Melling Acquires Sigma Engineering
Melling Engine Parts acquires Sigma Engineering, a developer and manufacturer of rocker arms and shafts.
RWB Acquires Haltech Engine Management Systems
Race Winning Brands, Inc. has announced another milestone in the expansion of their performance product offerings with the acquisition of Haltech Engine Management Systems (Haltech). Following the recent performance transmission ventures, this acquisition represents the thirteenth add-on for Race Winning Brands. Headquartered in the Sydney, Australia, Haltech specializes in electronic engine management systems for performance
Husky Corporation Acquires Kinetic Laboratories and the K100 Fuel Treatments Product Line
Husky Corporation, which manufactures innovative fuel dispensing products and serves customers across the transportation sector, has acquired New York based Kinetic Laboratories and the K100 product line of gasoline and diesel fuel treatment additives. Terms of the acquisition were not disclosed. K100 features a proprietary formula developed 57 years ago that addresses water management, fuel
Kenny Koretsky and Family Purchase Maple Grove Raceway (PA)
Veteran NHRA racer Kenny Koretsky and his family, including his sons Kenny Jr. and current Pro Stock driver Kyle, have purchased Maple Grove Raceway, located near Reading, Pennsylvania. The track has hosted NHRA Camping World Drag Racing Series events for nearly four decades and will host the opener to the NHRA Countdown to the Championship, the
Melling Engine Parts Acquires Casalandra Metal Stamping
Melling Engine Parts has announced its acquisition of Casalandra Metal Stamping, a manufacturer of expansion plugs based in New Castle, PA. “Casalandra has been a key vendor to Melling for years and we were excited when the opportunity presented itself,” commented CEO Mark Melling. “We are committed to becoming basic in more product lines and
Race Winning Brands Shifts into Transmission Performance
Race Winning Brands, Inc. is excited to announce the next evolution of their performance product offerings with the acquisition of RevMax, TransGo, and Transmission Specialties, Inc. (TSI). This trio of acquisitions represent the tenth, eleventh, and twelfth add-ons for Race Winning Brands. Headquartered in the performance and racing focused community of Charlotte, NC, RevMax specializes
Race Winning Brands Acquires PAC Racing Springs
Race Winning Brands, Inc. (“RWB”), a portfolio company of MiddleGround Capital, has announced the acquisition of PAC Racing Springs (“PAC”), a leading manufacturer of high-performance valve springs serving the automotive and powersports performance and racing aftermarket. PAC represents the ninth add-on acquisition for Race Winning Brands. PAC is headquartered and operates out of an industry-leading
Lubrication Specialities Inc. Announces 25th Anniversary
Lubrication Specialties Inc. (LSI) has announced the company’s 25th anniversary. The company owned by CEO Chris Gabrelcik began modestly as a home-based business in 1997. Gabrelcik, who holds certifications as a Certified Lubrication Specialist (CLS) and Oil Management Analyst (OMA), initially developed lubrication solutions for major industrial clients. The company’s mission was to solve real world industry
JEGS Acquired by Private Equity Firm
Greenbriar Equity Group, a middle-market private equity firm, has acquired a majority position in JEGS Automotive, the national retailer and distributor of high-performance aftermarket auto parts and accessories based in Delaware, Ohio. JEGS, founded in 1960 by The Coughlin Family, offers more than two million product SKUs from over 800 vendors through its website and
Tenneco to be Acquired by Apollo Funds
Tenneco has entered an agreement to be acquired by Apollo Funds, a private asset management company, in an all-cash transaction valued at approximately $7.1 billion. When the transaction is completed, Tenneco will become a private company whose shares will no longer trade on the New York Stock Exchange. The company will continue to operate under
Borgwarner to Acquire Santroll Automotive Components
