Kinderhook buys Performance Motorsports
Kinderhook Industries LLC said Feb. 14 that it acquired Performance Motorsports International from Dover Corp and is forming a new performance parts platform, Race Winning Brands. Dover said it sold Performance Motorsports for $150 million, which includes its retention of a minority stake in the company. Performance Motorsports, of Mentor, Ohio, makes pistons and other engine related components for the motorsports and powersports markets. Antares Capital, Varagon Capital Partners, Madison Capital, and NewStar Financial are providing financing. Kirkland & Ellis LLP served as legal counsel to Kinderhook.
15 February 2017•4 mins read
