Cloyes is the North American leader and global designer, developer, manufacturer and distributor of mission-critical timing drive systems and components for the automotive aftermarket. Founded in 1921, the Company leverages their superior quality and best-in-class VIO (“vehicles in operation”) coverage to produce mission critical components used in high-performance and replacement applications. Cloyes serves a broad customer base, including wholesale distributors, national and local retailers, re-packagers, and production engine builders, and sells its products under the Cloyes® brand throughout North America and Dynagear® in Mexico.

MidOcean has spent significant time in the auto aftermarket space through its dedicated initiative, with Cloyes marking MidOcean’s third investment in the sector. MidOcean identified Cloyes as a unique opportunity to invest behind a high quality asset of scale operating in a fragmented market that will continue to benefit from multiple strong macro tailwinds. MidOcean has assembled a group of highly talented operating resources across multiple functional and strategic areas to complement the existing management team and help the company excel in its next phase of growth.