Fifth Third Securities, Inc. Advises Auto-Vehicle Parts Company on its Recapitalization by Tenex Capital Management

Fifth Third Bank

 

1/11/2018

Fifth Third Securities, Inc. served as Exclusive Financial Advisor to Auto-Vehicle Parts Company in connection with this transaction.


About Auto-Vehicle Parts Company 
Founded in 1916, Auto-Vehicle Parts Company (or “Auveco”) has become one of the predominant providers of automotive fasteners to the body hardware aftermarket as well as general industrial fasteners used in maintenance, repair, and operations applications within North America. The Company sells to thousands of wholesale distribution customers who subsequently service hundreds of thousands of collision centers, repair shops, dealerships, and general manufacturers located throughout North America. For additional information, please visit, www.auveco.com.

About Tenex Capital Management 
Tenex Capital Management is a private equity firm that invests in middle-market companies. Tenex uses an in-house team of hybrid investment professionals skilled in operational leadership, investing and capital markets structuring to maximize long-term value creation. Tenex’s deep operating experience allows the firm to collaborate with management teams to capitalize on business and market opportunities. Tenex has successfully invested in a diverse range of industries, including industrials, manufacturing, and health and business services. For additional information, please visit www.tenexcm.com.

About Fifth Third Capital Markets 
Fifth Third Capital Markets provides value-added advice and solutions aimed to support the growth, profitability, and capital needs of corporate clients. Fifth Third Capital Markets’ services include investment banking++, debt capital markets+, bond capital markets++, equity capital markets++, financial risk management+ and fixed income sales and trading++. The group has offices in Atlanta, Charlotte, Cincinnati, Chicago, Cleveland, Nashville, Dallas and Memphis, and provides services across a variety of industries/verticals spanning Large Corporate, Mid Corporate, Consumer & Retail, Diversified Industrials, Energy, Gaming, Lodging, & Leisure, Healthcare, Real Estate, and Technology, Media and Telecom.

+ Services and activities offered through Fifth Third Bank 
++ Services and activities offered through Fifth Third Securities, Inc.

About Fifth Third Bancorp 
Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. As of Sept. 30, 2017, the Company had $142 billion in assets and operated 1,155 full-service Banking Centers and 2,465 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia and North Carolina. In total, Fifth Third provides its customers with access to nearly 55,000 fee-free ATMs across the United States. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending and Wealth & Asset Management. Fifth Third also has an 8.6 percent interest in Vantiv Holding, LLC. Fifth Third is among the largest money managers in the Midwest and, as of Sept. 30, 2017, had $348 billion in assets under care, of which it managed $36 billion for individuals, corporations and not-for-profit organizations through its Trust and Registered Investment Advisory businesses. Investor information and press releases can be viewed at www.53.com. Fifth Third's common stock is traded on the Nasdaq® Global Select Market under the symbol "FITB." Fifth Third Bank was established in 1858. Member FDIC

For more information visit: Fifth Third Capital Markets