MidOcean Partners has acquired Cloyes, a portfolio company of Hidden Harbor Capital Partners. Terms of the deal were not disclosed. 

Cloyes is based in Fort Smith, Ark., and develops and manufactures timing drive systems and engine components for original equipment and automotive aftermarket.

This is New York-based MidOcean’s third investment in the automotive aftermarket in 15 months. Florida-based Hidden Harbor acquired Cloyes in 2018.

Gibson Dunn & Crutcher LLP, Stifel, Nicolaus & Co., Donnelly Penman & Partners, and McDermott Will & Emery LLP all advised on the deal.