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Transtar Holding Company Announces Sale to Blue Point Capital Partners
January 22, 2021 GMT
CLEVELAND (BUSINESS WIRE) Jan 22, 2021
Transtar Holding Company, a portfolio of industry-leading automotive aftermarket and original equipment (OE) businesses with a focus on high-quality products and unmatched customer service, announced the sale of majority ownership to local private equity firm Blue Point Capital Partners. Headquartered in Cleveland, Blue Point has a 20-year history of partnering with leading businesses to accelerate growth.
After returning to the business in 2017, Transtar Founder and Executive Chairman Monte Ahuja, and Chief Executive Officer Neil Sethi, worked alongside the Company’s executive leadership team to successfully stabilize operations, make significant foundational changes, and implement overall process improvements. Today, Transtar is well-positioned for grow