Race Winning Brands Acquires Diamond Pistons and Trend Performance Products
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.