RANDYS Worldwide Automotive, a portfolio company of Linsalata Capital Partners, has acquired Zumbrota Bearing & Gear. RANDYS was acquired by Linsalata in May 2015.
Zumbrota Bearing & Gear (ZBAG) is a supplier of new, used, and remanufactured manual transmissions, transfer cases, and differentials. The company also provides components for rebuilding and repair. ZBAG, with approximately 40 employees, has a 60,000 square foot manufacturing facility and headquarters in Zumbrota, MN (www.zbag.com).
RANDYS is a provider of differentials, ring & pinion and axle products that are used to improve the towing and traction performance of a vehicle. The company sells over 6,000 SKU’s under the Yukon and USA Standard brands to a customer base of 20,000 installers, distributors and retailers serving the repair, off-road and performance segments. RANDYS is led by its President and CEO Kevin Kaestner, and is headquartered in Everett, WA (www.ringpinion.com).
“We are pleased to close our first acquisition for the RANDYS Worldwide platform which will significantly extend the company’s product breadth and geographical reach,” said James Guddy, Principal of Linsalata Capital Partners. “This acquisition advances the company’s position as a leader in the automotive aftermarket and we continue to seek opportunities to further build the RANDYS Worldwide platform.”
Linsalata Capital Partners invests from $10 million to $50 million of equity in middle market companies that have $7 million to $50 million of EBITDA and at least $300 million in enterprise value. The firm is currently investing from its seventh fund, Linsalata Capital Partners Fund VI, LP, with $427 million in committed equity capital. The firm was founded in 1984 and is based near Cleveland in Mayfield Heights, OH (www.linsalatacapital.com).
© 2017 Private Equity Professional | May 1, 2017
