Genstar Capital to Acquire Majority Stake in OEConnection from Providence Equity Genstar Capital to Acquire Majority Stake in OEConnection from Providence Equity. Ford and General Motors to Retain Minority Stakes PR Newswire CLEVELAND, Ohio, August 01, 2019 CLEVELAND, Ohio , August 01, 2019 /PRNewswire-PRWeb/ — Cleveland, OH, Providence, RI and San Francisco, CA – August 1, 2019 – OEConnection LLC (“OEC” or the “Company”), the leading global automotive technology provider for OEM distribution networks, Providence Equity Partners L.L.C. (” Providence “) and Genstar Capital (“Genstar”), today announced a definitive agreement under which Genstar will acquire a majority stake in OEC from funds advised by Providence . […]