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
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
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
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
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
Fifty Five Promotions Acquires Skagit Speedway
Fifty Five Promotions will take over ownership of Skagit Speedway, the dirt track based in Burlington, Washington. Fifty Five Promotions is the new promotional group comprised of Washington car owners Kevin Rudeen and Mike Anderson and the California-based promoter Peter Murphy. “We have some exciting surprises planned for the fans and the racers,” Rudeen said.
AFR Acquired by Private Equity
Air Flow Research (AFR), a manufacturer of high-performance cylinder heads, intake manifolds and related components, has been acquired by Taglich Private Equity (TPE) in a partnership with AFR’s founding family and management. The company’s 42 production and office employees based in Valencia, CA, will remain with the current executive team and staff. AFR was founded
PLZ Aeroscience Acquires Champion Brands
PLZ Aeroscience Corporation, an independent specialty aerosol and liquid product manufacturer, has announced the acquisition of Champion Brands, LLC, a manufacturer of specialty lubricants for automotive and industrial markets. Financial terms of the acquisition were not disclosed. With this acquisition, PLZ expands its full-service automotive and industrial offering, positioning the company to better serve its customers