Gilde buys Gundlach Automotive Corporation
Gilde Buy Out Partners has acquired a majority stake in German car parts distributor Gundlach Automotive Corporation (GAC) from Dutch investment firm Pon Holdings.
The company's management team has invested alongside Gilde for a minority stake in the business.
Pon backed the consolidation of Reifen Gundlach with PTG Automotive Solutions and Services, RG Automotive Solutions, Euro Tyre and Goodwheel last year. The group now employs 650 people and has operations in six countries.
Gilde plans to accelerate the consolidation strategy and create a leading player in the tyres and wheels distribution market.
Company
GAC is an aftermarket distributor of tyres, rims, completely fitted wheels and related services to car dealerships and wholesalers in Germany, as well as wheel assembly services to car equipment manufacturers across Europe.
The company employs 650 people in Germany, Austria, Hungary, Slovakia, Sweden and the Netherlands.
People
Gilde Buy Out Partners – Rogier Engelsma (partner).
Gundlach Automotive Corporation – Gebhard Jansen (CEO).
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