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Visteon Aftermarket and Proliance International Combine to Form Vista-Pro Automotive

Vista-Pro Automotive will operate from its headquarters in Nashville, TN, with a support office in New Haven, CT, and distribution centers in Sparta, TN, Reno, Nev., and Southaven, MS.

Centrum Equities XV, a holding company that had previously acquired select aftermarket assets of Visteon Corp. in 2008, has acquired substantially all of the North American assets and operations of Proliance International and renamed the combined operations Vista-Pro Automotive.
 
Vista-Pro combines Centrum, a leading North American designer, manufacturer and distributor of aftermarket climate control products such as radiators, condensers and air conditioning products, remanufactured starters and alternators, hydraulic steering systems, rack and pinion systems and power steering pumps, with the North American operations of Proliance, a leading manufacturer and distributor of aftermarket heat transfer and temperature control products for automotive and heavy-duty applications.

Vista-Pro’s product offering and family of brands will include Proliance’s well-known, patented products including: Ready-Rad radiators, Ready-Aire condensers and Ready-Aire heater cores.

Vista-Pro’s full product line will be manufactured in two world-class facilities in North America, which the company says will ensure rapid response to customer demand, fast delivery times and a higher quality product. Vista-Pro Automotive’s North American manufacturing facilities will increase the reliability and quality of its offerings through integrated engineering, distribution and manufacturing, and enhanced manufacturing capabilities.

Equity funding for the formation of Vista-Pro and the acquisition of the assets of Proliance was provided by Wynnchurch Capital, a Chicago-based private-equity firm, Roger Brown, the CEO of Vista-Pro, and John McClinden, a Chicago-based investor. Debt financing was provided by The PrivateBank.

“Our entire team is extremely excited about the creation of this new company, which will provide OE-quality and best-in-class product support and service to our customers,” said CEO Brown. “By joining forces as one, Vista-Pro Automotive will become a market leader in product offerings, reliability, response and technical and product support. We took the Vista from Visteon Aftermarket and the Pro from Proliance and created Vista-Pro Automotive. It represents a combination of the best of both companies to provide world class value to our customers.”

Terry Theodore, partner for Wynnchurch Capital, added, “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. We are confident that Vista-Pro will establish a new level of service and support for its customers. We’re pleased to be part of this alliance.”

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.