RECENT RELEASESMichael Klein Joins Harvest Partners as Advisor
Former CEO of Armored Auto Group and Murray’s Discount Auto to Identify and Evaluate Investments in Automotive Aftermarket
NEW YORK, NYJune 13, 2016
Harvest Partners, LP (“Harvest”), a New York based private equity investment firm specializing in management buyouts and recapitalizations of middle-market companies, announced the appointment of Michael J.P. Klein as an Advisor. Mr. Klein will support the firm in identifying and evaluating investment opportunities in the automotive aftermarket parts, distribution, services, and retail sectors. Mr. Klein has more than 35 years of experience in the automotive aftermarket, including CEO roles with Armored Auto Group, IDQ Holdings (a manufacturer of automotive A/C products), and Murray’s Discount Auto Stores. He has a history of driving businesses and shareholder value creation through organic growth initiatives and acquisitions. Mr. Klein currently serves as Vice Chairman of the Automotive Aftermarket Industry Association and is slated to become Chairman later this year.
“Michael has an exceptional track record with both family and private equity-owned businesses in the automotive aftermarket, having been the CEO of three companies that generated significant returns for multiple owners. We are pleased to enter into a formal relationship with him,” said Michael DeFlorio, a Senior Managing Director of Harvest Partners. “Given our recent success with Driven Brands, we are enthusiastic about pursuing new opportunities in the automotive aftermarket. We believe Michael’s experience, leadership, and vision make him the ideal partner for us,” added Thomas Arenz, a Senior Managing Director of Harvest Partners.
Mr. Klein commented, “I look forward to leveraging my experience and network towards a new endeavor and I am delighted to be teaming up with Harvest Partners. Harvest has a long history of partnering with executives and management teams to grow and improve middle market businesses and I am thrilled to be an integral part of their automotive aftermarket initiative.”
About Harvest Partners
Founded in 1981, Harvest Partners is a leading New York-based private equity investment firm pursuing management buyouts and recapitalizations of middle market companies in North America. Harvest focuses on acquiring profitable companies in the industrial services, manufacturing and distribution, business services and consumer, and healthcare services sectors. This strategy leverages Harvest Partners’ 35 years of experience in financing organic and acquisition-oriented growth companies. For more information, please visit www.harvestpartners.com.
Owen Blicksilver Public Relations, Inc.