Cortec Group Acquires Enthusiast Auto Holdings from Bertram Capital

Enthusiast Auto Holdings (Cortec) Acquires RCI Off Road

April 1, 2023

E-Commerce

Enthusiast Auto Holdings (EAH), a Cortec Group-backed e-commerce platform for performance automotive aftermarket businesses, has acquired RCI Off Road, a Loveland, Colorado-based manufacturer and online retailer of off-road accessories for pickup trucks and SUVs. The acquisition is an add-on to EAH’s portfolio to expand into the truck/off-road aftermarket and to leverage EAH’s digital marketing, technology, and distribution capabilities to scale RCI’s growth.

Enthusiast Auto Holdings Acquires EVANNEX

November 16, 2021

E-Commerce

Enthusiast Auto Holdings (EAH), a Cortec-backed e-commerce platform, acquired Teslaccessories, LLC d/b/a EVANNEX, a Deerfield Beach, Florida-based direct-to-consumer retailer of aftermarket Tesla and electric vehicle accessories. EVANNEX’s president Matt Pressman will continue to manage the business; EAH said it will support EVANNEX with digital marketing, operations, R&D and technology to broaden the product catalog and accelerate growth. Terms were not disclosed.

Enthusiast Auto Holdings Acquires Majority of Z1 Motorsports

February 16, 2021

E-Commerce

Enthusiast Auto Holdings (EAH) acquired a majority stake in Z1 Motorsports on November 3, 2020, in partnership with Z1 management. Z1, a Carrollton, Georgia–based direct-to-consumer e-commerce retailer of Nissan and Infiniti performance parts, will continue to be led by Founder and President Russell Floyd as EAH supports scaling through digital marketing, technology, and operations expertise.

Gentherm Acquires Etratech Enterprises

November 8, 2017

Manufacturing

Gentherm Incorporated acquired Etratech Enterprises, Inc., a Burlington, Ontario–based designer and manufacturer of advanced electronic controls and systems, from Etratech shareholders (including minority investor The Shotgun Fund). Etratech, which employs more than 400 people and had estimated revenues of CAD 77 million (about US$61 million) trailing-12-months, was purchased for US$64 million (~8.5x trailing EBITDA).

Graham Partners Acquires E Tech Group

April 11, 2024

Industrial Services

Graham Partners, a private investment firm focused on advanced manufacturing, has acquired E Tech Group, an industrial automation systems integrator headquartered in West Chester, Ohio, from Falfurrias Capital Partners. Graham intends to support E Tech's growth, expand its service capabilities and pursue additional targeted add-on acquisitions across attractive end markets including life sciences, data centers and consumer packaged goods/food & beverage.

Arsenal Capital Partners Acquires Eckhart Holdings from LFM Capital

January 18, 2022

Industrial Services

Arsenal Capital Partners has acquired Eckhart Holdings, Inc., an automation solutions and systems-integration provider based in Warren, Michigan, from LFM Capital. Arsenal said it will invest incremental capital to scale Eckhart's engineering, robotics and Industry 4.0 capabilities and expand the company's presence across attractive end markets such as e-commerce, electric vehicles and consumer products.