RECENT RELEASES
APC Automotive Technologies-
Business
APC Automotive Technologies (“APC”) was a leading supplier of automotive, light truck and heavy duty replacement parts offering emissions products under the AP®, ANSA®, Cherry Bomb®, TruckEx®, Xlerator®, and Silverline® brands, and brake and chassis components under the Centric®, C-Tek®, Posi Quiet®, Fleet Performance, and StopTech® brands. With an unparalleled level of research and development in North America and an exceptional depth and breadth of products across makes and models, APC led the industry in emission, brake, and, chassis technology innovation, brand reputation, cataloging, and part availability.
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Harvest Partners Investment
In May 2017, Harvest completed a new equity investment to facilitate the combination of AP Emissions Technologies and Centric Parts, while Audax and management retained a significant ownership stake in APC. To fund the acquisition, Harvest provided equity capital and arranged the debt financing.
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Investment Thesis
- Market Leader in a Large, Recession Resistant, and Growing Market
- Solid Margins, Stable Customer Base, and Strong Free Cash Flow Profile
- M&A Platform with Strong Pipeline of Acquisition Candidates
- Experienced Management Team
