Kinderhook Adds Again to RWB

Race Winning Brands, a portfolio company of Kinderhook Industries, has acquired Falicon Crankshafts Components.

Falicon is a manufacturer of high-performance powersports engine components including crankshafts, connecting rods, camshaft sprockets and racing clutches. The company was founded in 1977 and is headquartered in Clearwater, FL (www.faliconcranks.com).Falicon’s former owner, Glenn Salpaka, will continue to play a role within the organization as Technical and Operations consultant. “I’m excited about the future of Falicon,” said Mr. Salpaka. “The Race Winning Brands team possesses extensive industry experience and resources which will be extremely beneficial for not only Falicon, but our customers. Together, we plan to expand our customer service, capabilities, and technology.”

Race Winning Brands (RWB) 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, K1 Technologies, Diamond Pistons, Trend Performance, Dart Machinery, Rekluse Motor Sports 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, led by CEO Brian Reese, is headquartered east of Cleveland in Mentor, OH (www.racewinningbrands.com).

“For decades, Falicon has been known to the powersports racing community as a trusted brand and high-quality manufacturer of crankshafts and connecting rods,” said Mr. Reese. “Falicon products fit perfectly into our engine parts focused strategy. We have already begun investing in the expansion of Falicon’s capabilities and look forward to expanding their offerings quickly. In support of this strategy, we’re updating the business name to Falicon Racing.”

The buy of Falicon is the fourth add-on acquisition for Race Winning Brands. In April 2017 the company acquired sister companies Diamond Pistons and Trend Performance, manufacturers of high-performance engine components; in April 2018 it acquired Rekluse, a maker of high-performance clutches for the powersports market; and in August 2018 it acquired Dart Machinery, a maker of high-performance engine blocks, cylinder heads and intake manifolds.

“We are excited about Race Winning Brands adding another premium powersports brand to its stable of branded products,” said Tom Tuttle, Managing Director of Kinderhook Industries. “The strong strategic fit will enable RWB to leverage growth and expansion across the market.”

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 | November 7, 2018

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