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News Stories (15 Results) - Automotive

HYPERAMS announced two upcoming online auctions for automotive component manufacturers Dura Automotive Systems and Shiloh Industries will take place in September 2021. The Dura auction, a two-day online event on September 9-10th, is a complete... view press release
September 03, 2021, 08:00 AM

In a September 14 live webcast auction, Machinery Network Auctions and Tiger Group are offering machinery and equipment from the now-shuttered Jefferson plant of global automotive supplier Toledo Molding & Die, Inc.Bidding on the equipment is already... view press release
September 02, 2021, 07:34 AM

Coronavirus-driven reduction in demand, and operational and supply chain disruptions, have resulted in a material uptick in bankruptcies and distress in the U.S. automotive industry, according to a new Fitch Ratings report. "Over the long term... view press release
January 11, 2021, 07:30 AM

AlixPartners, the global consulting firm, announced that automotive and industrial strategy and transformation expert John Loehr has joined as a Managing Director in the firm’s global Automotive and Industrial practice. He will work from... view press release
February 12, 2019, 09:01 AM

An Ohio based automotive stamper was looking for a new lender that understood their industry and was interested in their future plans for the business.  mBank senior management personally visited the client at their plant and reviewed their plans and... view press release
October 25, 2018, 09:00 AM

CARDONE Industries has announced a recapitalization of its current credit facilities with Citizens Bank and Brookfield Asset Management. The recapitalization will allow CARDONE to continue to expand its remanufacturing and innovation capabilities, as... view press release
October 24, 2018, 08:00 AM

MidCap Financial announced it has provided a $40 million senior credit facility to Camaco, LLC, a supplier of seating structures and related components for the automotive industry. The MidCap credit facility refinanced the company’s prior credit... view press release
July 25, 2018, 08:00 AM

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July 12, 2018, 08:00 AM

Heartland Automotive Services, Inc., a portfolio company of Sun Capital Partners and the largest operator of Jiffy Lube service centers, has been acquired by Wynnchurch Capital, LLC. FocalPoint Partners, LLC served as financial advisor to the Company... view press release
March 26, 2018, 08:00 AM

Santander Bank announced its Equipment Finance group closed a $72.25 million equipment line of credit with Android Industries LLC in the U.S. Android will use the financing to further expand its operations by refinancing $40 million of its existing... view press release
March 07, 2018, 08:01 AM

Great American Group, a provider of advisory and valuation services, asset disposition and auction solutions and a wholly-owned subsidiary of B. Riley Financial, Inc., announced that Gordon Heidacker joined GA’s Appraisals division as Managing... view press release
August 09, 2017, 08:00 AM

Trade Finance Solutions (TFS) announced that it will fund a U.S.-based company that provides financing and logistical support to businesses in the luxury automobile industry in North America, Europe, Mexico and China. The high-growth business... view press release
August 03, 2017, 07:00 AM

ExWorks Capital provided $2 million in financing to an aftermarket automotive products manufacturer based in Baltimore, Maryland. The company manufactures and distributes sealants, flushes, fluids, coolants, and more with its products found in over... view press release
March 27, 2017, 07:00 AM

Chrysler Group LLC announced that it has taken advantage of market conditions and its improved credit profile to reduce the interest rate for its $2.9 billion term loan and its undrawn $1.3 billion revolving credit facility. In addition, certain loan... view press release
June 24, 2013, 08:02 AM

First Capital provided a $13.5 million asset-based senior credit facility to a distributor of automotive accessories.  The senior credit facility is collateralized by accounts receivable and inventory. First Capital was selected as the working... view press release
March 04, 2013, 07:56 AM