Torque Capital's BPI to acquire OE Quality Friction
U.S.-based Brake Parts Inc LLC (BPI) has agreed to buy OE Quality Friction Inc, a Canadian maker of original equipment quality disc brake pads for the automotive aftermarket. BPI said it entered into an an asset purchase agreement with the Mississauga, Ontario-based company's receiver on January 20. The deal, the financial terms of which were not disclosed, is expected to close this month. A brake system products manufacturer and supplier, BPI was bought in 2013 by a group of investors led by U.S. private equity firm Torque Capital Group. OE Quality Friction is a portfolio company of U.S. private equity firm Huron Capital Partners.
23 January 2015•2 mins read
