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PE Firm Claims Majority Position in AutoQuotes

Thanks to a strategic growth investment, Luminate Capital Partners has become the majority shareholder in AutoQuotes, a technology company for the foodservice equipment and supplies industry that provides an online catalog as well as quotation and design applications.

Kent Motes Jr. and Alex Motes will continue to maintain representation on the AutoQuotes board of directors. Additionally, Hollie Haynes, Mark Haidet, Scott Kingsfield, and Sanjay Palakshappa from Luminate Capital Partners will join the AutoQuotes Board.

Luminate Capital Partners is a private equity firm that invests in software and software-enabled services businesses in the middle-market.