AGS Automotive Solutions, a 3 Rivers Capital (3RC) portfolio company, finalized the acquisition of BrakeQuip LLC, manufacturer of DIY systems for tubes and hoses. The deal was announced by Rob Carskadden, managing partner, 3 Rivers Capital, and Logan Pitts, CEO of AGS. The acquisition of BrakeQuip is the second of multiple acquisitions 3RC and AGS plan to complete by the end of 2022, the companies say.
The announcement comes less than 40 days since closing its purchase of Motive Products.
“The addition of BrakeQuip underscores AGS’ continuing commitment to serve all channels of distribution with a comprehensive range of the highest-quality product offerings revolving around our core aftermarket categories. BrakeQuip, together with recently acquired Motive Products and our established brake, fuel and transmission product lines, further solidifies AGS’ ranking as a global source of best-in-class aftermarket auto parts and systems, while also adding Original Equipment and High-Performance customers , engineering capabilities and new product expertise,” said Pitts.
“The latest example of world-class innovators to join the AGS roster, BrakeQuip reflects AGS Automotive Solutions’ ongoing strategy of adding industry-recognized aftermarket brands that further the company’s growing multi-channel distribution capabilities,” said Carskaddan.