RedNest, Admiral buy military vehicle repair business Tecmotiv

U.S. private investment firms RedNest Partners and Admiral Capital Group have acquired Tecmotiv Corp, a Concord, Ontario- and Niagara Falls, New York-based supplier of services and components to the military automotive industry. No financials terms were disclosed. Established in 1992 after acquiring the assets of its predecessor, Levy Auto Parts, Tecmotiv provides maintenance, repair, overhaul and upgrade services and related components for military vehicles. Its customers include the U.S. army and other defence forces worldwide. Gary Sheedy, Tecmotiv's new president and CEO, said the partnership with RedNest and Admiral will support new growth opportunities.

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