Horsepower Automotive Acquires Flatline Van Company

Huron Capital’s Horsepower Platform Acquires Rago Fabrication

March 17, 2022

Automotive

Huron Capital Partners' aftermarket platform Horsepower (which operates Addictive Desert Designs and DV8 Offroad) has acquired Rago Fabrication, a Kerrville, Texas-based manufacturer and distributor of off-road and overlanding accessories focused on Toyota and Lexus platforms. The deal expands Horsepower's product lineup and vehicle-platform coverage—adding storage solutions, bed racks, mounts and armor designed for Toyota and Lexus trucks and SUVs.

Lincoln Electric Acquires Vanair Manufacturing

July 31, 2024

Manufacturing

Lincoln Electric Holdings, Inc. has acquired Vanair Manufacturing, LLC, a Michigan City, Indiana-based maker of vehicle-mounted mobile power solutions including compressors, generators, welders, hydraulics and chargers. The deal (Vanair ~ $100M revenue) expands Lincoln Electric's product and channel capabilities into the service-truck market and will be reported in its Americas Welding segment.

Aramco (via Aramco Asia Singapore) Acquires 10% Stake in Horse Powertrain Limited

December 2, 2024

Automotive

Aramco, through its wholly owned subsidiary Aramco Asia Singapore Pte. Ltd., has completed the acquisition of a 10% equity stake in Horse Powertrain Limited based on an enterprise valuation of €7.4 billion. Renault Group and Geely (via Geely Holding and Geely Auto) each retain 45% stakes; the investment formalises a strategic partnership to advance powertrain technologies, synthetic fuels and lubricants and accelerate lower‑carbon mobility solutions.

Highline Aftermarket Acquires Camco Manufacturing's Liquids Division

November 11, 2019

Manufacturing

Highline Aftermarket, a portfolio company of The Sterling Group, has acquired Camco Manufacturing’s Liquids division, adding manufacturing plants in Leominster, MA; Reidsville, NC; Elkhart, IN; and Albany, OR. The acquisition expands Highline’s blending and filling capacity and strengthens its position as a nationwide producer and distributor of windshield wash, RV antifreeze and diesel exhaust fluid for the automotive, RV and marine aftermarket.

Penske Logistics Acquires Black Horse Carriers, Inc.

November 30, 2020

Trucking & Fleet

Penske Logistics has agreed to acquire Chicago-based trucking company Black Horse Carriers, Inc.; financial terms were not disclosed. The acquisition, expected to close December 31, 2020, will expand Penske’s dedicated contract carriage capabilities and integrate Black Horse’s fleet and operations (Black Horse operates ~2,000 vehicles and employs more than 4,000 people).

Pritzker Private Capital Acquires Highline Aftermarket and Warren Distribution

November 10, 2020

Automotive

Pritzker Private Capital (PPC) has completed acquisitions of Highline Aftermarket Holdings and Warren Distribution, combining a national distributor and a private-label lubricant manufacturer into a leading automotive aftermarket supplier. The combined business will operate 27 facilities across North America, offer over 22,000 SKUs, and be led by Highline CEO Darcy Curran with Warren founder Bob Schlott serving as a board advisor.