The Friedkin Team Inc., led by Houston billionaire Dan Friedkin, has launched a further automotive-associated business: Accelerated Alternatives Group LLC.
The manufacturer “styles, develops and markets items that condition and meet the evolving requirements of the automotive current market by leveraging its distinctive sector perception, sophisticated engineering and manufacturing skills,” in accordance to The Friedkin Group’s web site. The corporation at present companies specialised equipment for Houston-based Gulf States Toyota, which also is portion of The Friedkin Group, in accordance to an Oct. 12 press release.
President Gabe Mitchell potential customers ASG together with Charles Paulson, who serves as director of production and engineering. Mitchell’s previous roles incorporate director of engineering at Gulf States Toyota, application manager II at BAE Techniques, and engineering roles at Honda of The united states Mfg. Inc., The Boeing Co. and BMW, in accordance to his LinkedIn profile. He also co-established a cell application referred to as FishingCrew. Paulson most not long ago was senior supervisor of solution engineering at Gulf States Toyota, per his LinkedIn profile.
“We understand that as new vehicle architecture and designs turn out to be a lot more complex, integrating aftermarket components can turn out to be more complicated,” Mitchell mentioned. “ASG is effectively positioned to style and manufacture items at the caliber and high quality envisioned by automotive suppliers, dealers and consumers.”
The Friedkin Group, dependent in Houston, is probably very best recognized domestically as the owner of Gulf States Toyota, a single of the world’s greatest unbiased distributors of Toyota vehicles and parts. GST distributes Toyota cars and sections to extra than 150 dealerships throughout Texas, Oklahoma, Louisiana, Mississippi and Arkansas.
Nevertheless, The Friedkin Group also owns various other automotive-connected corporations: GSFSGroup, a nationwide provider of finance and coverage merchandise and reinsurance constructions for the automotive market GSM, a complete-company immediate-marketing and electronic agency US AutoLogistics (USAL), a motor vehicle transportation organization Houston-region dealerships Westside Lexus and Northside Lexus and Ascent Automotive Group, which consists of a variety of Toyota and Lexus throughout the place.
The Friedkin Group also owns resorts, aviation and expedition firms, and enjoyment organizations, together with Neon, an impartial film distribution studio that has dispersed award-profitable hits these as “Parasite,” “I, Tonya,” “Honeyland” and “A few Equivalent Strangers.” The consortium also consists of five philanthropic companies.
About the summer time, The Friedkin Team acquired a majority stake in Italian soccer club AS Roma S.p.A. At the time, the deal was valued at approximately $700 million, together with the assumption of debt.
Dan Friedkin is one particular of about a dozen billionaires in Houston, in accordance to Forbes. His net worth is valued at $4.1 billion, ranking him No. 626 around the world as of Oct. 13.