Warren, MI – October 14, 2015 – Silver Sail Capital, LLC (“SSC”) and 3P Equity Partners, LLC (“3P”, and together with SSC, “S3”) have announced a joint investment in Novo Motor Acoustic Systems, Inc. (“Novo” or the “Company”). The terms of the transaction were not disclosed.
S3 is excited to partner with management to build on the strong foundation the team has created. S3 intends to provide significant additional resources and growth capital to the company, allowing it to expand its operational footprint and continue to explore both organic and inorganic growth initiatives. Together we look forward to developing new and innovative technologies allowing the Company to continue along its impressive historical growth trajectory.
Novo is considered a leader in the automotive industry offering highly engineered plastic and rubber components and systems that contribute to full-vehicle refinement. The Company is an approved supplier at Ford, GM, Chrysler, and numerous other Asian and European OEMs. Novo is uniquely positioned to deliver on its customers’ mission-critical objectives by providing full-vehicle testing, component testing, design, development, and full-volume production. Novo currently employs over 100 people and is strategically located in Warren, Michigan in the heart of the automotive industry.