Cloyes Gear and Products Acquired by MidOcean Partners | Manufacturing M&A Deal

MidOcean Partners has completed the acquisition of Cloyes Gear and Products, a industrial equipment business in the United States, for $300m. Cloyes Gear and Products manufactures automotive components and gear-related products used in vehicle drivetrains, supporting demand from original equipment and aftermarket customers. MidOcean Partners acquisitions in manufacturing M&A focus on building durable industrial equipment platforms through private equity acquisition of operating businesses in the Midwest. The deal is structured as a platform acquisition via a single-asset continuation vehicle, with MidOcean Partners as a private equity sponsor pursuing a manufacturing M&A strategy.