Mergers & Acquisitions

Mevotech Acquired by TorQuest Partners

5549 Mevotech NT

M&A Engagement Overview

Industry Group: Transportation & Logistics
Areas of Focus: Automotive Suppliers, Parts/Accessories

Harris Williams advised Mevotech, a portfolio company of Penfund, on their sale to TorQuest Partners. Toronto-based Mevotech is a North American leader in the engineering, design, and manufacturing of automotive aftermarket steering and suspension parts.

TorQuest will be a fantastic partner to Mevotech as the company continues their strong growth in current and new addressable markets.

Mevotech drew strong interest due to their industry-leading technology, product capabilities, and customer support. Their in-house engineering expertise drives the company’s reputation for being "first to market" with new, innovative products, and they are recognized for their focus on product quality, durability, and ease of installation for professional technicians. Mevotech has experienced significant growth in excess of the broader market for over a decade.

Investors continue to be interested in the automotive aftermarket due to its stable needs-based demand, market fragmentation, and continued opportunities for outsized (GDP+) growth.

Contact the Harris Williams Transportation & Logistics Group to learn more about this engagement.