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ATC Drivetrain Acquires International Remanufacturing Leader

Acquisition of ATP Marks Step Towards Creating a Global Remanufacturing Enterprise

First Acquisition for ATC Drivetrain Under Ownership of Crestview Partners

OKLAHOMA CITY, OKLAHOMA – May 9, 2019 – ATC Drivetrain (“ATC”), a leading independent remanufacturer of automotive drivetrain components headquartered in Oklahoma City, Oklahoma, announced today that is has acquired ATP Automotive Transmission Remanufacturing Specialists Limited, A.T.P. Electronic Developments Limited and ATP Holdings USA, LLC (collectively “ATP”) from ATP’s founder Alan Smart. Financial terms of the transaction were not disclosed.

Founded in 1969, ATP is a Cannock, United Kingdom-based leading European independent remanufacturer of automatic transmissions, including torque converters and automated manual transmissions, electronics and mechatronics, as well as a manufacturer of diagnostics systems and providing associated services. ATP’s client base includes various European and global OEMs, and suppliers in Europe and North America.

ATP Founder Alan Smart said, “April 2019 marks ATP’s 50th year in business and I felt it was an appropriate time to secure the next phase of ATP’s continued growth. The exciting combination of ATC and ATP will allow for ATP to increase the ways in which we can serve our customers and secures the future of ATP’s employees, many of whom have over 30 years of service. I am confident that ATC is the right permanent home for my life’s work and will continue to flourish under the leadership of ATC CEO Greg Heald and the rest of the ATC leadership team.”

Greg Heald, ATC’s President and CEO and member of its board of directors, said, “The teams at ATC and our private equity sponsor Crestview Partners have a great deal of respect for Alan Smart and for the decades of hard work he has committed to building ATP as its founder and chairman. Mr. Smart’s vision has driven the growth and evolution of ATP from its beginning 50 years ago to its position today as a leader in the remanufacturing industry.”

Mr. Heald continued, “We are excited to bring together these two companies which not only complement each other in the areas of technology, footprint and customer base, but also share common core values focused on providing market leading service to our customers, team members and shareholders.”

Alex Rose, Partner and Co-Head of Industrials at Crestview Partners, said, “Since our acquisition of ATC in February 2018, ATC’s leadership team and board have been focused on pursuing global expansion and technology diversification in support of ATC’s customers’ needs. The combination of ATC and ATP creates a company with over 130 years of global automotive remanufacturing experience which will expand ATC’s ability to provide products and service to the company’s growing customer base around the world.”

About ATC Drivetrain:
ATC Drivetrain is an Oklahoma City, Oklahoma-based remanufacturer of transmissions and engines and related components for light-, medium- and heavy-duty vehicles. The company’s services include process and salvage engineering, warranty root cause analysis and testing, machining for repair and salvage of components, as well as recycling of non-reclaimable material. ATC Drivetrain serves automotive original equipment manufacturers for both in-warranty and out of warranty products and services throughout the United States. For more information, please visit www.atcdrivetrain.com.

About ATP:
ATP is a Cannock, England headquartered remanufacturer of powertrain and electronic products for both OEM and aftermarket sectors. ATP is the winner of the prestigious 2016 Queen’s Award for Enterprise in the innovation category. The company’s products and services include remanufacturing automatic transmissions, including torque converters and automated manual transmissions, electronics and mechatronics, as well as manufacturing diagnostics systems and providing associated services. For more information, please visit www.atp-group.com.

About Crestview Partners:
Founded in 2004, Crestview is a value-oriented private equity firm focused on the middle market. The firm is based in New York and manages funds with approximately $9 billion of aggregate capital commitments. The firm is led by a group of partners who have complementary experience and distinguished backgrounds in private equity, finance, operations and management. Crestview has senior investment professionals focused on sourcing and managing investments in each of the specialty areas of the firm: industrials, media, energy and financial services. For more information, please visit www.crestview.com.

PTM Electronics, Inc., will exhibit during the NA Testing Expo in Novi, Michigan

PTM will occupy Booth #14017 and we welcome all interested parties to review technical presentations of universal testing disciplines within the EPS, ECM/PCM , IPC, & Powertrain Actuaters environments. If you would like to schedule a VIP demonstration of our Test System technology please contact us at info@ptmelec.com.

Event website: Automotive Testing Expo 2016

PTM Electronics and parent company ATP Group call for OEM and Tiered Supply Chain Electric Power Steering (EPS) Tester Technical Requirements

PTM and ATP have entered into a joint development to create the second generation of the PTM 125eps Test System for EPS. All industry stakeholders are invited to discuss their EPS testing technical requirements for possible integration within our Gen II test system. Please provide your contact information and desire to contribute to info@ptmelec.com for consideration.

PTM News Archive

1978-1985

  • PTM Formed as Production Test Machines
  • PTM designs and builds 100’s of different “slope box” test systems for Electronic Clusters – used in Manufacturing Test and Warranty Reman

1985

  • PTM Introduces a Universal Cluster Test System –the PTM 356
  • GM Introduces its first Digital Cluster for the 1985 Corvette

1986-1997

  • Over 180 families of Clusters supported spanning 12 model years and all GM Car Lines.
    1997
  • PTM Introduces 2nd Generation 540 Universal Cluster Test System*

1998-2000

  • HVAC ECU Tester delivered
  • Body Computer Module Tester delivered

2000-2005

  • ABS Module Tester delivered
  • Airbag Actuator Tester delivered
  • Infotainment Module Tester delivered

2007-2009

  • 820 Architecture Platform Created based on Lessons Learned
  • PTM releases customized 540 to support GM T800 Cluster recall
  • PTM Vision Systems launched

2010

  • ATP Industries Group Acquires PTM Electronics 2011
  • PTM Delivers 820e ECM Test System

2012

  • PTM Electronics delivers the Performance Data Recorder

2013-2014

  • PTM releases the PTM 125eps Universal Power Steering Test System
  • PTM releases Multi-Channel High Current Fuse Test System

2015

  • PTM commissioned to design and develop the 845dis Distributer and Distributor Test System
  • PTM commissioned to design and develop an enhanced multiplexed high current fuse test system