Burnout Brands, a portfolio company of Hidden Harbor Capital Partners, has acquired BD Engine Brake Inc. (BD Diesel).
BD Diesel manufactures and distributes turbochargers, transmissions and other products used by diesel-powered vehicles. The company’s primary customers are North America-based diesel enthusiasts.
“We are thrilled to partner with Hidden Harbor. The existing owners will retain an ownership stake and are committed to delivering quality performance products to our customers and creating rewarding opportunities for our employees,” said Christian Roth, the CEO of BD Diesel.
“We are excited to partner with Christian and the rest of the BD Diesel team as we take on the next phase of growth together. There is a tremendous opportunity for BD Diesel to continue executing on its organic growth plan and to build the Burnout Brands platform through complementary M&A,” said Andrew Joy, a partner at Hidden Harbor.
Burnout Brands was formed by Hidden Harbor in June 2022 to acquire sister companies Monster Transmission LLC and Thor Convertors LLC (together Monster Transmission). The buy of Monster Transmission was the first acquisition for Hidden Harbor’s second fund which closed in January 2022 at an oversubscribed $450 million of capital.
Based north of Tampa in Brooksville, Florida, Monster Transmission, led by CEO Achilles Thomas, remanufactures and distributes performance transmissions and torque convertors with a focus on Ford, Dodge, and General Motors pickup trucks. The company’s products are sold through the direct-to-consumer channel.
“BD Diesel has consistently led the market in quality and new product development,” said Ben Koch, a vice president at Hidden Harbor. “We look forward to building on the legacy the BD Diesel team has established.”
Boca Raton-based Hidden Harbor makes investments in North American-based companies across a range of sectors with revenues between $50 million and $500 million and EBITDA up to $25 million.
Hidden Harbor was formed in May 2016 by John Caple, a former partner of Comvest Partners; David Block, the former CEO of Swiss Watch International and a former operating partner at H.I.G. Capital; and Christopher Paldino, a former managing director at H.I.G. Capital.
Hidden Harbor was advised William Blair, and Configure Partners provided debt advisory services on the buy of BD Diesel.
© 2022 Private Equity Professional | August 30, 2022
