On October 30, 2023, Cloyes Gear & Products, Inc. ("Cloyes"), the global leader in mission-critical timing drive systems for the automotive aftermarket, acquired Rotomaster, a prominent turbocharger and component specialist. The transaction value was undisclosed.

Rotomaster, established in 1978, boasts a diverse portfolio of assemblies, components, and service kits for diesel and gas applications. Both companies' extensive experience as Tier One aftermarket suppliers is expected to drive growth and expansion.

Cloyes President and CEO John Hanighen highlighted that the acquisition aligns with Cloyes' long-term goals and enhances operational efficiencies for customers. This move aims to expand Cloyes’ market presence and deliver superior products and services.

Cloyes, known for quality and innovation, will now broaden its application-specific solutions with Rotomaster’s expertise. Rotomaster’s coverage of over 75% of addressable vehicles-in-operation (VIO) will further expand Cloyes’ customer base.

Rotomaster General Manager Garret Wiebe expressed enthusiasm about the partnership, emphasizing the alignment of high-quality product portfolios and a commitment to exceptional customer service and operational excellence.

Cloyes will present more details about the acquisition at the AAPEX event in Las Vegas from October 31st to November 2nd, 2023, at booth #A4035.

BMO Capital Markets served as Rotomaster’s exclusive financial advisor, while King & Spalding provided legal counsel. Osler advised Cloyes.