Court Square Capital Owns 90% Of Delco Remy
Court Square Capital, a unit of Citigroup, announced that it has completed its buy of approximately $247 million in Delco Remy International shares that it had not previously owned. With the completion of this offer, Court Square Capital now owns about 90 percent of Delco Remy common stock. DRI Acquisition LLC, a subsidiary of Court
Cv Shaft & Rack Review 1999: The Numbers Speak For Themselves
The numbers speak for themselves. The annual replacement market for front-wheel drive axle shafts, all-wheel drive axle shafts and four-wheel drive shafts is estimated to be around 12 million units a year and growing with total sales in excess of $450 million. Within five years, the number of shafts being replaced is predicted to grow
In Pursuit of Quality: Tom Vecchi, Engine Supply, Inc. incoming PERA president
Tom Vecchi, president of Engine Supply, Inc.,Phoenix, AZ, and incoming president of the Production Engine RemanufacturersAssociation (PERA) hasn’t spent his entire business life in theengine rebuilding market. However, since acquiring Engine Supplyin 1988 with his brother-in-law, Len Joy, who is chairman of theboard, he’s learned enough to know that rebuilding engines isnot an easy way
1998 Market Update – CV Shafts
One of the biggest issues still facing rebuilders is the controversyover the pros and cons of grinding CV joints. Though many CV unitrebuilders will tell you it’s getting harder to remain competitiveunless you grind, nobody grinds unnecessarily in this tight marketbecause of the costs of machine work and labor. Craig Russell of Drive Plus, Inc.,
1998 Market Update – Cores: The Consolidation Of The Automotive Aftermarket
Core suppliers are watching the consolidation of the automotiveaftermarket with much interest. After all, many businesses intransition are their customers. But while some core suppliersare not as busy as they’d like to be, most don’t blame the consolidationsof large retailers like Auto Zone and Chief for their troubles.Likewise, many don’t believe that the rebuilder mergers
Ideal Supply – “Farming” For Opportunities
As the winner of our fifth annual "MachineShop of the Year" award contest, Ideal Supply Co., Listowel,Ontario, can claim a number of "firsts." It is the firstCanadian recipient of our award and, to our knowledge, it is alsothe first machine shop which has obtained ISO (International StandardsOrganization) 9002 certification. About two hours due east of
Building Horsepower Through Dyno Testing
Pick up a copy of any racing-oriented automotive publication andas you thumb through its pages you’ll notice a smorgasbord ofads from engine builders. Most of them will have an assortmentof horsepower figures large enough to rival the national debt. Of course, all the numbers are suspect because, in most cases,they were obtained on the advertisers’
Power Steering Pumps and Gearboxes
In today’s increasingly competitive marketplacethe quest for additional profits is of paramount importance notonly for continued growth and success, but for the survival ofthe company itself. This is particularly true for undercarriagespecialists such as CV axle and rack-and-pinion rebuilders. Niche market diversification can accomplisheconomic and strategic objectives that will not only improve the"profitable" cash flow
Power Investments, Inc.: Building An Empire In The Rebuilding Industry
Mike Jarvis, 53, president of Power Investments,Inc., is quietly building an empire in the rebuilding industry.If you want proof, just take a look at his frequent flyer miles(he’s averaged about 2,500 business miles per week over the pastfour years), and the fact that company growth has averaged between12-18% per year, mostly through acquisitions, since 1983.
Eis Brake Parts: Consists Of Five Separate Remanufacturing Facilities In The U.S. And Canada
EIS Brake Parts has come a long way since it began as a manufacturer of hydraulic brake hose couplings back in the early 1930s. Today the company, which became a division of Standard Motor Products in 1986, consists of five separate remanufacturing facilities in the U.S. and Canada. The facilities are located in Berlin, CT;