Cloyes Gear & Products Announces Acquisition of Rotomaster
Cloyes Gear & Products, Inc. (“Cloyes”) announced today the acquisition of Rotomaster, a leading global turbocharger and component specialist. Terms of the transaction were not disclosed. Since 1978, Rotomaster has maintained a deep portfolio of complete assemblies, individual components and service kits for diesel and gas-powered applications. Both Cloyes and Rotomaster’s extensive experience as Tier One aftermarket suppliers will complement each other anddrive significant growth and expansion for both companies.
Bosch Plans Acquisition of the MoTec Group
Bosch Engineering GmbH—the manufacturer of electronics for automotive and more applications based in Abstatt, Germany—has announced plans to acquire MoTeC Group, headquartered in Melbourne, Australia. Following approval, MoTeC will become an integral part of Bosch Motorsport, a business unit of Bosch Engineering GmbH, but will continue to operate as a separate entity under its own
GET’M Garage Turns 1, Celebrates with Acquisition of MaxJet
In conjunction with its first year anniversary, GET’M Garage has acquired the MaxJet brand from Memphis, TN-based Comp Performance Group.
DBB Acquisition LLC Acquires Dura-Bond Bearing Company
DBB Acquisition LLC has announced that it has completed the acquisition of Dura-Bond Bearing Company, a division of privately held Melling Engine Parts. Dura-Bond is a manufacturer of Cam Bearings, Bushings, Valve Seats and Hardware for engine and transmission rebuilding since 1947. The Company is based in Carson City, Nevada. Terms of the transaction were
National Performance Warehouse Announces its Third Acquisition of 2012
National Performance Warehouse Companies announced its acquisition of its 10th location, CMA Warehouse in Los Angeles. CMA Warehouse services customers in Los Angeles and the West Coast. As is the custom for an NPW acquisition, CMA Warehouse will maintain its current staff and management to continue to service its customers in its historic manner, the
Monomoy Gets Financing for Holley Acquisition
LBC Credit Partners, a provider of financing solutions to middle market companies, has agented a$37.5 million senior secured term loan to support the purchase of High Performance Industries Inc. (dba Holley) by an affiliate of private equity group Monomoy Capital Partners LP. The acquisition was first announced in June. Holley manufactures products such as carburetors,
O’Reilly Automotive CEO Greg Henslee Talks about the Recent Acquisition of CSK Auto
What made CSK an appealing acquisition for O’Reilly? What do you feel are CSK’s biggest assets? We have a history of successful acquisitions so we understand whattype of company makes the best fit for O’Reilly and how to integrateits people and processes into our company to make it stronger. Buildingupon the foundation of CSK’s strong
MAHLE Clevite Canada Completes Acquisition of Engine Parts One
MAHLE Clevite Canada has completed the purchase of Canadian Engine Parts 1 Inc., which serves the Canadian engine parts market with five warehouses located across the country. “The acquisition of Engine Parts 1 is a great arrangement for our customers,” said Michael Tate, MAHLE Clevite General Manager. “It allows us to deliver our premier engine
Data Acquisition Systems and Engine Controllers
Motorsports in general and Formula One in particular is the leading edge (or bleeding edge, depending on how you look at it) of development of these electronic systems. With carburetors looking more and more like dinosaurs compared to modern electronically controlled engine management systems, engine builders – especially those building performance engines – must become
Acquisitions, Proliferation Cloud Parts Suppliers Predictions
With a nod to Charles Dickens, "it is the best of times; it is the worst of times" in the engine building industry. And no matter which of these perspectives you favor, you
Moser Engineering Acquires GearFX From Holley
Moser Engineering, a provider of aftermarket driveline products, has acquired GearFX Driveline and its assets from Holley Performance Brands. GearFX assets and production will relocate to Moser Engineering’s facilities in Portland, IN. “We are thrilled to welcome the GearFX line of products into the Moser Engineering family. Our goal is to continually expand and improve
Melling Engine Parts Acquires QualCast
Melling Engine Parts has announced the acquisition of QualCast, a manufacturer and supplier of valvetrain automotive parts based in Nashville, TN. Qualcast offers all facets of valvetrain applications including heavy-duty, industrial, light and medium-duty, marine and performance. “QualCast will strengthen Melling’s valvetrain business and allow us to expand into market segments we do not have
Transtar Acquires Arch Auto Parts
Transtar Holding Company announced it has acquired Arch Auto Parts, which has 21 locations throughout New York City and surrounding areas. Arch will become part of NexaMotion Group (NMG), a family of automotive aftermarket businesses under Transtar Holding Company. Arch was represented by Schwartz Advisors, and the terms were not disclosed. “Arch Auto Parts aligns perfectly with our
Standard Drivetrain Acquires Precision Industries
Standard Drivetrain has acquired Precision Industries, a torque converter supplier based in Whiteville, TN. Founded by Terry Hedrick, Precision Industries is recognized for developing a multi-clutch performance torque converter and a one-piece billet back cover and offers a full lineup of driveline products. Standard Drivetrain, incorporated in Wilmington, DE, is led by Rob Boninfante and
Velocity Capital Management Acquires Parella Motorsports Holdings
Velocity Capital Management, a New York-based private equity firm specializing in sports, media and entertainment, has acquired Parella Motorsports Holdings, the owner and operator of the SpeedTour event series. “I’ve been seeking the right partner to help me realize my vision for Parella Motorsports Holdings and I am thrilled to be collaborating with the Velocity
Circle D Specialties Acquires Reid Racing
Circle D Specialties, a manufacturer of high-performance torque converters and driveline components for the automotive aftermarket, has announced the acquisition of Reid Racing, a manufacturer of performance transmission cases and specialty heavy-duty axle components for off-road vehicles. This strategic acquisition expands Circle D Specialties’ product portfolio and positions the company as a comprehensive provider of
Mark Finnie Named CEO of Racing & Performance Holdings
Racing & Performance Holdings, the organization overseeing AFR, Scat, Vortech, Paxton, RaceTec Pistons, and ProCar brands, has announced the appointment of Mark Finnie as its new CEO. This strategic move is part of Racing &Performance Holdings’ vision to implement a new organizational design aimed at capitalizing on growth opportunities within its performance brands. The realignment
Starrett Introduces Easy-to-Use Precision Wireless Electronic Depth Gages
The L.S. Starrett Company, a leading global manufacturer of precision measuring tools and gages, metrology systems and more, has introduced three Wireless Electronic Depth Gages including the W640JZ, W643JZ, and W644JZ which are made in the U.S.A., part of a line of over 40 new electronic precision gages that Starrett recently introduced to the market.
FuelTech FT600 EFI System
FuelTech’s FT600 EFI System is the perfect association between the ECU and the dashboard, making it a complete solution combining both features.
Turn 14 Distribution Purchases Tucker Powersports
Turn 14 Distribution, a performance parts distribution company, has purchased Tucker Powersports, a 56-year-old leader in powersports distribution. The company, founded by Ed Tucker, is headquartered in Fort Worth, Texas and operates in Florida, Pennsylvania, Illinois, and California. Turn 14 Distribution will acquire its inventory, intellectual property and private label brands, which include well-known marques such