With nearly 700 franchisee owned and operated locations, AAMCO and Cottman Transmission are the No. 1 and No. 2 transmission repair retail chains in North America, respectively, operating in 47 states and three provinces.
“This partnership is a key element of our five-year strategic plan to build on the strong foundation of both the AAMCO and Cottman companies,” said Brett Ponton, CEO of ADS. “Transom’s deep experience in distributed stakeholder business models, its aggressive focus on performance and its proven ability to work with management teams were the key reasons in our selection of them as our partner for our next phase.”
“With its current leadership and its network of franchisees we believe that ADS is very well positioned to capitalize on its strategic plan and achieve its future growth objectives,” said Ty Schultz, managing partner at Transom. “Furthermore, we believe there is significant opportunity to build value at ADS and in the automotive aftermarket industry overall through improved positioning and strengthening of the AAMCO and Cottman brands.”
Buy-side advisors to the transaction included Schwartz Advisors, O’Melveny & Myers as M&A counsel and Greenberg Traurig as debt counsel. Prudential Capital provided financing for the transaction and Rothschild, served as sell-side M&A advisory.
Soaking in the knowledge of a well-written book is one of my favorite things to do. In 2016, I read 35 non-fiction books. As a way to justify my addiction, I have assembled five of the best tips for leasing... read more
The FASB had its first meeting on Leases Topic 842 implementation issues at the end of November. The FASB staff has been receiving questions from many parties and they teed up four issues for the board to discuss. Three of... read more