The electric vehicle market shows great promise in the years ahead, but it’s been a bumpy road to start for many new entrants in the market. Such has been the case with Webasto Charging Solutions, which was losing millions under its German owner. But PE firm Transom Capital Group have a plan to turn things around, after carving out the division earlier this month. Transom co-founder Russ Roenick says his firm will rely on its operational chops to turn around a money-losing unit in a booming sector. Here’s more on their investment thesis that drove the deal.
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