Race Winning Brands Adds Rekluse
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Race Winning Brands Adds Rekluse

Race Winning Brands, a portfolio company of Kinderhook Industries, has acquired Rekluse, a maker of high-performance clutches for the powersports market.

Rekluse manufactures both automatic and manual clutch products that are used by professionals and amateurs in both dirt and street motorcycles as well as ATVs. The company’s products are precision-engineered and made of high-quality billet aluminum to provide the best in performance and durability. Rekluse was founded in 2002 by Al Youngwerth and is headquartered in Boise, ID (www.rekluse.com).

“Rekluse is a technology and market leader that fits perfectly within the Race Winning Brands portfolio,” said Brian Reese, Chief Executive Officer of Race Winning Brands. “We expect Rekluse to accelerate further innovation and growth as we add this exciting brand into our already dynamic portfolio. This acquisition is a reinvigorating demonstration of our commitment to lead the powersports market.”

Race Winning Brands (RWB) was formed in February 2017 to facilitate the buy of Performance Motorsports International from publicly-traded Dover Corporation for total consideration of $150 million. As part of that transaction, Dover agreed to have a minority equity ownership interest in RWB.

Race Winning Brands is a manufacturer of performance and racing pistons as well as connecting rods, crankshafts, electronics, and other engine related components. The company sells its products to the automotive and powersports performance markets under several brands including JE Pistons, Wiseco Performance Products, Diamond Pistons, Trend Performance, K1 Technologies and ProX Racing Parts. Customers include professional and sportsman racers, engine builders, enthusiasts, street performance racers, OEM crate engine builders, and automotive and powersports wholesale distributors. The company is headquartered east of Cleveland in Mentor, OH (www.racewinningbrands.com).

The buy of Rekluse is the second add-on acquisition for RWB. The first add-on acquisition was the April 2017 buy of sister companies Diamond Pistons and Trend Performance, manufacturers of high-performance engine components.

Kinderhook makes control investments in companies with transaction values of $25 million to $150 million in which the firm can achieve financial, operational and growth improvements. The firm makes investments in non-core divisions of public companies, management buyouts of entrepreneurial-owned businesses, troubled situations, and existing small capitalization companies lacking institutional support. Sectors of interest include healthcare services, environmental/business services, and automotive/light manufacturing. Kinderhook was founded in 2003 and is based in New York (www.kinderhook.com).

© 2018 Private Equity Professional | April 5, 2018

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