The Gores Group has invested in the Tweddle Group, a provider of technology and publishing related services to automotive OEMs and their suppliers, in partnership with Andy Tweddle, the company’s CEO and owner and other members of the company’s management team.
Tweddle provides authoring, printing and delivery of owner’s and service manuals for automotive OEMs throughout North America, Europe and Asia. Tweedle manages a process that involves coordination between Tweddle and thousands of OEM employees across numerous departments. Customers include BMW, Chrysler, Ford, Nissan and Toyota. Tweddle, a third generation, family-owned business, was founded in 1954 and is headquartered near Detroit in Clinton Township, MI. The company has additional offices in Italy, Belgium, China and the UK (www.tweddle.com).
“Tweddle represents a compelling opportunity to partner with a deeply entrenched, dominant player in a niche market with an outstanding team,” said Anthony Guagliano, Managing Director of The Gores Group. “We are excited to partner with Andy Tweddle and the management team in continuing to develop and deliver market leading services to its customers.”
The Gores Group makes control investments in non-core, underperforming or undervalued businesses in the United States and Europe. The firm maintains an in-house team of over 60 M&A and operations professionals in the US and Europe. The Gores Group was founded in 1987 and is headquartered in Los Angeles with additional offices in Boulder, CO and London (www.gores.com).
“For three generations, Tweddle has provided our customers with exceptional support across multiple service offerings including acting as a Tier-1 provider of owner’s and service manual information to OEMs, replacing a complex process with an innovative, value-added technology driven solution,” said Andy Tweddle. “The Gores Group will be an ideal partner as we continue to move our business forward, expanding geographically, across additional OEMs, and into new technologies.”
© 2014 PEPD • Private Equity’s Leading News Magazine • 4-14-14
