Engine & Transmission Exchange, Inc. (ETE or ETE REMAN) has announced a new partnership agreement with Gauge Capital of Southlake, Texas to recapitalize the company.
“We are excited to partner with Gauge and for the resources they add to ETE REMAN. Gauge’s investment in the business will allow us to accelerate our growth and further invest in our remanufacturing, product development, product quality, and human capital,” said CEO Noah Rickun. “The Gauge team understands ETE’s vision for the future and embraces our commitment to ‘Build transmissions that last a lifetime…and relationships that last forever.’”
James Jackson, Partner at Gauge Capital, added, “We couldn’t be happier to partner with ETE REMAN and to work alongside Noah and his team to realize our shared vision for the future of the Company. ETE’s consistent focus on quality, dependability, and the importance of relationships helped them create an amazing business. We look forward to maintaining those key values while providing additional resources to further accelerate their growth.”
As part of the partnership agreement, Noah Rickun and Sam Loshak will be joined by James Jackson and Kevin Rafferty from Gauge Capital on the Company’s Board of Directors.
