PE-backed EMPI buys RacingLine

EMPI, which is backed by Dubin Clark, has acquired UK-based RacingLine, a provider of aftermarket automotive parts with a focus on parts for European vehicles.

EMPI, which is backed by Dubin Clark, has acquired UK-based RacingLine, a provider of aftermarket automotive parts with a focus on parts for European vehicles. No financial terms were disclosed.

PRESS RELEASE

ANAHEIM, CA – Dubin Clark, a private equity firm with offices in Boston, Mass. and Jacksonville, Fla., announced that one of its portfolio companies, EMPI, has acquired RacingLine Group (“RacingLine”). EMPI is a niche market leader in aftermarket automotive parts with a focus on parts for European vehicles. RacingLine Group is a well-known and fast-growing provider of premium, branded, high-performance parts and software for Volkswagen and Audi vehicles as well as related programs and events. The acquisition builds the platform for an unrivalled partnership of specialist automotive brands, collectively Euro Motorparts Group (“EMP”).

RacingLine was founded in 1997 and is headquartered in Milton Keynes, United Kingdom. It is best known for its Performance Parts and Software division, which was built from the company’s original Volkswagen Racing motorsport program and offers premium, branded, high-performance parts and software for Volkswagen and Audi vehicles.

RacingLine also includes an Events division, which delivers premium corporate events for the automotive sector, and a Motorsport and Automotive Services division, which manages the FIA Formula 4 Championship in the United Kingdom. RacingLine has a strong reputation for delivering exceptional products and services, which is driven by the deep understanding of all aspects of the automotive sector amongst its team of experienced professionals.

EMP Group’s CEO Peter Guile commented on the transaction, “RacingLine is the perfect addition to the EMP family. As an established business with a 50+ year history, EMP Group has the resources that will allow RacingLine to accelerate product innovation and enhance logistics and product fulfilment. The positioning of RacingLine alongside our recent acquisition – 034Motorsport – and the entire EMP family of brands reinforces our mission to fuel enthusiast’s passion – from classic VWs right through to contemporary performance vehicles. It’s a perfect fit that allows the whole to be much more than the individual parts.”

RacingLine’s Managing Director, Sam Roach, added, “We’re proud of the rapid growth that our company has enjoyed over the past five years. Through this transaction, we can access resources to continue our momentum, and the ‘powerhouse’ partnership with EMPI and 034Motorsport will deliver multiple opportunities to enhance our capabilities to excite and delight our customers. For us, it’s the right step, at the right time, with the right partners.”

“We are excited to add the RacingLine team and products to the EMP family,” said Matt Broullire, Vice President at Dubin Clark. “RacingLine’s reputation for delivering exceptional products and services as well as the team’s remarkable level of experience and expertise makes it an excellent fit alongside 034Motorsport at EMP.”

About Dubin Clark
Dubin Clark is a private equity firm with offices in Boston, MA and Jacksonville, FL. The Dubin Clark team is led by experienced private equity professionals who bring decades of success in lower middle market investing. Dubin Clark targets lead or control investments in branded niche manufacturing and specialty services segments with at least $10 million in sales (smaller for add-ons). The firm’s mission is to create value by helping portfolio companies grow through a coordinated approach that includes providing the capital necessary to support internal growth, completing complementary add-on acquisitions to build market position, and helping to develop new strategies for the future while protecting the independence, culture and values that made the company successful. For additional information, visit www.dubinclark.com.

About Euro Motorparts Group (EMP)
Whilst EMP Group is a new name in the automotive aftermarket, it brings a 50-year pedigree derived from its leading portfolio of brands, including: EMPI Inc, JayCee Enterprises, 034Motorsport alongside its newest member the RacingLine Group of companies.

About EMPI
EMPI, founded in 1956 and headquartered in Anaheim, California, is a light manufacturer, branded re-seller, and warehouse distributor of aftermarket automotive parts, with a focus on parts for European vehicles. EMPI distributes a wide breadth of automotive parts, including tires, wheels, brakes, carburetor sets, exhaust systems, fuel intake systems, driveline products, and more. For additional information, visit www.empius.com.

About RacingLine Group
RacingLine Group, founded in 1997 and headquartered in Milton Keynes, United Kingdom, is comprised of four divisions. The group is best known around the world for its fast-growing Performance Parts and Software division, which offers premium branded, high-performance parts and software for Volkswagen and Audi vehicles. RacingLine also includes an Events division, which delivers premium corporate events each year for the automotive sector, and a Motorsport and Automotive Services division, which manages the FIA Formula 4 Championship in the United Kingdom.
For additional information, visit www.racinglinegroup.com.