M&A Deal Summary

Race Winning Brands Acquires Haltech

On May 13, 2022, Race Winning Brands acquired automotive company Haltech

Acquisition Highlights
  • This is Race Winning Brands’ 10th transaction in the Automotive sector.
  • This is Race Winning Brands’ 1st transaction in Australia.

M&A Deal Summary

Date 2022-05-13
Target Haltech
Sector Automotive
Buyer(s) Race Winning Brands
Deal Type Add-on Acquisition

Target

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.

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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 11 of 12
Sector: Automotive M&A 10 of 10
Type: Add-on Acquisition M&A Deals 11 of 12
Country: Australia M&A 1 of 1
Year: 2022 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-22 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-30 TMG Performance Products

Berea, Ohio, United States

TMG Performance Products designs and manufactures premium performance exhausts and air intakes, under the CORSA Performance and Volant Performance brands for OEMs and the aftermarket. TMG Performance Products continues to develop technologies focused on improving airflow and acoustics, including its patented RSC technology, and to deliver a truly differentiated performance product to its discerning customers. TMG Performance Products was founded in 2008 and is based in Berea, Ohio.

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