Gabriel announces ownership change

News Jason Cannon December 21, 2012

The Original Gabriel announced this week a change its ownership from OpenGate Capital, LLC to MAT Holdings, Inc., has been finalized.

MAT Holdings, Inc., a global manufacturer and distributor of products in the automotive, hardware, and power equipment sectors, has reached a definitive agreement with Auto Rider, LLC to purchase 100 percent of Gabriel parent company Ride Control, LLC.

“We are energized by the future potential for growth and expansion as we look forward to a long and mutually beneficial relationship with MAT Holdings, Inc.” said Lisa Bahash, President of Ride Control, LLC.

Ride Control had been a portfolio company of OpenGate Capital, LLC, a private investment and acquisition firm headquartered in Los Angeles, California since June 2009.