M&A Deal Summary

Race Winning Brands Acquires TransGo

On April 22, 2022, Race Winning Brands acquired automotive company TransGo from Five Points Capital

Acquisition Highlights
  • This is Race Winning Brands’ 9th transaction in the Automotive sector.
  • This is Race Winning Brands’ 10th transaction in the United States.
  • This is Race Winning Brands’ 1st transaction in California.

M&A Deal Summary

Date 2022-04-22
Target TransGo
Sector Automotive
Buyer(s) Race Winning Brands
Sellers(s) Five Points Capital
Deal Type Add-on Acquisition

Target

TransGo

El Monte, California, United States
TransGo is a specialty manufacturer and designer of automotive transmission valve body parts that are used to repair faulty automatic transmissions. The Company’s products exclusively address automatic transmission valve bodies, one of the most technically complex parts of a transmission and a necessary component of nearly every transmission overhaul/repair. TransGo was formed in 1959 and is based in El Monte, California.

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Buyer(S) 1

Buyer

Race Winning Brands

Mentor, Ohio, United States

Category Company
Sector Automotive
DESCRIPTION

Race Winning Brands is a designer, manufacturer, and distributor of branded automotive aftermarket and powersports aftermarket products for enthusiast and racing consumers. RWB consists of a 12-brand portfolio of high-performance aftermarket product categories, with applications across a diverse group of automotive and powersports vehicle segments. According to industry research, the enthusiast powersport segment has seen annualized growth of 10-15 percent over the last 18 months with forecasted growth of six to eight percent over the next 12 months. Racing Winning Brands is based in Mentor, Ohio.


DEAL STATS #
Overall 10 of 12
Sector: Automotive M&A 9 of 10
Type: Add-on Acquisition M&A Deals 10 of 12
State: California M&A 1 of 1
Country: United States M&A 10 of 11
Year: 2022 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-21 TPT Solutions

United States

TPT Solutions is a transmission-focused automotive aftermarket products for light truck, automotive and SUV/CUV focused on performance. TPT is comprised of three strong brands, TransGo, RevMax and Transmission Specialties, in the transmission aftermarket space across quality, performance and brand reputation with extremely loyal customer relations drive by strong quality standards and a culture of continuous new product development.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-13 Haltech

Wetherill Park, Australia

Haltech product offerings include engine control units, displays, and related accessories such as harnesses. The products are used primarily to control engines by monitoring engine and driver data inputs to calculate optimal performance output, as well as displaying various engine performance parameters to the driver. Haltech is based in Wetherill Park, Australia.

Buy -

Seller(S) 1

SELLER

Five Points Capital

Winston-Salem, North Carolina, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Five Points Capital makes both direct private equity and junior capital investments in US-based middle-market companies. Five Points prefers control based investments and will consider opportunities in a variety of industries. For both equity and mezzanine investments, the Firm looks to commit $5 to $25 million of capital in businesses with at least $10 million in sales and $3 million of EBITDA. Five Points Capital was formerly known as BB&T Capital Partners and re-branded in 2015. The Firm was established in 1997 and is based in Winston-Salem, North Carolina.


DEAL STATS #
Overall 45 of 58
Sector: Automotive M&A 3 of 3
Type: Add-on Acquisition M&A Deals 16 of 24
State: California M&A 1 of 2
Country: United States M&A 45 of 58
Year: 2022 M&A 4 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-16 SQAD

Tarrytown, New York, United States

SQAD provides media planning management software, media cost databases, and television ratings analytics software to advertisers, agencies, media inventory owners and media research firms. SQAD was founded in 1990 and is based in Tarrytown, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-10 Vektek

Emporia, Kansas, United States

Vektek is a designer and manufacturer of hydraulic clamps and related products that are used to secure parts during the metal cutting process associated with CNC machining. Vektek’s extensive product offering of highly-engineered workholding products includes hydraulic clamps, work supports, cylinders, valves, and power supplies. Vektek serves a loyal, highly diverse, and global customer base primarily comprised of end users that machine high-volume precision parts themselves and fixture builders that manufacture and assemble workholding devices that are sold to end users. Vektek’s products serve a wide range of industries including automotive, rail, agriculture, and aerospace. Vektek was founded in 1974 and is based in Emporia, Kansas.

Sell -