Cloyes Acquisition of Rotomaster
THE TRANSACTION
On October 30, 2023, Cloyes Gear & Products, Inc. (“Cloyes”), the global leader and designer of mission-critical timing drive systems and components for the automotive aftermarket, announced the acquisition of Rotomaster, a leading global turbocharger and component specialist. The acquisition is supportive of Cloyes’ long-term strategy to continue its expansion of application specific products and solutions for the most demanding vehicles on the road. Both Cloyes and Rotomaster’s extensive experience as aftermarket suppliers will complement each other and drive significant growth and expansion for both companies.
Donnelly Penman & Partners provided commercial and financial advisory services to Cloyes in connection with the Transaction.
Our Client
CLOYES GEAR & PRODUCTS, INC.
Based in Fort Smith, AR, Cloyes is the North American leader and global designer, developer, manufacturer and distributor of timing drive systems and components for the automotive aftermarket. Its products are mission critical components for engine performance and function used in high-performance and replacement applications. Cloyes serves a broad customer base, including wholesale distributors, national and local retailers, re-packagers, and production engine builders, and sells its products under the Cloyes® brand throughout North America and Dynagear® in Mexico. To learn more, visit www.cloyes.com.
Transaction Partner
ROTOMASTER
Rotomaster began operations in Vancouver, Canada in 1978, starting in the heavy-duty market and later expanding into light, medium-duty, power sports, industrial and marine vehicles. With ISO 9001-certified locations in Canada, the United States, and China, Rotomaster is paving the way for innovative turbo design, scalable manufacturing, state-of-the-art testing, and expert technical support. Rotomaster is recognized worldwide as the industry leader in performance, innovation, durability, and value. For more information, please visit www.rotomaster.com.
CONTACT
Automotive & Truck
Automotive & Truck
Automotive & Truck
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