered into a definitive agreement to acquire Control-Tec LLC, a SaaS provider of telematics and vehicle data analytics for automotive OEMs. The acquisition will strengthen Delphi's software, data management and telematics capabilities to support OEM customers and accelerate Control-Tec's growth under Delphi's global footprint.

AP Emissions Technologies, LLC has acquired Eastern Catalytic (Eastern Manufacturing, Inc.), a Langhorne, Pennsylvania-based manufacturer of catalytic converters and emission components. The acquisition brings together complementary product portfolios and manufacturing capabilities — Eastern operates a 115,000 ft² manufacturing facility and a 102,000 ft² distribution center with about 125 employees — and Angle Advisors served as Eastern's exclusive advisor.

ECS Tuning, owned by Bertram Capital, acquired Turner Motorsport from its shareholders; BDO Capital Advisors served as exclusive financial advisor to Turner Motorsport. The transaction is ECS's first add-on to its e-commerce platform and aims to broaden product selection and create a premier online destination for BMW parts, with founder Will Turner remaining as President of the Turner Motorsport division.

Old World Industries, LLC has acquired the automotive lighting business of EiKO Global, LLC in a divestiture transaction. Angle Advisors served as exclusive advisor to EiKO; the acquisition adds a broad portfolio of automotive lighting products to Old World’s aftermarket distribution and product capabilities.

Pacific Northwest Capital Group, a Seattle-based venture capital firm and registered SBIC, acquired Iden's Detailing, Inc., a Tukwila, Washington-based auto reconditioning and cosmetic services provider. The acquisition closed on November 29, 2013; the buyer said it plans to partner with management to expand the company's regional footprint and pursue national growth.