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
Race Winning Brands Acquires Victory 1 Performance
Race Winning Brands, Inc. (RWB), a portfolio company of Kinderhook Industries, LLC, has announced the acquisition of Victory 1 Performance, Inc. (Victory), a leading supplier of manufactured and forged high-performance titanium and alloy valves. Victory represents the eighth add-on acquisition for Race Winning Brands. Headquartered and operating out of a world-class facility in Mooresville, NC,
Holley Acquires AEM Performance Electronics
Holley has announced the acquisition of AEM Performance Electronics, the developer and supplier of electronic control and monitoring systems. “We are very excited to have the vast resources that an industry-leading company like Holley provides to help us accelerate the development of our products, particularly in the EV conversion space,” AEM Division President Greg
Northern Tool + Equipment Acquires Jacks Small Engines
Northern Tool + Equipment, a retailer of high-quality tools and equipment, announced it has acquired Jacks Small Engines, a second generation, family-owned company dealing in online replacement parts for all major brands of engines, tools and power equipment. The move reinforces Northern Tool’s focus on driving growth while serving hard-working trades professionals and serious DIYers with the
Pertronix Acquires Taylor Cable
PerTronix Performance Brands, which is made up of key brands in the ignition, exhaust and fuel delivery segments, has acquired Taylor Cable Products, Inc., located in Grandview, MO. For over 90 years, Taylor Cable Products has provided products to the performance and racing markets, including its line of performance and racing spark plug wires, battery
Cometic Gasket Acquires Klotz Synthetic Lubricants
Cometic Gasket, a supplier of gaskets and engine sealing solutions for the automotive, powersports, original equipment and remanufactured engine industries, announced it has acquired Klotz Synthetic Lubricants. Based in Fort Wayne, IN, and founded by John C. Klotz Jr., in 1959, Klotz Synthetic Lubricants specializes in providing superior lubricants to racers, performance enthusiasts, and traditional end-users. For