Dechert Advises Aurora Parts & Accessories in its Sale of a Majority Stake to Ridgemont Equity Partners
July 14, 2011
Dechert News Release
Ridgemont Equity Partners, a middle market buyout and growth equity firm, today announced the closing of a majority equity investment in Aurora Parts & Accessories, LLC, a leading distributor of aftermarket and replacement semi-trailer parts and accessories based outside Indianapolis, IN. The financial terms of the transaction were not disclosed.
Aurora operates from an approximately 300,000 square foot distribution center as a supplier of semi-trailer body parts, truck body and container/chassis parts to a network of independently owned trailer dealerships. Aurora is the exclusive supplier for Wabash National, Fruehauf and Lufkin Trailer. Aurora also has strategic distribution agreements with Hyundai and Kentucky Trailer.
The Dechert team advising Aurora was led by corporate partner Carmen J. Romano and included Jeremy L. Hsu, Susan K. Kilgore and Michael T. Fischette.