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Irving Place Capital, Company Leadership Close Acquisition of Coker Tire
Thursday 06 December 2018

6 December 2018 - US-based private equity firm Irving Place Capital has closed its acquisition of the Coker Group, in partnership with Coker president and CEO, Wade Kawasaki, and the current Coker Group leadership team, the firm said.

The Coker Group consists of the Coker Tire, Wheel Vintiques, Universal Vintage Tire, Phoenix Race Tires, Specialty Wheel and Roadster Wire Wheel brands.

Tennessee-based Coker Tire Company is the world's largest manufacturer/supplier of collector vehicle tires and motorcycle tires, with distributors in more than 30 countries.

This sale comes after five years of continuous growth for the Coker Group under Kawasaki, who will remain at the helm of the company.

The Coker Group will continue to operate with the same leadership team and staff that helped drive that growth, while expanding both its range of products and its portfolio of companies.

Irving Place Capital is an active investor in the industrial sector.

It is currently the majority owner of another vehicle aftermarket company, Dynojet Research, which is a leading manufacturer of innovative, performance products for powersport vehicles including motorcycles, UTVs and snowmobiles.

Since its founding in 1997, Irving Place Capital has invested in over 60 portfolio companies.
Details
Date Published: 06/12/2018
Target: Coker Group
Country: USA
Sector: Motor Vehicles
Type: MBO
Financing:
Status: Closed
Vendor:
Buyer: Irving Place Capital, Wade Kawasaki and current Coker Group leadership
Comment:
Terms of the deal were not disclosed

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