Reported 26 days ago
Genstar Capital is reportedly exploring the sale of OEConnection, an automotive software provider valued at up to $5 billion, including debt. The firm has engaged investment bankers at Evercore for the sale process, expected to commence later this year. Established in 2000 and backed by Ford and General Motors, OEConnection facilitates the sale of replacement parts, generating $200 million in EBITDA and $400 million in revenue annually.
Source: YAHOO