New York-based MidOcean Partners has acquired Arnott Industries, a global leader in air suspension systems and components for the automotive aftermarket. The financial details of the transaction were not disclosed.
Founded in 1989, Arnott has become a trusted name in engineering and manufacturing aftermarket air suspension products offering over 800 OE-quality or better replacement parts, Arnott covers approximately 90% of air-equipped vehicles in operation. The company serves a diverse customer base that includes wholesale distributors, retailers, e-commerce platforms, and installers, with operations in both the U.S. and Europe.
According to the business wire press release, Arnott sits as the No. 1 air suspension replacement brand. MidOcean plans to leverage its extensive automotive aftermarket expertise to support Arnott’s ambitious growth strategies through organic expansion and targeted mergers and acquisitions.
“Arnott has established itself as a pioneer in air and emerging suspension technologies,” said Daniel Penn, Managing Director at MidOcean. “With MidOcean’s deep expertise in the auto aftermarket, we see tremendous opportunities to further enhance Arnott’s leadership position and drive growth. We look forward to partnering with Joe Santangelo and his team to build on their impressive achievements.”
Arnott CEO Joe Santangelo expressed enthusiasm for the partnership, stating, “MidOcean’s unique combination of investment and operational expertise in the auto aftermarket makes them the ideal partner for our next growth phase. We’re excited to collaborate with their experienced team and leverage their insights to continue innovating for our customers.”
With Cloyes, FullSpeed Automotive, and Holley Inc., this is MidOcean’s fourth major investment in the auto aftermarket sector in five years.
