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Trive Capital (“Trive”), the Dallas-based private equity firm, is proud to announce its partnership with AGM Automotive, Inc. (“AGM” or “the Company”). Founded in 2001 and headquartered in Troy, Michigan, AGM is a global supplier of interior components and systems to the automotive marketplace.
The Company’s global supply network allows AGM to effectively service global automotive platforms in all major markets, including North America, Europe, Asia, Australia, India, and South America. AGM specializes in providing interior lighting, overhead console systems, textiles, electronics and switches, and other interior assemblies to original equipment manufacturers worldwide.
“We are excited to partner with an organization that is recognized for its product innovation, global supply chain, and talented employee base, as demonstrated by AGM’s recent award as General Motors’ Supplier of the Year. The AGM investment represents Trive’s fifth platform investment and the firm’s third out of Trive Capital Fund I, which closed in July 2013,” said Trive Partner Chris Zugaro.
AGM Partner and co-founder Bob Blinstrub stated, “The AGM management team is looking forward to working with Trive. Trive’s understanding of our business model, willingness to provide operational support, and financial commitment made them the preferred partner to enable AGM to further expand its global footprint and to further enhance our position as a leading Tier I supplier.”
“Alongside Trive, the opportunities at hand for AGM have never been more exciting, particularly at the current inflection point in the auto industry. Trive’s collaborative approach to this partnership augments AGM’s ability to capture additional share of common components across global platforms as well as further penetrate international markets,” remarked, AGM Partner and co-founder Bob Granata.
Trive Vice President Blake Bonner noted, “Trive is excited to add AGM to our existing portfolio and to form a partnership with its employees to capitalize on several tangible near-term opportunities. AGM is aligned with Trive’s comprehensive experience in the auto industry and in partnering with owner-operators looking to further develop their organization.”
About AGM
AGM (www.agmautomotive.com) is a leading global supply partner headquartered in Troy, MI. The Company provides interior components and systems, including interior lighting, overhead console systems, textile flooring sets, and other interior assemblies, such as electronic components and wire harnesses, to the automotive marketplace. AGM offers value-added assembly, warehousing, and in-line vehicle sequencing services through its global network.