Kinderhook-backed Race Winning Brands acquires Rekluse


Race Winning Brands Inc, a portfolio company of Kinderhook Industries Inc, has acquired Boise, Idaho-based Rekluse, a maker of of high-performance clutches and clutch products for the powersports market. No financial terms were disclosed.

PRESS RELEASE

Mentor, OH – Race Winning Brands, Inc., (“Race Winning Brands”, “RWB”, or the “Company”) a portfolio company of Kinderhook Industries, LLC (“Kinderhook”) is pleased to announce the acquisition of Rekluse, an industry leader and prominent manufacturer of high-performance clutches and clutch products for the powersports market. Rekluse represents the second add-on acquisition for Race Winning Brands and Kinderhook’s 51st automotive related transaction. Financial terms of the transaction were not disclosed.

Race Winning Brands is a leading manufacturer of high-performance and racing-application focused components for the powersports and motorsports performance aftermarkets. RWB is headquartered in Mentor, Ohio and markets its products globally through a portfolio of leading brands including JE Pistons, Wiseco Performance Products, Diamond Pistons, Trend Performance, K1 Technologies and ProX Racing Parts.

“Rekluse is a technology and market leader that fits perfectly within the Race Winning Brands portfolio,” commented Brian Reese, Chief Executive Officer of Race Winning Brands. “We expect Rekluse to accelerate further innovation and growth as we add this exciting brand into our already dynamic portfolio. This acquisition is a reinvigorating demonstration of our commitment to lead the powersports market.”

“I’m excited about the opportunity for Rekluse to join the Race Winning Brands family,” commented Rekluse Founder Al Youngwerth, who will continue his passion for innovation as part of the RWB leadership team. “I’m thrilled to play a key role in taking Rekluse through a new phase of growth and to join such an experienced leadership team with a deep and proud history in powersports. We expect this decision will have an immediate, positive and measureable impact for the Rekluse brand.”

Founded in 2002 from personal inspiration and collective vision, Rekluse, one of the most innovative and iconic brands in powersports, changed the game in both automatic and manual clutch performance technology. Riders across a host of both professional and amateur disciplines turn to Rekluse to reduce lap times and endure the rigors of racing while connecting power to the ground. Racers and riders of all levels look to Rekluse for an improved riding experience and enhanced performance.

Rekluse will continue to operate from its Boise, Idaho headquarters, where all products are proudly designed, developed and manufactured in its state-of-the-art facility.

About Kinderhook Industries:
Kinderhook Industries, LLC is a private investment firm that manages over $2.0 billion of committed capital. We have made in excess of 150 investments and follow-on acquisitions since inception. Kinderhook’s investment philosophy is predicated on matching unique, growth-oriented investment opportunities with exceptional financial expertise and our proprietary network of operating partners. Our focus is on middle market businesses with defensible niche market positioning in the healthcare services, environmental / business services and automotive / light manufacturing sectors. We have a track record of successfully and consistently building industry leaders.

For more information, please visit: www.kinderhook.com

About Race Winning Brands:
Race Winning Brands (RWB) is a leading manufacturer of high-performance parts sold to the automotive and powersports aftermarkets. RWB is a leading supplier for high-end pistons, as well as connecting rods, crankshafts, and other engine and driveline related components. RWB markets its products through several highly-recognized brands including JE Pistons, Wiseco Performance Products, K1 Technologies, Diamond Pistons, Trend Performance, Rekluse and ProX Racing Parts. RWB sells to a diverse and unmatched customer base of professional and sportsman racers, engine builders, enthusiasts, street performance racers, OEM crate engine builders, and automotive and powersports wholesale distributors. With its differentiated leadership value proposition, RWB has established broad coverage across both automotive and powersports applications and channels, with sales offices and manufacturing operations in strategic locations throughout the United State, Canada, and Europe.

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