OpenGate Capital to Acquire Gabriel North America Ride Control Business

OpenGate Capital has announced that it will acquire the Gabriel North America ride control business from ArvinMeritor.
Gabriel North America operates in both the aftermarket and Original Equipment Manufacturer (OEM) segments. This marks OpenGate’s fourth acquisition in the past six months and its first in the automotive sector. For this investment, OpenGate is partnering with Gabriel North America’s management team to complete a transformation of the business.
Gabriel is one of the more widely recognized brands in the North American automotive and commercial vehicle aftermarket. The company is also a supplier of shocks to North American commercial, industrial and recreational vehicle manufacturers.