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M&A Deal Summary

Taglich Private Equity and Farragut Capital Partners Acquire Racing & Performance

On June 1, 2021, private equity firm Taglich Private Equity and mezzanine finance firm Farragut Capital Partners acquired automotive company Racing & Performance

Acquisition Highlights
  • This is Taglich Private Equity’s 3rd and Farragut Capital Partners’ 2nd transaction in the Automotive sector.
  • This is Taglich Private Equity’s 25th and Farragut Capital Partners’ 80th transaction in the United States.
  • This is Taglich Private Equity’s 3rd and Farragut Capital Partners’ 6th transaction in California.

M&A Deal Summary
Date 2021-06-01
Target Racing & Performance
Sector Automotive
Buyer(s) Taglich Private Equity
Farragut Capital Partners
Deal Type Consolidation

Target

Racing & Performance

Valencia, California, United States
Racing & Performance is a consolidation of high-performance automotive aftermarket parts businesses. Racing & Performance was formed in 2021 and is based in Valencia, California.

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Buyer(S) 2

Buyer

Taglich Private Equity

New York, New York, United States
Category Private Equity Firm
Founded 2001
Size Small
Type Sector Agnostic
DESCRIPTION

Taglich Private Equity is a private equity firm focused on investing in US-based, lower middle market manufacturing, business service, and consumer product companies. The Firm prefers businesses with strong growth prospects and leading market positions. Taglich looks to invest $3 to $20 million and will consider funding a variety of investment situations - including management buyouts, recapitalizations, secondary buyouts, ownership transitions, divestitures, and growth capital financings. Taglich Private Equity was formed in 2001 and is based in New York City.

DEAL STATS #
Overall 25 of 27
Sector (Automotive) 3 of 4
Type (Consolidation) 1 of 1
State (California) 3 of 4
Country (United States) 25 of 27
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-01 Pro Compression

Carlsbad, California, United States

Pro Compression is a designer, marketer and distributor of high quality, compression products (socks, sleeves and bracing) that are sold, predominately, direct-to-consumer through its own website. Pro Compression was founded in 2010 and is based in Carlsbad, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-01 Lignetics

Broomfield, Colorado, United States

Lignetics is a residential wood pellet manufacturing company in the U.S. The company’s innovative eco-friendly offering includes premium wood pellets for super-efficient home heating, barbecue pellets that naturally seal in perfect wood-fired flavor, and a superior all-natural high-performance cat litter. The company delivers these innovative all-natural products through national retail partners and directly to consumers via the only national network of wood pellet manufacturing plants spread across the U.S. and Canada with 22 different plant locations. Lignetics was founded in 1983 and is based in Broomfield, Colorado.

Sell -
Buyer

Farragut Capital Partners

Chevy Chase, Maryland, United States

Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2011
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Farragut Capital Partners LLC is a private investment firm that provides mezzanine and equity capital to help finance buyouts, generational transfers, growth capital financings, and recapitalizations. The Firm prefers asset-light businesses with unique and defensible market positions, stable business models, and reasonable capital expenditure and working capital needs. Sectors of interest include light and niche manufacturing, business services, distribution & logistics, and media. Farragut's target investment size is $2 to $10 million. Farragut Capital Partners was formed in 2011 and is based in Washington, District of Columbia.

DEAL STATS #
Overall 80 of 98
Sector (Automotive) 2 of 3
Type (Consolidation) 1 of 1
State (California) 6 of 7
Country (United States) 80 of 98
Year (2021) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-21 MBH Settlement Group

Chantilly, Virginia, United States

MBH Settlement Group is a provider of residential real estate Title and Settlement Services, Mortgage Lending, and the practice of law in Virginia, Maryland, and the District of Columbia. MBH Settlement Group was founded in 1994 and is based in Chantilly, Virginia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-24 Accurate Fabrication

Hartford, Wisconsin, United States

Accurate Fabrication provides precision metal fabrication, using state-of-the-art equipment and production methods. Operations include laser cutting, punching, bending, welding, and assembly. Accurate has built a strong reputation providing OEMs with high-quality parts and service. Accurate Fabrication was founded in 1994 and is based in Hartford, Wisconsin.

Buy -
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