Arrowhead Electrical buys the C&E companies

Arrowhead Electrical Products, which is backed by the Riverside Company, has acquired the C&E companies. Financial terms weren’t announced. Urbandale, Iowa-based C&E makes and distributes aftermarket and OEM engine components, primarily for the power sports industry. Ares Capital Corp and Varagon Capital Partners LP led financing. Jones Day and Deloitte advised Riverside on the investment. Financial Advisory Partners LLC was C&E’s investment banker for the transaction.

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