Novae Announces New Equity Partner After completing a diligent search for an investment partner , Novae Corp announced that Brightstar Capital Partners has acquired an equity interest in Novae .
This new partnership will fuel the significant reinvestment required to continue Novae ’ s aggressive growth plan , while driving continuous improvement in business processes , organization , facilities and technology . Brightstar Capital Partners is a middle market equity firm focused on partnering with exceptional families , founders , entrepreneurs and management teams where a firm is ideally positioned to drive value creation .
Novae ’ s current ownership group will retain a stake in the new company and , along with the current Novae senior leadership team , will continue to lead the company . Brightstar Capital Partners embraces the mission , values and culture that have driven Novae ’ s success over the past 25 years and shares a common vision for accelerating the company ’ s growth . The new company remains committed to delivering quality products , providing exceptional customer service , and respecting the employees , customers , suppliers and communities that are associated with the Novae brands .
For more information , please visit novaecorp . com .
Taskmaster Components and Maxion Wheels Announce Three-Year Supply Extension Global tire and wheel assembler Taskmaster Components announced a three-year supply extension agreement with wheel manufacturer Maxion Wheels .
In the fall of 2020 , Taskmaster Components introduced the Vesper by Maxion Wheels , a complete lineup of high-end steel trailer wheels
developed with and manufactured by Maxion Wheels . Taskmaster Components and Maxion Wheels have worked together closely since the launch of Vesper , adding sizes and creating a boxedwheel program that benefits Taskmaster ’ s wholesale and retail sales segments . The close relationships developed during this initial launch , paired with a strong reaction from the US trailer market , led the two teams to sign a three-year extension of their supply agreement .
“ Partnering with Maxion Wheels allowed Taskmaster Components to offer an engineered solution to original equipment manufacturers ,” said Amanda Walker , CEO of Taskmaster Components . “ Our customers understand that an assembly is only as good as the separate tires and wheels they ’ re made of . Together we have taken the guesswork out of specifications and testing ; the Vesper steel wheel lineup offers trusted results that our customer base can rely on . We have eliminated 30 days from our supply chain at a time when every day counts .”
“ Maxion Wheels is honored to continue its partnership with Taskmaster through this three-year supply agreement extension , which we view as a testament to their satisfaction in our high-quality products and service ,” said Zeferino Neto , President of Maxion Wheels , America ’ s business unit . “ From day one , we ’ ve felt a part of the Taskmaster family , and together have built a strong light-duty trailer wheel line-up that is serving well the growing needs of Taskmaster ’ s diverse customer base .”
The Vesper steel wheel lineup is constructed entirely from a high-quality steel , and with advanced engineering optimization methods , weighs 5-10 % less than the competition , resulting in improved fuel economy . The entire wheel lineup also receives automotive-grade rim edge conditioning , which lessens tire damage during mounting and eliminates stress cracks around the rim . The Vesper series is finished in a highquality topcoat that exceeds 1000 hours in the salt spray chamber .
For more information , please visit taskmasterproducts . com .
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