It was announced today that Marlin Equity Partners has acquired ATC Drivetrain, a remanufacturer of transmissions, from GENCO ATC. “The ATC Drivetrain team and I are extremely proud and excited to be joining forces with a first-class organization like Marlin Equity Partners,” said Michael LePore, ATC Drivetrain’s president and CEO. “We are in the midst of an explosive growth period and look forward to future product expansion with our new partners.”
ATC Drivetrain is a remanufacturer of transmissions, engines, advanced battery packs, and related components for light-, medium- and heavy-duty vehicles. The company’s services include process and salvage engineering, warranty root cause analysis and testing, machining for repair and salvage of components, and recycling of non-reclaimable material. ATC Drivetrain serves automotive original equipment manufacturers and aftermarket distributors throughout the United States. The company is based in Oklahoma City, OK (www.atcdrivetrain.com).
Marlin Equity Partners invests in businesses across multiple industries that are in the process of undergoing varying degrees of operational, financial or market-driven change. The firm is based in is a Los Angeles, CA (www.marlinequity.com).
“We are excited to partner with the industry’s leading transmission remanufacturer and are committed to building on ATC Drivetrain’s longstanding relationships with its blue-chip customers. Our substantial investment reflects our confidence in the platform and our strong belief in the company’s continued growth,” said Steve Johnson, a principal at Marlin.
Angle Advisors acted as the exclusive investment banking advisor to GENCO ATC and ATC Drivetrain in managing this transaction. “We hired Angle Advisors for their deep experience in the automotive aftermarket and vehicular industries, in addition to their hands-on approach and customized processes. Their strategy proved highly successful and we are very happy to have consummated such a successful transaction for our customers and teammates,” said Todd Peters, vice chairman at GENCO ATC.
Angle Advisors, with offices in the United States, Germany, the United Kingdom, and China, specializes in a variety of industries including the vehicular and industrial sectors. The firm’s 32 professionals provide mergers and acquisitions, capital raising, and debt advisory services to multinational corporations, privately-held companies, private equity funds and public sector clients. The firm is based in Birmingham, MI (www.angleadvisors.com).
GENCO ATC is North America’s second largest and a global Top 25 third-party logistics company. GENCO ATC serves more than 150 customers worldwide, including many Fortune 500 manufacturers, retailers, and government agencies. With over $1.5 billion in annual sales, GENCO ATC maintains 130 operations throughout North America and has more than 10,000 employees. The company was founded in 1898 and is based in Pittsburgh, PA (www.genco.com).
