Marli Manufacturing, Inc. acquired by Auveco Products, a portfolio company of Tenex Capital Management
Marli Manufacturing, Inc. (“Marli” or the “Company”) was acquired by Auveco Products, a portfolio company of Tenex Capital Management. EdgePoint Capital (“EdgePoint”) served as the exclusive financial advisor Marli. Terms of the transaction were not disclosed.
Headquartered in Binghamton, NY, Marli is a provider of automotive aftermarket mechanical components, including engine head bolts, intake manifold bolts, oil drain plugs, oil drain gaskets and other specialty fasteners and fittings. Marli has grown to become an industry-leading source of more than 1,000+ aftermarket components to distributors, engine remanufacturers and quick lube networks across the United States.
Auveco Products, headquartered in Cold Springs, KY, is a leading provider of automotive fasteners in the body hardware aftermarket as well as general industrial fasteners used in maintenance, repair, and operations applications within North America. Headquartered in New York, NY, Tenex Capital Management is a private equity firm that invests in middle-market companies.
EdgePoint is a leading investment banking firm focused on providing middle market business owners with merger and acquisition advisory services.