Cardone Industries, Inc.
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Cardone Industries, Inc. - overview
Established
1970
Location
Philadelphia, PA, US
Primary Industry
Automobiles, Other Vehicles & Parts
About
Based in Pennsylvania, US, and founded in 1970 by Michael Cardone, Sr. , and Michael Cardone, Jr. , Cardone Industries, Inc. is a global supplier of remanufactured and new automotive parts for passenger cars and light- and medium-duty trucks.
In July 2023, First Brands Group, LLC, acquired Cardone Industries, Inc. from Brookfield Asset Management. As of 2023, Mike Carr serves as the CEO of the company. The company's product range includes an array of offerings, such as power brake boosters, rack and pinion, ABS components, brake callipers, drive and prop shafts, control modules, throttle bodies, and power steering components.
The firm’s products are sold at auto parts stores in the US and Canada as well as through online retailers such as Amazon, Carparts. com, Reily Auto Parts, LMC Truck, Advance Auto Parts, and others. The enterprise’s brands include Cardone Reman, Cardone New, and Cardone Ultra.
Current Investors
Brookfield Property Group
Primary Industry
Automobiles, Other Vehicles & Parts
Sub Industries
Automobile Dealerships, Automobiles, Other Vehicles & Parts
Website
www.cardone.com
Verticals
Manufacturing
Company Stage
Mature
Total Amount Raised
Subscriber access only
Cardone Industries, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Cardone Industries, Inc. | - | ||||||||
| Recapitalisation | Completed | Cardone Industries, Inc. | - |
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