- Benesch, Friedlander, Coplan & Aronoff LLP served as legal counsel to Gridiron
- Piper Sandler & Co. served as financial advisor to M&D and Akerman LLP served as legal counsel
- Gridiron Capital invests in middle-market companies
Gridiron Capital has made an investment in Texas-based Magneto & Diesel Holdings, a distributor and remanufacturer of mission-critical aftermarket parts for diesel engines. The seller was Warren Equity Partners. No financial terms were disclosed.
Kevin Jackson, a managing partner of Gridiron, said in a statement, “We are honored to partner with Grant and the broader M&D team to build on the company’s almost 80-year legacy of exceptional quality and service to the diesel engine aftermarket. The company is positioned as the partner of choice in a large and highly fragmented market, and we are excited to help the M&D team further accelerate growth. Our collective cultural alignment on Winning Together will allow all M&D team members to benefit from the company’s continued growth.”
Benesch, Friedlander, Coplan & Aronoff LLP served as legal counsel to Gridiron. Piper Sandler & Co. served as financial advisor to M&D, and Akerman LLP served as legal counsel.
Gridiron Capital invests in middle-market companies.