BorgWarner has announced that it will acquire Santroll Automotive Components, a carve-out of Santroll Electric Auto and Santroll Automotive Components’ eMotor business. BorgWarner said that the acquisition is expected to strengthen its vertical integration, scale, and portfolio breadth in light vehicle e-motors while allowing for increased speed to market. Closing is expected in the late
Race Winning Brands Welcomes Cary Redman as Vice President of Sales
Race Winning Brands (RWB) is excited to welcome seasoned industry professional, Cary Redman, to the RWB family as Vice President of Sales – Automotive. Cary is no stranger to the automotive aftermarket with over 25-years’ experience in the performance manufacturing and retail sectors working with veteran organizations such as Holley Performance, Mr. Gasket Co. and
Holley Acquires 4 Enthusiastic Brands
Holley announced it acquired substantially all of the assets of Arizona Desert Shocks (ADS), Baer Brakes, Brothers Trucks, and Rocket Racing Wheels during the fourth quarter of 2021. “We are excited to welcome Arizona Desert Shocks, Baer Brakes, Brothers Trucks, and Rocket Racing Wheels to the Holley family of enthusiast brands,” said Tom Tomlinson, Holley’s
Chris Kersting to Retire from SEMA
Following more than 30 years of service to SEMA (Specialty Equipment Market Association), President and CEO Chris Kersting will be stepping down at the end of January 2022 to enjoy retirement. The move comes as SEMA concludes a successful 2021, delivering two of the nation’s largest in-person trade shows since the start of the pandemic
Scat Crankshafts and AFR to Join Forces
SCAT Enterprises, LLC (“SCAT”) has announced it has been acquired by Taglich Private Equity, LLC (“TPE”), who recently acquired Air Flow Research Heads, Inc., a manufacturer of cylinder heads and intake manifolds for the high-performance automotive aftermarket. For over 50 years, SCAT has been a manufacturer of high-performance crankshafts, connecting rods and rotating assemblies used
Tesla Aftermarket Pioneer T Sportline Announces Brian Reese as CEO
Kian Capital-backed T Sportline, a leading designer, marketer, distributor and e-commerce retailer of premium-branded aftermarket parts and accessories designed specifically for Tesla and other electric vehicles, today announced that Brian Reese has joined the company as Chief Executive Officer. He joins T Sportline co-founders, Jon Pek and Elie Rothstein, who will continue respectively as VP of
Holley EFI Lightweight Dominator ECU
Holley EFI’s new Lightweight Dominator ECU utilizes a lighter potting material than the standard Dominator unit, which reduces total weight by 1.8 pounds. This lightweight version is specifically intended for drag racing. It is not recommended for use in high-heat conditions (under-hood mounting installations), and applications with high continuous current draw. Features: Lightweight ECU potting
PerTronix Names New Investment Partner
PerTronix Performance Brands—the provider of aftermarket automotive products including ignition, exhaust and fuel systems—has announced a new investment partner, Charger Investment Partners private equity firm based in El Segundo, California. “Charger’s operational knowledge and investment background brings value to our organization and will support the growth of our brands and the ability to leverage future
LSI Expands, Adds 24,000 Sq. Ft. Shipping Hub
Lubrication Specialties Inc. (LSI), manufacturer of Hot Shot’s Secret™ brand of performance additives and oils and custom lubricant solutions provider for industrial clients, announces the expansion of their warehouse footprint with the addition of a 24,000 square foot facility located in Mt. Gilead, OH. The facility was purchased to improve efficiency and distribution of the company’s
Race Winning Brands To Be Acquired by MiddleGround Capital
Race Winning Brands has been acquired by MiddleGround Capital, an operationally-focused private equity firm. Race Winning Brands consists of a 12-brand portfolio of high-performance aftermarket product categories, including JE Pistons, Wiseco Performance Products, K1 Technologies, Diamond Pistons, Trend Performance, Rekluse Motor Sports, MGP Connecting Rods, ProX Racing Parts, Dart Machinery, CV4, Manley Performance, and Victory 1