ATV-maker TOMCAR poised for expansion following Markstone acquisitionMarkstone Capital Partners has acquired a controlling interest in Israel?s TOMCAR, a manufacturer of off-road vehicles. The TOMCAR is a military grade, high-performance all-terrain vehicle (ATV) originally designed for military and border patrol use and now being produced as commercial and recreational vehicles available with either gas or diesel engines. TOMCAR vehicles are currently utilized in a variety of markets including: military, first responder, mining, construction, agriculture, tourism and recreation. TOMCAR is based in Rochester Hills, Michigan with additional operations in Arizona and Israel, as well as strategic partnerships in Australia, Canada, and the UK. In addition, TOMCAR has partnered with German engineering firm, EDAG to assemble vehicles on a new production line in Auburn Hills, Michigan. Elliott Broidy of Los Angeles, chairman of Markstone, will serve as Chairman of TOMCAR and has appointed Tom McAlear, former Chief Operating Officer of DaimlerChrysler Financial Services, as CEO. McAlear said: “The history of TOMCAR proves its superiority in performance, durability and safety. The company is poised for aggressive growth in a number of governmental, commercial and recreational channels.”
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