MiddleGround Capital / Race Winning Brands Acquires TMG Performance Products

MiddleGround Capital Acquires Race Winning Brands from Kinderhook

November 23, 2021

Automotive

MiddleGround Capital has acquired Race Winning Brands (RWB) from Kinderhook Industries; financial terms were not disclosed. RWB, headquartered in Mentor, Ohio, is a leading manufacturer and distributor of high-performance automotive and powersports engine components, and MiddleGround intends to support growth through new product development and complementary acquisitions.

Race Winning Brands (MiddleGround Capital) Acquires TPT Solutions

April 21, 2022

Automotive

Race Winning Brands, a platform company backed by MiddleGround Capital, has acquired TPT Solutions, the owner of TransGo, RevMax and Transmission Specialties. The transaction is an add-on to the Race Winning Brands platform and expands the platform's transmission-focused aftermarket product capabilities; terms were not disclosed. Prestwick served as exclusive advisor to TPT Solutions and its sponsor Five Points Capital.

MiddleGround Capital / Race Winning Brands Acquires Haltech Engine Management Systems

May 13, 2022

Automotive

MiddleGround Capital, via its platform Race Winning Brands (RWB), has acquired Haltech Engine Management Systems, an Australian designer, manufacturer and distributor of automotive aftermarket engine management electronics. The transaction is RWB's third add-on since MiddleGround acquired the platform and expands RWB's product capabilities and international footprint by adding an Australian base of operations.

Race Winning Brands Acquires Manley Performance Products

February 25, 2020

Manufacturing

Race Winning Brands, a portfolio company of Kinderhook Industries, has acquired Manley Performance Products, a manufacturer of high-performance pistons, connecting rods, crankshafts and valvetrain components. The acquisition strengthens RWB's performance product portfolio and expands its manufacturing capabilities in the automotive and powersports aftermarket.

MiddleGround Capital Acquires Xtrac

July 31, 2023

Manufacturing

MiddleGround Capital's European office has completed its first platform acquisition with the purchase of Xtrac, a leading manufacturer of high-performance transmissions for motorsport and specialist automotive applications. The deal gives MiddleGround a platform in the UK manufacturing space to support Xtrac's growth across motorsport, high-performance automotive and OEM markets, and to accelerate capabilities for hybrid and electric drivetrains.

Mittler Brothers Machine & Tool Acquires Tanner Racing Products, Inc.

April 1, 2019

Manufacturing

Mittler Brothers Machine & Tool has acquired Tanner Racing Products, Inc.; Capstone Strategic served as M&A advisor to Mittler Brothers on the transaction. Tanner Racing Products, a manufacturer and distributor of motorsports products formerly of Auburn, Washington, will continue under founder Kelly Tanner and will be headquartered in Foristell while maintaining facilities in Auburn.