SCT Holdings, or “SCT,” was acquired by an affiliate of Global Environment Fund, a Washington DC area private equity investor with $1 billion in assets under management. The terms of this agreement have not been disclosed. BB&T Capital Markets served as SCT’s exclusive financial advisor to SCT and Tillery Captial (SCT’s controlling shareholder).
As I’m sure you know SCT is the leading supplier of engine and transmission calibration products for the performance automotive market as well as light-duty fleets. SCT’s products are popular among automotive enthusiasts looking to add performance to vehicles as well as by fleet operators who recognize fuel savings by using SCT. Visit www.sctflash.com.
BB&T Capital Markets is the leading investment bank to the automotive market. They provide expertise within the aftermarket industry as well as the best transaction execution throughout the entire aftermarket channel from suppliers, distributors, retailers and professional installers. BB&T covers every segment in this $300 billion industry.