Automotive Acquisitions in 2016

Torque Capital's investor group has completed the purchase of the North American and European light vehicle aftermarket business of Remy, Inc. from BorgWarner Inc., acquiring Remy's North American rotating electrical remanufacturing business, the Maval power steering business, and Remy Europe rotator remanufacturing operations. The deal creates a standalone Remy aftermarket business with David Nichols named president of the North American company.

Polaris Industries Inc. agreed to acquire Transamerican Auto Parts Co. (TAP), a vertically integrated manufacturer, distributor, retailer and installer of off‑road Jeep and truck accessories, for an aggregate $665 million (subject to customary adjustments). The acquisition adds TAP's proprietary brands and multi‑channel retail and e‑commerce capabilities to Polaris' aftermarket portfolio to accelerate growth and cross‑sell products to a larger combined customer base.

APCO Holdings, LLC has acquired 100% of Automotive Development Group, LLC from The Zabel Companies, LLC. ADG's senior management will remain shareholders and the business will continue to operate as a separate unit under the current management team to expand APCO/EasyCare's dealer-facing capabilities in F&I products, training and consulting.