Located in Livermore, Calif., Fabco produces a broad range of steer drive axles, transfer cases, split shaft PTOs and other specialty products for the commercial severe-duty industry, Accuride says.
“Throughout its history, Fabco has consistently engineered and brought to market innovative solution-providing products, establishing it as a well-respected brand name in the heavy-duty commercial vehicle industry,” says Rick Dauch, Accuride President and CEO.
“Wynnchurch is excited to have an opportunity to invest in Fabco and provide capital to support the continued growth of the business. We believe Fabco is an exceptional supplier of heavy duty, all-wheel drive components to the severe-duty vehicle industry. We look forward to working with Al Sunderland, the president of Fabco, along with the rest of the Fabco team, to implement a growth strategy that will provide comprehensive and responsive solutions for all customers,” says Terry Theodore, partner of Wynnchurch.
Guy Boitos, partner at Stone River Capital, adds, “We are pleased to partner with Wynnchurch in the acquisition of Fabco and look forward to building on the company’s long and accomplished history of being a preferential supplier to the commercial vehicle marketplace.”
“Today’s action is a win-win for all parties involved and advances Accuride’s strategic focus on our core wheel-end systems business,” Dauch adds. “We intend to apply proceeds from the sale of Fabco to enhance our operational improvement initiatives and global growth plans.”
