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.
Outbound prospecting is a key ingredient for the origination of equipment finance volume. Conversely, the No. 1 reason leasing sales people fail is because they don’t originate enough new business. It seems like an easy problem to solve. More targeted... read more
You have to give capital markets executives a lot of credit. Year after year, they face the same obstacles — tight margins, stiff competition and lack of supply — yet somehow they manage to meet and exceed budget requirements. As... read more