AURELIUS Acquires Dayco Propulsion Solutions Business
May 2, 2024
AURELIUS Private Equity has acquired Dayco's Propulsion Solutions division in a carve-out from Dayco Incorporated, a company backed by Hidden Harbor Capital Partners. The business — a global supplier of power transmission systems for light-vehicle and commercial/off-highway OEMs with more than $450m in revenue — will be positioned for operational transformation and growth under AURELIUS.
- Buyers
- AURELIUS Private Equity
- Targets
- Dayco Propulsion Solutions
- Sellers
- Dayco Incorporated, Hidden Harbor Capital Partners
- Industry
- Manufacturing
- Location
- Michigan, United States
- Transaction Type
- Divestiture
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