M&A Deal Summary

Clavis Capital Partners and Patriot Capital Acquire Race Technologies

On June 1, 2023, private equity firms Clavis Capital Partners and Patriot Capital acquired automotive company Race Technologies

Acquisition Highlights
  • This is Clavis Capital Partners’ 1st and Patriot Capital’s 5th transaction in the Automotive sector.
  • This is Clavis Capital Partners’ 8th and Patriot Capital’s 104th transaction in the United States.
  • This is Clavis Capital Partners’ 1st and Patriot Capital’s 12th transaction in California.

M&A Deal Summary

Date 2023-06-01
Target Race Technologies
Sector Automotive
Buyer(s) Clavis Capital Partners
Patriot Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Race Technologies

Irvine, California, United States
Race Technologies provides supply chain services and high-performance product distribution across the globe and has been serving the global performance automotive and motorcycle racing, custom build, and enthusiast markets. Race Technologies was founded in 1998 and is based in Irvine, California.

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Buyer(S) 2

DESCRIPTION

Clavis Capital Partners is a private equity firm focused on control investments of industrial companies valued up to $200 million. Clavis has a particular interest in 'under-resourced' companies where the Firm can work with management to build long-term sustainable businesses. Clavis Capital Partners was established in 2013 and is headquartered in Dallas, Texas.


DEAL STATS #
Overall 9 of 9
Sector (Automotive) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 3 of 3
State (California) 1 of 1
Country (United States) 8 of 8
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-24 UCC Environmental

Waukegan, Illinois, United States

UCC Environmental is a provider of mission-critical engineered environmental solutions and performance parts for wastewater treatment, solids handling, and air pollution control technologies in power generation and other heavy industrial applications. UCC Environmental was founded in 1920 and is based in Waukegan, Illinois.

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Buyer

Patriot Capital

Baltimore, Maryland, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Size Large
Type Sector Agnostic
DESCRIPTION

Patriot Capital is a private investment firm that provides equity and junior capital to support acquisitions, growth capital financings, management buyouts, and recapitalizations of middle-market companies. The Firm looks to invest $5 to $25 million in businesses generating revenues of $10 to $200 million. Areas of interest include business and consumer services, consumer products, niche manufacturing and distribution, education, e-commerce, application software, transportation, and telecom services. Patriot focuses its investment activity with the Mid-Atlantic, Midwest, and Southern areas of the US. Patriot Capital is based in Baltimore, Maryland.


DEAL STATS #
Overall 104 of 108
Sector (Automotive) 5 of 6
Type (Buyout (LBO, MBO, MBI)) 32 of 33
State (California) 12 of 12
Country (United States) 104 of 108
Year (2023) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-13 EastPoint Sports

Succasunna, New Jersey, United States

EastPoint Sports designs, sources, and distributes indoor and outdoor home recreational products through mass retail and e-commerce channels. The EastPoint Sports family of brands includes Go! Gater, Majik, Rec-Tek, Classic Sport, Narwhal, NHL, HEAD, PENN, Kan Jam, and Pro-Line Tailgating. EastPoint Sports was founded in 2009 and is based in Succasunna, New Jersey.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-26 Alloy Wheel Repair Specialists

Norcross, Georgia, United States

Alloy Wheel Repair Specialists provides on-site repair of cosmetic damage to alloy wheel cores, off-site remanufacturing of structurally damaged wheels, and OEM replacement parts through a strong retail network. Alloy Wheel Repair Specialists was founded in 2001 and is based in Norcross, Georgia.

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