Centrum Equities, XV, a holding company that had previously acquired select aftermarket assets of Visteon Corporation in 2008, has acquired substantially all of the North American assets and operations of Proliance International Inc., and renamed the combined operations Vista-Pro Automotive.
Centrum makes and distributes aftermarket climate control products such as radiators, condensers and air conditioning products, remanufactured starters and alternators, hydraulic steering systems, rack and pinion systems and power steering pumps. Proliance is a manufacturer and distributor of aftermarket heat transfer and temperature control products for automotive and heavy-duty applications.
Vista-Pro’s product offering and family of brands will include Proliance’s well-known, patented products including:
• ReadyRad® radiators
• ReadyAire® condensers
• ReadyAire® heater cores
Vista-Pro’s full product line will be manufactured in two facilities in North America, ensuring rapid response to customer demand, fast delivery times and a higher quality product, according to a news release.
Equity funding for the formation of Vista-Pro and the acquisition of the assets of Proliance was provided by Wynnchurch Capital, a Chicago-based private-equity firm, Roger Brown, the CEO of Vista Pro, and John McClinden, a Chicago based investor. Debt financing was provided by The PrivateBank.
“Our entire team is extremely excited about the creation of this new company, which will provide OE quality and best-in-class product support and service to our customers," says Brown. "By joining forces as one, Vista-Pro Automotive will become a market leader in product offerings, reliability, response and technical and product support. We took the Vista from Visteon Aftermarket and the Pro from Proliance and created Vista-Pro Automotive. It represents a combination of the best of both companies to provide world class value to our customers.”
Vista-Pro Automotive will operate from its headquarters in Nashville, with a support office in New Haven, Conn., and a distribution center in Sparta, Tenn., Reno, Nev., and Southaven, Miss.
