Dubin Clark Closes First EMPI Add-On

EMPI, a portfolio company of Dubin Clark, has acquired 034Motorsport. This is the first add-on for EMPI since being acquired by Dubin Clark in October 2018.

034Motorsport is a provider of track-proven and street-friendly performance parts, tuning, and service upgrades for Audi and Volkswagen enthusiasts. The company’s in-stock factory replacement parts and aftermarket components are typically shipped within one business day.

034Motorsport was founded by President Javad Shadzi in 2005 and is headquartered in Fremont, California.

“034Motorsport and EMPI offer the ideal combination of a shared passion, philosophy and focus on innovation,” said Mr. Shadzi. “We are excited to join the EMPI family, while we will continue to focus on design, test and build of the latest in world-class performance products, complemented with a wide range of factory replacement parts and aftermarket components for Audi and Volkswagen vehicles.”

EMPI (originally European Motor Parts Inc.) is a light manufacturer, branded reseller, and warehouse distributor of aftermarket automotive parts, with a focus on parts for European vehicles. The company’s products include tires, wheels, brakes, carburetor sets, exhaust systems, fuel intake systems, and driveline products. EMPI was founded in 1956 and is headquartered in Anaheim, California.

“EMPI is committed to air-cooled VW’s while expanding its product offering to include a wide range of water-cooled VW products and Porsche performance parts,” said Peter Guile, interim CEO of EMPI.  “The addition of 034Motorsport to the EMPI family of brands reinforces our mission to fuel enthusiast’s passion from classic Bug owners to contemporary performance vehicles.”

“We’re excited to welcome Javad and 034Motorsport to the EMPI family,” said Matt Broullire, a vice president of Dubin Clark. “034’s focus on producing best-in-class aftermarket parts for Audi and VW enthusiasts marries well with EMPI’s commitment to provide quality and growth to the enthusiast hobby.” Dubin Clark is actively seeking additional add-on investments for EMPI.

Dubin Clark invests in companies that have from $10 million to $100 million in sales and adjusted EBITDA margins of greater than 10%. Sectors of interest include branded consumer, niche industrial manufacturers, and specialty services. Dubin Clark was founded in 1984 and has offices in Boston, Massachusetts and Jacksonville Beach, Florida.

© 2019 Private Equity Professional | November 15, 2019

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