NORTON SHORES — Automotive aftermarket components producer AGS Firm Automotive Options LLC continues to construct out its portfolio of merchandise with a deal for BrakeQuip LLC.
Primarily based in Alcoa, Tenn., BrakeQuip gives merchandise that enable customers to make their very own automotive tubes and hoses for brakes, clutches and energy steering techniques. The corporate’s merchandise enable customers to construct and crimp each rubber and chrome steel hoses.
BrakeQuip additionally provides a variety of specialty fittings and instruments for brake technicians.
For AGS, the addition of BrakeQuip matches with its technique of constructing a “complete vary of the very best high quality product choices revolving round our core aftermarket classes,” CEO Logan Pitts mentioned in an announcement. The most recent addition additionally provides unique gear and high-performance clients, new engineering capabilities and new product traces, Pitts added.
The deal marks the second acquisition this yr for Norton Shores-based AGS Co., a portfolio firm of Pittsburgh, Pa.-based non-public fairness agency 3 Rivers Capital since 2016. The corporate beforehand acquired Gilroy, Calif.-based Motive Merchandise, the maker of the Energy Bleeder line of kit for brake repairs, and has a number of further offers within the pipeline for 2022, based on an announcement.
3 Rivers Capital Managing Companion Rob Carskadden mentioned the newest deal for BrakeQuip “displays AGS Automotive Options’ ongoing technique of including industry-recognized aftermarket manufacturers that additional the corporate’s rising multi-channel distribution capabilities.”
Phrases of the deal weren’t disclosed.
AGS was based in 1931 as American Grease Stick Co. and was acquired in 2016 by 3 Rivers Capital. The corporate is likely one of the largest producers and distributors of brake, gasoline and transmission traces for the U.S. automotive aftermarket {industry} serving skilled mechanics and do-it-yourself clients.