Nu-Star acquired by Traction Capital - Transmission Digest

Nu-Star acquired by Traction Capital

Nu-Star, parent company of PowerPusher, announced that it has been acquired by Traction Capital, a Minnesota-based private equity and venture capital firm.

Nu-Star shared with its customers a message of unchanged dedication, saying “we want to assure you that our commitment to providing the highest quality products and exceptional customer service remains unwavering. The Nu-Star team you know and trust will continue to be at your service, and there will be no disruptions to our day-to-day operations.”

“This acquisition allows us to bring more innovation and expertise to the table, and we are fully dedicated to delivering even higher levels of satisfaction to our customers,” said Nu-Star CEO Scott Lorch.

You May Also Like

DOJ, FTC signal support for MEMA Aftermarket suppliers’ petition

The U.S. Department of Justice (DOJ) and the Federal Trade Commission (FTC) recently submitted support to the U.S. Copyright Office for MEMA Aftermarket Suppliers’ petition for a new exemption to the Digital Millennium Copyright Act (DMCA)’s anti-circumvention provisions. These provisions prohibit bypassing copyright protection systems. MEMA’s proposed exemption would allow consumers to view their vehicle’s

DOJ-FTC-Support-MEMA-Aftermarket-Suppliers-Petition

The U.S. Department of Justice (DOJ) and the Federal Trade Commission (FTC) recently submitted support to the U.S. Copyright Office for MEMA Aftermarket Suppliers’ petition for a new exemption to the Digital Millennium Copyright Act (DMCA)’s anti-circumvention provisions. These provisions prohibit bypassing copyright protection systems. MEMA’s proposed exemption would allow consumers to view their vehicle’s telematics data and share that data with third-party repairers. The DOJ and FTC agreed with MEMA that providing consumers access to their vehicle’s telematics data would pose a minimal threat to copyright holders. They also agreed that this data could be accessed without increasing cybersecurity risks. 

NexaMotion Group opens new Arch Auto Parts store

NexaMotion Group (NMG) announced the opening a new Arch Auto Parts store in Plainview, New York. The new store, opened on March 16 and located at 125 Newtown Road, is the company’s fourth location in Nassau County. Related Articles – NexaMotion Group announces expansions for Transtar products, C&M Auto Parts locations  – Deloitte study: Momentum is

NexaMotion-Group-Opens-New-Arch-Auto-Parts-Store
NexaMotion Group announces expansions for Transtar products, C&M Auto Parts locations 

NexaMotion Group announced expansions for two of its businesses. Transtar Industries is adding general repair product lines in four new markets: Cleveland and Mentor, OH; Pittsburgh, PA; and its newest location in Dallas, TX. In addition, the company announced that C&M Auto Parts has opened two new locations in the New Jersey market. C&M Auto Parts

Transtar
Deloitte study: Momentum is slowing for electrification in the U.S.

The 2024 Global Automotive Consumer Study by Deloitte revealed shifting trends in the automotive sector, highlighting the rise in U.S. consumer interest in internal combustion engine (ICE) vehicles and a decline in hybrid and battery electric vehicle (BEV) purchase intent. The report showed a 9% increase in ICE vehicle purchase intent, reaching 67%, while interest in hybrids

electric car generic
ZF Aftermarket introduced more than 770 new parts in 2023

ZF Aftermarket reports that it released more than 770 new parts over the course of 2023. According to ZF, those parts include 115 part numbers for ZF transmission products, including nearly 70 SACHS torque converters, and four different formulations of ZF Lifeguard e-Fluid for hybrid engines. A wide variety of other car and truck parts

Other Posts

Al La Rocca passes away

It is with great sorrow that we report the passing of longtime automatic transmission industry veteran Al La Rocca. He started his long career back in 1958 at Allomatic Industry as a plant manager, moving from there to Windsor Products in New Jersey as a production manager. Al continued his career at AJAC Transmission Parts

Obit-LaRocca-600
HECAT to cease operations

HECAT, Inc., manufacturer of a line of transmission flushing machines, announced last week that it will be ceasing operation at the end of the year. The company has been supplying cooler line flushers for more than 40 years. Related Articles – Powertrain industry profiles 2023 – Precision International founder Dennis Marshall passes – New drivetrain

Hecat-Inc-600
Allison Transmission honors tech competition finalists

Allison Transmission announced the winner of the Allison Guild Technician Skills Competition. Matt Kagarise from Penn Power Group was named grand champion of the competition at the Guild Star Awards banquet hosted in Dallas, Texas, during First Line 2023, Allison’s biannual event for its North America service channel professionals that focuses on product updates and

Allison-Transmission-Honors-Technicians-1400
Two industry friends have passed

With sorrow, we report that former longtime Lubegard sales manager Ken Thomas, 76, passed away from a heart attack on Oct. 5. Ken created friendships and business relations over many years at Lubegard during which he seemingly attended every weekend seminar, distributor open house and industry trade show. Ken (pictured above) will be remembered as