June 2, 2015
Cascadia Capital today announced that it served as the exclusive advisor to Rosen Electronics, on its sale to AAMP, a leading manufacturer of automotive audio, video and connectivity products and a portfolio company of Audax Private Equity. Rosen Electronics is a pioneering manufacturer of automotive electronics, including rear seat entertainment, in-dash multimedia systems and a full range of safety products.
Cascadia Capital’s representation of Rosen Electronics marks the fourth deal in the firm’s Automotive Aftermarket practice, which also includes: Grease Monkey, Bully Dog and Western Peterbilt. Rosen Electronics is a long-time Specialty Equipment Market Association (SEMA) member and chose fellow SEMA member Cascadia Capital for its extensive experience in the industry.
“The automotive aftermarket is a $4 billion industry largely driven by consumer upgrades,” said Paul Louie, Managing Director of the Automotive Aftermarket practice at Cascadia Capital. “As this sector continues to grow, we will see a wide range of opportunities within performance, parts, accessories, electronics, service chains and dealerships. Many companies will look to diversify their offerings and will grow through acquisition. This is not limited to any specific sector. We will experience increased consolidation across the board through the next 12-18 months.”
“Paul Louie and the team at Cascadia Capital were the best partners for us because of their depth of experience and strong relationships in this space,” said Tom Clements, CEO at Rosen Electronics. “These transactions take a great deal of sector expertise and we felt that Cascadia Capital was with us every step of the way.”
Please contact the deal team for more information:
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