Mubasher: Investcorp, a global provider and manager of alternative investment products, said Sunday that it has acquired a significant minority stake in Arrowhead Engineered Products.
Based in Minnesota, Arrowhead is a global supplier of non-discretionary, mission-critical, rotating electrical parts and their components for the power sports, outdoor power equipment, agricultural, industrial, marine, heavy-duty and automotive end-markets, according to a statement.
Managing Director at Investcorp in Saudi Arabia, Yasser Bajsair, commented, “Arrowhead is a great addition to the Investcorp portfolio and we are excited by the prospect of working with the management team to drive the next phase of its growth. We believe the acquisitions of Stens and J&N Electric, will diversify and expand Arrowhead’s capabilities.”
CEO of Arrowhead, Jim Wisnoski, said, “Investcorp has deep experience in the motorised parts industry that is invaluable for Arrowhead’s next phase. We believe their network, capital and capabilities will help us execute on our ambitious growth plans.”
