Race Winning Brands (MiddleGround Capital) Acquires TPT Solutions
April 21, 2022
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.
- Targets
- TPT Solutions
- Sellers
- Five Points Capital
- Platforms
- Race Winning Brands
- Industry
- Automotive
- Location
- United States
- Transaction Type
- Addon
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Race Winning Brands Acquires RevMax, TransGo and Transmission Specialties (TSI)
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Five Points Capital Recapitalizes TransGo
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Five Points Capital completed a recapitalization of TransGo, a Los Angeles–area specialty manufacturer of automotive transmission valve body parts, with Cascadia Capital acting as exclusive financial advisor to TransGo. A significant portion of the proceeds were distributed to selected charities and existing employees to honor the philanthropic legacy of TransGo’s late founder, Dr. Gilbert W. Younger.
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