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  6. Cloyes Acquires Automotive Tensioners

M&A Deal Summary

Cloyes Acquires Automotive Tensioners

On February 20, 2024, Cloyes acquired business services company Automotive Tensioners

Acquisition Highlights
  • This is Cloyes’ 1st transaction in the Business Services sector.
  • This is Cloyes’ 2nd transaction in the United States.
  • This is Cloyes’ 1st transaction in Texas.

M&A Deal Summary
Date 2024-02-20
Target Automotive Tensioners
Sector Business Services
Buyer(s) Cloyes
Deal Type Add-on Acquisition

Target

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.

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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 2 of 2
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Texas) 1 of 1
Country (United States) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-30 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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