Generational Equity Advises MGP Connecting Rods in Sale to Race Winning Brands
M&A advisor, Generational, announced the sale of Giannone to Race Winning Brands, a portfolio company of PE firm Kinderhook Industries.
DALLAS–(BUSINESS WIRE)–Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Giannone Performance Products Inc. dba MGP Connecting Rods, to Race Winning Brands, Inc., a portfolio company of Kinderhook Industries LLC. The acquisition closed December 4, 2018.
MGP Connecting Rods, based in Colorado Springs, Colorado, is a premium manufacturer of high-performance aluminum connecting rods. Founded in 1996, MGP offers designs and quality that surpass the needs of the most demanding engines and engine builders by utilizing race-proven design engineering and CNC machining technology. Its proprietary features, such as Cap Interlocking Serration and small end Hard Bore Technology, provide benefits proven to support the rigors of top tier racing.
“The company is set to reach full potential now as part of the Race Winning Brands family,” said Darcell Giannone, MGP owner and wife of founder Michael Giannone. “I am excited to see the brand continue to grow and prosper in alignment with Michael’s vision for MGP.”
Race Winning Brands is the leading manufacturer of high performance and racing related components sold to the automotive and powersports markets. RWB is headquartered in Mentor, Ohio and markets its products globally through a portfolio of leading brands, including JE Pistons, Wiseco Performance Products, K1 Technologies, Diamond Pistons, Trend Performance, Dart Machinery, Rekluse Motor Sports, Falicon Racing and ProX Racing Parts.
MGP represents the fifth add-on acquisition for Race Winning Brands.
“We continue pursuing our vision of leading racers to victory with the best engine parts in the market,” said Race Winning Brands CEO Brian Reese. “MGP is further investment in our expansion to adjacent categories.”
Race Winning Brands is a portfolio company of Kinderhook Industries, a private investment firm that manages more than $2.0 billion of committed capital. The company focuses on middle market businesses with defensible niche market positioning in the healthcare services, environmental / business services and automotive / light manufacturing sectors.
Generational Equity Senior Managing Director Stephen Crisham’s team, led by trusted affiliate David Lewis and assisted by VP Chad Comroe, successfully closed the deal. Executive Managing Director Randy Kamin established the initial relationship with MGP.
About Generational Equity
Generational Equity, Generational Capital Markets (member FINRA/SIPC), Generational Wealth Advisors, and DealForce are part of the Generational Group, which is headquartered in Dallas and is one of the leading M&A advisory firms in North America.
With over 250 professionals located throughout North America, the companies help business owners release the wealth of their business by providing merger, acquisition, and wealth management services. Their four-step approach features exit planning education, business valuation, value enhancement strategies, and M&A transactional services.
The M&A Advisor named the company the 2016, 2017 and 2018 Investment Banking Firm of the Year. For more information, visit https://www.genequityco.com/ or the Generational Equity press room.
