American Muscle Cars Australia
Club News => CMC & Industry News => Topic started by: ozpont on January 31, 2007, 10:03:58 AM
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(Ed: Interesting side note to this is the World movement to "equity managed" buy outs.. seems to be the relatively new business structure.. the "managers" assured of a piece of the action not matter what.. .. IE: Qantas/MacQuarie Bank...)
Hurst Unit is Sold
[i[January 29, 2007[/i]
DETROIT -- The company that builds the storied Hurst shifter has been sold.
The Hurst Shifter division of Mr. Gasket Inc. was sold Jan. 17 to private equity firm Dubin Clark & Co. of Greenwich, Conn., which owns B & M Cos. of Chatsworth, Calif. Terms were not disclosed.
Hurst dominated manual transmission shifters in the aftermarket performance market, says John Eberhardt Jr., managing director of Coutant Capital Associates LLC, of Skillman, N.J., while B & M dominates the market for automatic transmission shifters. "Now B & M has 90 percent of the shifter
market." Eberhardt represented the sellers.