Centrum Equities, XV, a holding company that owns Visteon Corp., has purchased Proliance International.
Centrum will merge the operations of Visteon and Proliance under the name Vista-Pro Automotive.
The new company will combine Centrum's aftermarket products, which include climate control systems, remanufactured starters and alternators, and hydraulic steering systems, with Proliance's aftermarket products, which include heat transfer and temperature control systems. Vista-Pro's product line will include Proliance's Ready-Rad radiators, Ready-Aire condensers and Ready-Aire heater cores.
Equity funding for merger was provided by Wynnchurch Capital, a private equity firm out of Chicago. Additional funding came from Roger Brown, CEO of Vista-Pro and John McClinden, a Chicago-based investor. Debt financing was provided by The PrivateBank.
"The synergies generated by the formation of the new company will provide significant opportunity for growth, the introduction of new products, and a platform for providing exemplary service to Vista-Pro's customers," said Terry Theodore, partner for Wynnchurch Capital.
Vista-Pro Automotive will operate from its headquarters in Nashville, Tenn., with a support office in New Haven, Conn., and distribution centers in Sparta, Tenn., Reno, Nev. and Southaven, Miss.
Centrum will merge the operations of Visteon and Proliance under the name Vista-Pro Automotive.
The new company will combine Centrum's aftermarket products, which include climate control systems, remanufactured starters and alternators, and hydraulic steering systems, with Proliance's aftermarket products, which include heat transfer and temperature control systems. Vista-Pro's product line will include Proliance's Ready-Rad radiators, Ready-Aire condensers and Ready-Aire heater cores.
Equity funding for merger was provided by Wynnchurch Capital, a private equity firm out of Chicago. Additional funding came from Roger Brown, CEO of Vista-Pro and John McClinden, a Chicago-based investor. Debt financing was provided by The PrivateBank.
"The synergies generated by the formation of the new company will provide significant opportunity for growth, the introduction of new products, and a platform for providing exemplary service to Vista-Pro's customers," said Terry Theodore, partner for Wynnchurch Capital.
Vista-Pro Automotive will operate from its headquarters in Nashville, Tenn., with a support office in New Haven, Conn., and distribution centers in Sparta, Tenn., Reno, Nev. and Southaven, Miss.
media brand
0 Comments
See all comments