Moblico Blog banner
Team Moblico

Team Moblico

MiddleGround Acquires Race Winning

Share on facebook
Share on twitter
Share on linkedin

Lexington, Kentucky-based MiddleGround Capital, a private equity firm that invests in middle market B2B industrial and specialty distribution companies, acquired Race Winning Brands.

RWB is a designer, manufacturer and distributor of branded automotive aftermarket and powersports aftermarket products for enthusiasts and racing consumers. The company consists of a 12-brand portfolio of high-performance aftermarket product categories, with applications across a diverse group of automotive and powersports vehicle segments.

Financial details of the acquisition were not disclosed.

MiddleGround has closed eight deals in the past 60 days with combined enterprise values of approximately $1.4 billion.

MiddleGround earlier this year raised over $1 billion for a second flagship fund and an overflow vehicle dedicated to the firm’s mobility strategy.

“We are very excited to be partnering with Bob Bruegging, Josh Vogel, and the rest of the Race Winning Brands team as we look to usher the company into its next stage of growth,” MiddleGround Founding Partner John Stewart said. “RWB has a strong culture of continuous improvement with a focus on new product development that allows the company to offer a wide breadth of innovative, customized, performance-enhancing products for its enthusiasts and customer base. We look forward to further enhancing RWB’s leading position in the market by leveraging the company’s engineering expertise, coupled with our Operation Team’s automotive aftermarket experience and network, to expand into new product and vehicle applications – both organically and through complementary acquisitions to the platform.”

The post MiddleGround Acquires Race Winning appeared first on Modern Distribution Management.

More to explorer

White Cap Acquires Ram Tool Cap Supply Holdings, LLC of Atlanta announced this week it has finalized an agreement to acquire Birmingham, Alabama based Ram Tool

Danfoss Announces Collaboration with FAMU-FSU College of Engineering and Florida State University have announced a multi-year collaboration in which Danfoss will fund scholarships and provide research opportunities for faculty

GPS Insight Acquires FieldAware Insight announced the acquisition of FieldAware, a made-for-mobile, cloud-based field service solutions.