Irving Place Capital and New Value Capital have closed its buy of Las Vegas-based Dynojet Research Inc, a maker of aftermarket performance-enhancing parts and accessories as well as diagnostic equipment for the powersports industry. No financial terms were disclosed.
NEW YORK–(BUSINESS WIRE)–Irving Place Capital (“IPC”), a middle-market private equity firm, and New Value Capital (“NVC”), an operationally-oriented private equity firm, today announced that they have completed the acquisition of Dynojet Research, Inc. (“Dynojet”), a leading manufacturer of aftermarket performance-enhancing parts and accessories as well as diagnostic equipment for the powersports industry. Terms of the transaction were not disclosed.
Founded in 1972, Dynojet provides a broad range of innovative, performance products for powersport vehicles, including motorcycles, ATVs, snowmobiles and automobiles. The company’s product offering includes fuel management solutions that optimize engine performance and efficiency, diagnostic equipment and ignition products and coils. Dynojet is headquartered in Las Vegas, Nevada and maintains a manufacturing facility in Belgrade, Montana and a sales office and warehouse in Holland.
“Dynojet has a long and successful track record of developing innovative, performance-enhancing products that address the needs of enthusiast vehicle owners,” said Phil Carpenter, Co-Managing Partner of IPC. “We are excited to be partnering with the management team and New Value Capital to continue to build Dynojet’s well-recognized brand and portfolio of market leading products.”
“For over 40 years, Dynojet has provided technically advanced products to improve engine performance and outstanding support to a committed and loyal customer base,” said Robert Vlcek, Dynojet’s Chief Executive Officer. “Our new partnership with Irving Place Capital and New Value Capital provides us with greater resources and capabilities to continue to advance our technical expertise and supply innovative new products to end users.”
Paul Lehman, Partner of NVC, said, “I am thrilled to partner with Dynojet and IPC, both firms with which I have enjoyed a long-standing relationship. Dynojet has tremendous potential and is attractively positioned as the market leader across its product categories. I look forward to working with Robert and the rest of the Dynojet team to accelerate the company’s next phase of growth.”
About Dynojet Research, Inc.
Established in 1972, Dynojet Research, Inc. is a leading manufacturer of aftermarket performance-enhancing parts and accessories as well as diagnostic equipment for the powersports industry. Dynojet is headquartered in Las Vegas, Nevada and maintains locations in Montana and Holland. Dynojet’s products are sold globally through a network of distributors and dealers. For more information, please visit www.dynojet.com.
About Irving Place Capital
Since its founding in 1997, IPC has invested in over 60 portfolio companies, primarily in the industrial, packaging, consumer and retail industries. The firm focuses on making control or entrepreneur-driven investments where it can apply its substantial operating and strategic resources and expertise to enhance value. IPC has successfully executed a broad range of transactions, including buyouts, recapitalizations, build-ups, corporate divestitures, take-privates and distressed-to-control situations. IPC generally seeks to invest in companies headquartered in North America or Western Europe. More information about Irving Place Capital is available at www.irvingplacecapital.com.
About New Value Capital
NVC is a private equity firm that invests in branded, enthusiast businesses. NVC has an operational focus and works alongside executives and entrepreneurs to grow and improve passion-based, high-affinity consumer products. More information about New Value Capital is available at www.newvaluecapital.com.