Quadrant Private Equity has signed an agreement to acquire Burson Auto Parts (Burson) from its co-founder, now majority shareholder and Managing Director Garry Johnson and other shareholders for a price of $148 million. Garry Johnson and existing senior management will retain a stake in the business. Darryl Abotomey will join Burson as its new CEO and will also invest in the business. Darryl has a strong background in the automotive industry having worked with the Exego/Repco group for four years.
For further information please see Media Announcement.
Writen by Global Administrator, 14/03/2016 News