Allison’s transfer of ownership from General Motors (GM) to The Carlyle Group and Onex Corporation has been completed successfully, with a smooth transition for Allison’s customers and other stakeholders.  “Under our new owners, Allison remains committed to the fulfillment of its brand promise of providing an unrivalled combination of Quality, reliability, durability, vocational value and customer service,” says Larry Dewey, Chief Executive Officer, Allison Transmission, Inc.

Having experienced a record year for global transmission sales in 2006, generating annual revenue in excess of $2.3 billion (U.S.), Allison is successfully expanding into new territories and vocations, notably global buses, distribution and construction.  Under the new owners, this growth is expected to accelerate.

“Developing new and innovative products to meet the needs of our customers and to grow our business around the world will be tremendously enhanced by the support of our new owners and their commitment to the continued success of Allison,” says Dewey.  “We’re excited about our future with The Carlyle Group and Onex Corporation, which includes plans for new products, market expansion and further global growth across the breadth of our business sectors.”

The enthusiasm for the future of Allison is shared throughout the company as its existing management team remains in place.  “This offers all Allison employees the responsibility and opportunity to influence the direction of the company and to work together to help build upon Allison’s history of successful growth,” concludes Dewey.