PE Firm Purchases Canadian Automotive Supplier For $512M

Law360, Washington (October 11, 2013, 6:59 PM EDT) -- Private equity firm Crestview Partners has agreed to purchase automotive equipment supplier Stackpole International for a reported $512 million, according to reports on Friday.

The companies declined to disclose the financial details of the deal in their announcements on Friday, but CNN reported the deal was valued at $512 million.

Ontario-based Stackpole manufactures and supplies highly engineered oil pumps and powdered metal components for automotive original equipment manufacturers, an industry that has rapidly grown over the last two years, according to Stackpole's previous owner The Sterling...
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