Merger • Automotive

Wheel Pros Acquires American Racing

On May 9, 2008, Wheel Pros acquired automotive company American Racing from Platinum Equity

Acquisition Context
  • This is Wheel Pros’ 1st transaction in the Automotive sector.
  • This is Wheel Pros’ 1st transaction in the United States.
  • This is Wheel Pros’ 1st transaction in California.

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M&A Deal Summary

Date May 9, 2008
Target American Racing
Sector Automotive
Buyer(s) Wheel Pros
Sellers(s) Platinum Equity
Deal Type Merger

Target Company

American Racing

Cerritos, California, United States
American Racing Equipment is a producer of lightweight, high performance aftermarket wheels under the American Racing brand (American Racing Vintage, American Racing Pro Series, American Racing Muscle) as well as related brand lines including Twenty Inches Strong, Motegi Racing, Motto, Riax Performance Alloys, and RO-JA Motorsports.
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Buyer Overview 1

Buyer

Wheel Pros

Greenwood Village, Colorado, United States

Category Company
Founded 1995
Sector Automotive
DESCRIPTION

Wheel Pros is a designer, marketer, and distributor of branded automotive aftermarket wheels, performance tires, and accessories. Wheel Pros was founded in 1995 and is based in Greenwood Village, Colorado.


Deal Context for Buyer #
Overall 1 of 13
Sector: Automotive 1 of 13
Type: Merger 1 of 2
State: California 1 of 8
Country: United States 1 of 12
Year: 2008 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-01 TGC Components

Grand Junction, Colorado, United States

Colorado Components is a manufacturer and distributor of aftermarket wheels, tires and wheel accessories for the powersports and golf cart markets.

Buy -

Seller Profile 1

SELLER

Platinum Equity

Beverly Hills, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 50.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Platinum Equity's headquarters in Beverly Hills, California.
Platinum Equity's headquarters in Beverly Hills, California.

Platinum Equity is a private equity firm focused on acquiring divestitures of larger public companies primarily in North America and Europe. Historically, Platinum targeted technology/software related businesses, however, the firm has since branched out beyond tech and will consider acquisitions in a broad range of industries including chemicals, communications, logistics, healthcare, automotive, industrial products, and business services. Platinum Equity was formed in 1995 by Tom Gores and is based in Beverly Hills, California.


Deal Context for Seller #
Overall 6 of 86
Sector: Automotive 1 of 3
Type: Merger 1 of 4
State: California 1 of 6
Country: United States 5 of 71
Year: 2008 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-09 Wheel Pros

Greenwood Village, Colorado, United States

Wheel Pros is a designer, marketer, and distributor of branded automotive aftermarket wheels, performance tires, and accessories. Wheel Pros was founded in 1995 and is based in Greenwood Village, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-17 PNA Group

Atlanta, Georgia, United States

PNA Group processes steel and distributes it to fabricators, manufacturers and distributors, primarily in the United States.

Sell $1.1B