Marlin Equity Partners has acquired ATC Drivetrain, an Oklahoma City, OK-based independent powertrain remanufacturer for light vehicles and medium- and heavy-duty trucks, from GENCO ATC. This is Marlin’s fourth corporate divestiture acquisition this year. No financial terms were disclosed. Angle Advisors managed the divestiture sale process for GENCO ATC.
Marlin Equity Partners (“Marlin”) is pleased to announce the acquisition of ATC Drivetrain, Inc. (“ATC Drivetrain”) from GENCO ATC, North America’s second largest third-party logistics provider. ATC Drivetrain is a leading independent powertrain remanufacturer for light vehicles and medium- and heavy-duty trucks. The company provides a wide range of services including remanufacturing transmissions and engines, engineering design, core management and logistics services to automotive original equipment manufacturers and the independent aftermarket.
“The ATC Drivetrain team and I are extremely proud and excited to be joining forces with a first-class organization like Marlin Equity Partners,” stated 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. Our world-class team will continue to work directly with our customers to provide unparalleled product quality, innovation and customer service.”
Steve Johnson, a principal at Marlin, added “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.”
About Marlin Equity Partners
Marlin Equity Partners is a Los Angeles, California-based private investment firm with over $1 billion of capital under management. The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. Marlin invests in businesses across multiple industries that are in the process of undergoing varying degrees of operational, financial or market-driven change where its capital base, industry relationships and extensive network of operational resources significantly strengthens a company’s outlook and enhances value. Since its inception, Marlin, through its group of funds and related companies, has successfully completed over 55 acquisitions.
About ATC Drivetrain
ATC Drivetrain is an Oklahoma City, Oklahoma-based 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.