M&A Deal Summary

Race Winning Brands Acquires TMG Performance Products

On June 30, 2022, Race Winning Brands acquired manufacturer TMG Performance Products from The Mifsud Group

Acquisition Highlights
  • This is Race Winning Brands’ 2nd transaction in the Manufacturing sector.
  • This is Race Winning Brands’ 11th transaction in the United States.
  • This is Race Winning Brands’ 1st transaction in Ohio.

M&A Deal Summary
Date 2022-06-30
Target TMG Performance Products
Sector Manufacturing
Buyer(s) Race Winning Brands
Sellers(s) The Mifsud Group
Deal Type Add-on Acquisition

Target

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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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 12 of 12
Sector (Manufacturing) 2 of 2
Type (Add-on Acquisition) 12 of 12
State (Ohio) 1 of 1
Country (United States) 11 of 11
Year (2022) 4 of 4
PREVIOUS 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.

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Seller(S) 1

SELLER

The Mifsud Group

Category Private Equity Firm
Founded 2000
Size Small
Type Sector Agnostic
DESCRIPTION

The Mifsud Group was a private investment holding firm focused on acquiring and operating specialty manufacturing companies. The Firm has a special interest in companies that provide value-added products and services utilizing proprietary technologies and processes. The Mifsud Group was formed in 2000 and is based in Berea, Ohio.

DEAL STATS #
Overall 2 of 2
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Ohio) 2 of 2
Country (United States) 2 of 2
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-18 Montana Metal Products

Des Plaines, Illinois, United States

Montana Metal Products is a fully integrated manufacturer of precision sheet metal and machined components and assemblies for tier-one OEMs, serving the Aerospace, Medical, and Industrial Markets. Specializing in extremely complex and close tolerance parts in a variety of alloys, Montana Metal Products supports its blue-chip customers from design to assembly and delivery. Montana Metal Products was formed in 1957 and is based in Des Plaines, Illinois.

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