P&M Corporate Finance, LLC Announces the Sale of the Special Vehicles Division of MSX International to QEK Global Solutions
P&M Corporate Finance, LLC (“PMCF”) is pleased to announce the sale of the Special Vehicles division of MSX International to QEK Global Solutions, a portfolio company of Transportation Resource Partners. PMCF served as the exclusive financial advisor to MSX International. Based in Auburn Hills, Michigan, Special Vehicles provides fleet management, photo shoot, advertising and experiential marketing services to automotive OEM vehicle fleets for local and regional events, as well as major international auto shows.
Through the divestiture of Special Vehicles, MSX International is able to focus on its core service offerings. At the same time, Transportation Resource Partners is able to provide its portfolio company QEK Global Solutions with additional scale and expand its customer base with immediate access to a major automotive OEM.
About QEK Global Solutions
Based in Bloomfield Hills, Michigan, QEK Global Solutions is a leading provider of vehicle management solutions tailored to the needs of global automotive OEMs and suppliers. The company offers integrated support services such as program development, fleet planning and fleet management services. QEK Global Solutions also provides show and event services, maintenance support, and vehicle remarketing and disposal services.
About Transportation Resource Partners
Transportation Resource Partners (“TRP”) is a private equity fund that invests in growth-oriented manufacturing and service related businesses in the transportation industry. Formed in 2003, the fund currently manages equity commitments of over $265 million and is the successor fund to Penske Capital Partners. TRP acquired QEK Global Solutions in May 2005, along with a group of investors including the UnitedAuto Group, Inc. (NYSE:UAG), Penske Truck Leasing Co., LP, and Opus Ventures General Partner Limited.