Genstar Capital Acquires Majority Stake in OEConnection from Providence Equity
August 1, 2019
Genstar Capital has agreed to acquire a majority stake in OEConnection LLC (OEC) from funds advised by Providence Equity Partners, with Ford Motor Company and General Motors retaining minority stakes. Financial terms were not disclosed; the deal is expected to close in Q3 2019 and aims to support OEC's expansion of product offerings, geographic footprint and M&A activity.
- Buyers
- Genstar Capital
- Targets
- OEConnection LLC
- Sellers
- Funds advised by Providence Equity Partners L.L.C.
- Industry
- Software
- Location
- Ohio, United States
- Transaction Type
- Buyout
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