RANDY’s Worldwide Automotive, a portfolio company of Linsalata Capital Partners, has acquired Zumbrota Bearing & Gear. No financial terms were disclosed. Based in Zumbrota, Minnesota, ZBAG is a provider of differential, transfer case and manual transmission components and remanufactured units.
Cleveland, Ohio (April 27, 2017) – Linsalata Capital Partners (“LinCap”), a leading middle market private equity firm based in Cleveland, Ohio, announced the acquisition of Zumbrota Bearing & Gear (“ZBAG”) by its portfolio company, RANDYS Worldwide Automotive (“RANDYS Worldwide”). The acquisition closed April 13, 2017. Terms of the transaction are not being disclosed.
RANDYS Worldwide, headquartered in Everett, Washington, is a leading supplier of highly engineered performance and OE replacement driveline parts for domestic cars, SUVs and light-duty pickup trucks.
ZBAG is located in Zumbrota, Minnesota and is a leading supplier of differential, transfer case and manual transmission components and remanufactured units.
“We are pleased to close our first acquisition for the RANDYS Worldwide platform which will significantly extend the Company’s product breadth and geographical reach,” said James Guddy, Principal of LinCap. “This acquisition advances the Company’s position as a leader in the automotive aftermarket and we continue to seek opportunities to further build the RANDYS Worldwide platform.”
Kevin Kaestner, President and CEO of RANDYS Worldwide, commented “With two incredible performance and OE replacement brands and the Diff Wizard search portal under the RANDYS Worldwide banner, we are excited to add ZBAG to our family of driveline products. With the recent launch of Yukon Performance and USA Standard LinCap Portfolio Company Acquires ZBAG
OE replacement driveshafts, we are a more complete undercar leader in all driveline parts. Our interest in ZBAG stems from their commitment to providing quality remanufactured units and replacement products. These product offerings, supported by amazing customer service and technical industry expertise, will continue to build RANDYS Worldwide as a leader in undercar driveline products.”
About Linsalata Capital Partners
Linsalata Capital Partners, located in the Cleveland, Ohio suburb of Mayfield Heights, was founded in 1984 and has combined its strong financial capabilities with extensive operational experience to accelerate the growth of middle market companies. In more than 33 years of investing, the firm has completed 113 buy-side transactions totaling nearly $4 billion. Linsalata Capital Partners is currently investing from its seventh fund, Linsalata Capital Partners Fund VI, L.P., with $427 million in committed equity capital. For more information, please visit www.linsalatacapital.com.