ETE Reman has announced a new partnership agreement with Gauge Capital, a middle‐market private equity firm based in Southlake, Texas, to recapitalize the company.
“We are excited to partner with Gauge and for the resources they add to ETE Reman. Gauge’s investment in the business will allow us to accelerate our growth and further invest in our remanufacturing, product development, product quality, and human capital,” said ETE Reman CEO Noah Rickun. “The Gauge team understands ETE’s vision for the future and embraces our commitment to ‘Build transmissions that last a lifetime… and relationships that last forever.’”
ʺWe spent a long time searching for the right partner – one that is good for our employees, our customers, and for ETE,” said ETE founder Sam Loshak. “I am proud to say that we found that partner in Gauge. They share our core values, and their investment will help us capture a larger share of the transmission market.”
“We couldn’t be happier to partner with ETE Reman and to work alongside Noah and his team to realize our shared vision for the future of the company,” said James Jackson, partner at Gauge Capital. “ETE’s consistent focus on quality, dependability, and the importance of relationships helped them create an amazing business. We look forward to maintaining those key values while providing additional resources to further accelerate their growth.”
As part of the partnership agreement, Rickun and Loshak will be joined by James Jackson and Kevin Rafferty from Gauge Capital on the company’s board of directors.
