M&A Deal Summary

Cloyes Acquires Rotomaster

On October 30, 2023, Cloyes acquired automotive company Rotomaster from CARDONE Industries

Acquisition Highlights
  • This is Cloyes’ 1st transaction in the Automotive sector.
  • This is Cloyes’ 1st transaction in the United States.
  • This is Cloyes’ 1st transaction in Arizona.

M&A Deal Summary
Date 2023-10-30
Target Rotomaster
Sector Automotive
Buyer(s) Cloyes
Sellers(s) CARDONE Industries
Deal Type Divestiture

Target

Rotomaster

Mesa, Arizona, United States
Rotomaster is a manufacturer of new and re-manufactured turbochargers, service kits, cartridges, and components. Rotomaster was established in 1978 and is based in Mesa, Arizona.

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Buyer(S) 1

Buyer

Cloyes

Fort Smith, Arkansas, United States
Category Company
Sector Automotive
DESCRIPTION

Cloyes is a 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 is based in Fort Smith, Arkansas.

DEAL STATS #
Overall 1 of 2
Sector (Automotive) 1 of 1
Type (Divestiture) 1 of 1
State (Arizona) 1 of 1
Country (United States) 1 of 2
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-27 Cloyes

Oberseifersdorf, Germany

Cloyes is a leading supplier of timing systems and components for automotive engines and enjoys a dominant market position in the North American automotive aftermarket under the Cloyes® and Dynagear® brand names. Cloyes is one of only four global OE suppliers that provides customers with the design, engineering, manufacturing and supply chain management for the timing system in engines. Cloyes is based in Oberseifersdorf, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-20 Automotive Tensioners

Denton, Texas, United States

Automotive Tensioners (ATI) is an OE-minded designer, developer, and distributor of front-end accessory drive pulleys, tensioners, tensioner belt kits, and molded hoses for the North American automotive aftermarket. ATI serves a wide customer base, including national retailers, fleets, and the high-performance market. Automotive Tensioners is based in Denton, Texas.

Buy -

Seller(S) 1

SELLER

CARDONE Industries

Philadelphia, Pennsylvania, United States
Category Company
Founded 1970
Sector Automotive
DESCRIPTION

CARDONE Industries is a manufacturer and supplier of automotive replacement parts such as brakes, fuel systems, motors and pumps for cars and trucks. CARDONE Industries was established in 1970 and is based in Philadelphia, Pennsylvania.

DEAL STATS #
Overall 1 of 1
Sector (Automotive) 1 of 1
Type (Divestiture) 1 of 1
State (Arizona) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-21 Rotomaster

Mesa, Arizona, United States

Rotomaster is a manufacturer of new and re-manufactured turbochargers, service kits, cartridges, and components. Rotomaster was established in 1978 and is based in Mesa, Arizona.

Buy -
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