Francisco Partners has agreed to acquire OEConnection LLC, a key player in the automotive aftersales ecosystem, from Genstar Capital, to enhance operational capabilities and drive innovation in the sector.

Information on the Target

OEConnection LLC (OEC), founded in 2000, operates as a pivotal digital platform for the automotive aftermarket. Established through a collaboration among major original equipment manufacturers (OEMs) such as Ford and General Motors, OEC focuses on providing advanced technology solutions that facilitate the transaction of original equipment replacement parts between automakers and authorized dealers, as well as their wholesale clientele. Over the years, the company has broadened its capabilities, now encompassing a wide automotive aftersales network that connects OEMs, repair shops, and aftermarket suppliers.

Today, OEC stands as a trusted partner in the automotive industry, known for significantly enhancing connectivity and collaboration throughout the vehicle repair lifecycle. With a global workforce of 1,500 employees, OEC operates in six countries, catering to a customer base that includes 45 manufacturers, 30,000 auto dealers, and 135,000 wholesale customers. This extensive network underscores OEC's evolution as an essential component in maintaining global mobility.

Industry Overview in the Target’s Specific Country

The automotive aftersales market is undergoing rapid transformation driven by technological advancements and shifting consumer behaviors. In the United States, where the automotive ecosystem is one of the most developed in the world, digital connections are increa