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You are here: Home / News / Genstar Capital Acquires Majority Stake in OEConnection

Genstar Capital Acquires Majority Stake in OEConnection

August 2, 2019 By CollisionWeek Editor

OEConnection LLC (OEC) Providence Equity Partners L.L.C. and Genstar Capital, announced an agreement for Genstar to acquire a majority stake in OEC from funds advised by Providence. As part of the transaction, current investors Ford Motor Company and General Motors will each retain their minority investments in the Company. Financial terms of the transaction were not disclosed.

OEConnection logoOEC was founded in 2000 as a partnership between several original equipment manufacturers (OEMs), including Ford and General Motors, to provide technology solutions to facilitate the sale of OEM replacement parts between automakers and franchised dealers and their wholesale customers. Today, OEC serves

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Filed Under: News Tagged With: Acquisitions, Ford Motor Company, General Motors, Genstar Capital, OEConnection, Private Equity, Providence Equity Partners

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