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MiddleGround Capital Acquires Race Winning Brands
Friday 26 November 2021

Kentucky, US-based private equity firm MiddleGround Capital has acquired Ohio-based racing and high-performance parts provider Race Winning Brands (RWB) to expand into new product and vehicle applications, the company said.

Terms of the transaction were not disclosed.

MiddleGround has closed eight deals in the last 60 days with combined enterprise values of approximately USD 1.4bn. Earlier this year MiddleGround Capital raised over a bn dollars for its second flagship fund and an overflow vehicle dedicated to the firm's mobility strategy.

Race Winning Brands is a designer, manufacturer and distributor of branded automotive aftermarket and powersports aftermarket products for enthusiast and racing consumers.

RWB consists of a 12-brand portfolio of high-performance aftermarket product categories, with applications across a diverse group of automotive and powersports vehicle segments.

Kirkland and Ellis served as legal counsel to Race Winning Brands and Baker and McKenzie provided legal counsel to MiddleGround Capital in the transaction.

Race Winning Brands is a manufacturer and marketer of racing and high-performance engine components sold to the automotive and powersports markets.

MiddleGround Capital makes control equity investments in lower middle market B2B industrial and speciality distribution businesses.
Date Published: 26/11/2021