Source: MAVAL Industries announcement
TWINSBURG, Ohio – MAVAL Industries, LLC announced its successful acquisition of Ascent Tranz Group, LLC, an industry leader in commercial vehicle service parts for air disc brake calipers, pads, rotors and brake chambers.
Ascent Tranz has a reputation for providing A-LINE® branded engineered solutions to warehouse distributors and commercial vehicle fleets throughout North America.
John Kelvin will become President of the newly named company ACR Holdings and will be supported by the current team.
“We spent five years developing the A-LINE® brand known for quality and solutions in the air disc industry,” said Kelvin. “We are excited to partner with the experience of MAVAL Industries, LLC and Torque capital Group who will provide the resources to strengthen our current relationships and accelerate our organic growth rate.”
Craig Stark, President, MAVAL Industries, said, “ATG’s recognized brand, reputation, and suite of intellectual property is an excellent fit to invest in hyper growth markets such as the air disc brake service parts aftermarket. Our operational prowess, extensive remanufacturing experience and global sourcing relationships will provide the new ACR Holdings with enhanced resources and strategic guidance through its next stage of development and growth.”
About ACR Holdings, LLC
ACR Holdings, LLC is a commercial vehicle aftermarket supplier of air disc braking components including its A-LINE® brand of air disc pads, rotors, chambers and calipers emphasizing proprietary innovations and solutions to air disc braking challenges. Its patented CL-20 solution for air disc calipers is the industry’s only solution that provides continuous lubrication to air disc calipers. With caliper remanufacturing facilities in Cambridge, Ont., ACR is a leading supplier of remanufactured air disc calipers to the North American market.
About MAVAL Industries, LLC
MAVAL Industries, LLC is an automotive aftermarket remanufacturing company focused on power steering systems for passenger cars and light trucks. MAVAL is owned by Torque Capital Group, a middle market private investor group that takes an operational approach to investing in businesses at a critical inflection point. Torque deploys patient capital behind North American based manufacturing, niche / enthusiast based branded products, and supply chain service companies, with a particular expertise in transportation markets.