After more than ten years of ownership, Dubin Clark has sold its portfolio company Driven Performance Brands to Sentinel Capital Partners.
Driven Performance Brands (DPB), acquired by Dubin Clark in July 2005, is a designer, manufacturer, marketer and distributor of specialty automotive aftermarket performance products. Brand names include B&M Racing and Performance Products, Hurst, Hurst Driveline Conversions, Flowmaster, and Dinan Engineering. The company was founded in 1953 and is headquartered north of San Francisco in Santa Rosa (www.dpbrands.com) (www.bmracing.com).
“We were delighted to enter into a partnership with Brian Appelgate, CEO of DPB, and his team in 2005,” said Tom Caracciolo, Managing Partner of Dubin Clark. “Together with management, we were successful in completing five strategic add-on acquisitions and building a world-class operation. Having exceeded our growth objectives, we felt the time had come to find another partner for DPB, one that would continue to finance the significant future growth of the business.”
Dubin Clark invests in companies that have from $10 million to $100 million in sales and at least $2 million of EBITDA. Sectors of interest include manufacturing, value-added distribution, and services. The firm was founded in 1984 and is based in Greenwich, CT (www.dubinclark.com).
“When we partnered with Dubin Clark we were convinced that we made the right choice for the best private equity partner,” said Brian Appelgate, President and CEO of DPB. “We were right. The team at Dubin Clark delivered everything that they said they would in every respect. They supported all of our growth initiatives as well as add-on acquisition executions. We found the Dubin Clark team to be professional but very caring and engaged. They proved to be a wonderful partner for us.”
Jefferies (www.jefferies.com) was the financial advisor to Driven Performance Brands and Dubin Clark.
© 2015 PEPD • Private Equity’s Leading News Magazine • 9-28-15
