PE-owned American Driveline Systems appoints CFO

American Driveline Systems, which is owned by American Capital, has hired Jim Gregory as chief financial officer of both its company and its subsidiaries AAMCO Transmissions, Cottman Transmission Systems and Global Powertrain Systems. Gregory’s appointment comes after serving four months as the firm’s interim CFO. Prior to joining American Driveline, Gregory worked at Edgeview Partners where he was an investment banker specializing in M & A.

PRESS RELEASE

HORSHAM, Pa., Aug. 26, 2014 /PRNewswire-USNewswire/ — American Driveline Systems, Inc. announced today that it has appointed Jim Gregory as CFO of the company, and its subsidiary corporations AAMCO Transmissions Inc., Cottman Transmission Systems, LLC, and Global Powertrain Systems, Inc.

Jim Gregory officially joins the company as the chief financial officer (CFO) after four months of serving as the interim CFO.
Gregory brings to American Driveline significant experience in the private equity sector. Previously, Gregory served as a Principal on American Capital’s private equity team. During his nine-year tenure at American Capital, he served on the Board of Directors for businesses across a variety of industries including American Driveline Systems, Inc. since 2009. Gregory’s experience at American Capital includes controlling equity investments and successful exits in businesses across a variety of industries, add-on acquisitions, capital raising, refinancing transactions, and portfolio company management and oversight of a variety of successful initiatives including add-on acquisitions, new product development, geographical expansion and executive recruiting.

Prior to his work at American Capital, Gregory was an investment banker specializing in mergers & acquisitions at Edgeview Partners in Charlotte, North Carolina.

“As our interim CFO, Jim made a positive impact on our business and built strong relationships with our teams,” says American Driveline Systems, Inc. President and CEO Brett Ponton. “Due to his disciplined approach to financial management, Jim has proven himself to be a process-oriented, detailed and forward-thinking leader. It gives me great confidence that he will formally join our leadership team.”

ABOUT AMERICAN DRIVELINE SYSTEMS, INC.
American Driveline Systems, Inc. is the parent company of AAMCO Transmissions, Inc., Cottman Transmission Systems, LLC., and Global Powertrain Systems, Inc. and is majority owned by American Capital, Ltd. (Nasdaq: ACAS). The combined entities of American Driveline Systems, Inc. are proud to have served over 45 million drivers.

 

 

 

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