FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
 
Skip Navigation LinksHome / News / Read News

Print

GE Capital Provides Financing in AAMP ’s Acquisition of Armour Automotive

April 01, 2014, 07:07 AM
Filed Under: Distribution

AAMP of America, a portfolio company of Audax Private Equity, announced it has completed the acquisition of Armour Automotive Ltd. from Armour Group Plc, a leading consumer electronics group within the home and in-car communication and entertainment markets. Headquartered in Hampshire UK, Armour Automotive is a leading designer and distributor of branded connectivity and audio solutions for the in-vehicle entertainment and communication markets. Armour Automotive products are sold to OEMs, installers and retailers in the automotive, agricultural, leisure and commercial end markets, through its market-leading brands. AAMP, headquartered in Clearwater, FL, is a global supplier of a broad spectrum of car audio integration technologies as well as aftermarket audio accessories and mobile audio/video components. AAMP sells to over 2,500 active customers including independent installers, mass retailers and OEMs, through its PAC, Stinger and Phoenix Gold brands, among others.

GE Capital provided financing to support the transaction.

This is AAMP’s sixth add-on acquisition since Audax’ initial acquisition of AAMP in November 2006.

DWF LLP served as counsel to AAMP and Arnold & Porter (UK) LLP served as counsel to Armour Group Plc.

Audax Group, founded in 1999, is a leading investor in lower-middle market companies. With offices in Boston and New York, Audax has over $5 billion in assets under management in its Private Equity, Mezzanine, and Senior Debt businesses.





Week's News



Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.