News

Race Winning Brands Acquires Diamond Pistons and Trend Performance Products

March 31, 2017

New York, NY – Race Winning Brands, Inc. (“Race Winning Brands”, “RWB” or the “Company”), a portfolio company of Kinderhook Industries, LLC (“Kinderhook”) announced today the acquisition of Diamond Pistons and Trend Performance Products, two manufacturers of high-performance engine components for the automotive performance market. Diamond Pistons and Trend Performance Products represents the first add-on acquisition for RWB and Kinderhook’s 45th automotive related transaction. Financial terms of the transaction were not disclosed.
 
Headquartered in Mentor, Ohio, Race Winning Brands is a leading manufacturer of performance and racing pistons and related engine components for the automotive and powersports performance markets. The Company markets its products internationally through several highly recognized brands including JE Pistons, Wiseco Performance Products, K1 Technologies, Innovate Motorsports, and ProX Racing Parts.
 
Based in Clinton, Michigan, Diamond Pistons is a manufacturer of custom high-performance automotive pistons and is a recognized brand that serves a variety of customers across automotive racing and enthusiast customers. Trend Performance is a leading manufacturer of high performance valvetrain and internal engine components including pushrods and wrist pins.
 
The acquisition reflects Race Winning Brands’ priority of growing both organically and through acquisitions in the automotive and powersports performance markets. The Company continues to invest in brand development and new product innovation, while evaluating opportunities to expand into adjacent and new product categories.
 
“Diamond Pistons has firmly established itself as a trail-blazer in the high performance piston market. We are very excited to add them to the RWB family while retaining their winning strategy that puts customers and flexibility as top priorities. The acquisition of both Diamond Pistons and Trend Performance complements RWB’s existing portfolio of brands and is in line with the Company’s commitment to deliver the highest-quality products to its customers.” said RWB CEO, Brian Reese.
 
Tom Tuttle, Managing Director of Kinderhook Industries, stated, "We are very excited that Diamond Pistons has joined the Race Winning Brands and Kinderhook families and look forward to executing against our long-term strategic objectives together. The acquisition of Diamond Pistons further strengthens the RWB platform as the Company continues to expand its portfolio of high-performance products."
 
Kirkland & Ellis LLP served as legal counsel to Race Winning Brands.
 
 
About Kinderhook Industries
Kinderhook Industries, LLC is a private investment firm that manages over $2.0 billion of committed capital. We have made in excess of 150 investments and follow-on acquisitions since inception. Kinderhook’s investment philosophy is predicated on matching unique, growth-oriented investment opportunities with exceptional financial expertise and our proprietary network of operating partners. Our focus is on middle market businesses with defensible niche market positioning in the healthcare services, environmental / business services and automotive / light manufacturing sectors. We have a track record of successfully and consistently building industry leaders. In addition, Kinderhook is a licensed Small Business Investment Company (SBIC) with the U.S. Small Business Administration.
 
For more information, please visit: www.kinderhook.com
 
About Race Winning Brands
Headquartered in Mentor, OH, Race Winning Brands is a leading manufacturer of high performance parts sold to the automotive and powersports markets. The Company is a leading supplier for high end pistons, as well as connecting rods, crankshafts, electronics, and other engine related components. RWB markets its products through several highly recognized brands including JE Pistons, Wiseco Performance Products, K1 Technologies, Innovate Motorsports, and ProX Racing Parts. RWB sells to a diverse and unmatched customer base of professional and sportsman racers, engine builders, enthusiasts, street performance racers, OEM crate engine builders, and automotive and powersports wholesale distributors. With its differentiated value proposition, RWB has established broad coverage across both automotive and powersports applications and channels, with sales offices in strategic locations throughout the US, Canada, and Europe.
 
For more information please visit: www.pmi-brands.com; www.wiseco.com; www.jepistons.com; www.pro-x.com; www.k1technologies.com; and www.innovatemotorsports.com
 
About Diamond Pistons
Headquartered in Charter Township of Clinton, Michigan, Trend Performance Products, Inc. (d/b/a as Trend Performance and Diamond Pistons) is a manufacturer of custom high-performance automotive pistons, pushrods, wrist pins, and other engine-related components.
 
For more information, please visit: www.diamondracing.net; and www.trendperform.com