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OpenGate acquires autoparts provider Gabriel North America

OpenGate Capital, a global private equity firm, is acquiring Gabriel North America, a provider of shock absorbers and strut assemblies, from Fortune 500 company ArvinMeritor.

OpenGate Capital, a global private equity firm, is acquiring Gabriel North America, a provider of shock absorbers and strut assemblies, from Fortune 500 company ArvinMeritor.

Gabriel NA operates in both the aftermarket and original equipment manufacturer segments.

This marks OpenGate’s fourth acquisition in the past six months and its first in the automotive sector.

‘OpenGate is uncovering attractive niche investment opportunities in fragmented and rapidly changing industries,’ says OpenGate’s founder and managing partner Andrew Nikou. ‘By bringing additional expertise and resources to businesses in transition such as Gabriel NA, we maximize brand equity, product technology and customer relationships to produce excellent results for our investors. OpenGate will leverage Gabriel NA’s infrastructure to aggressively pursue other acquisitions in the motor vehicle market.’

Gabriel is a widely recognised brand in the North American automotive and commercial vehicle aftermarket. The company is also a supplier of shocks to North American commercial, industrial and recreational vehicle manufacturers. The management team and OpenGate will work to optimize manufacturing, expand product range, and broaden the range of applications for its products.

Lisa J. Bahash, president of Gabriel NA, says: ‘OpenGate brings valuable resources and ideas to our company. Aligning with such a top-tier private equity firm is a very positive step in Gabriel’s long history. We look forward to working closely with OpenGate to unleash value for Gabriel NA and all of its stakeholders. We agree that the opportunities in the aftermarket segment, which offers many pockets of growth, are especially exciting.’

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