Richmond Gear, located in Liberty, SC, manufactures ring & pinions, transmissions and traction control devices for the Racing, Hi-Performance and Off-Road aftermarkets. “We are very excited to add the Richmond Gear, Powertrax and Lock-Right product groups to our Light Duty and Hi-Performance divisions. The combination of Motive Gear, Motive Gear Performance, Ten Factory, Richmond Gear, Powertrax and Lock-Right creates a synergy that will be unmatched in the aftermarket”, said Mark Chudacoff, president and CEO of Midwest Truck & Auto Parts, Inc., headquartered in Chicago, IL. “This acquisition strengthens our position as the worldwide leader in the Racing, Hi-Performance and Off-Road aftermarkets.”

This transaction represents another example of Capstone’s expertise in identifying value and synergies in the auto aftermarket industry.

About Capstone Financial Group
(www.capfg.com)

Founded in 1988, Capstone is an investment banking firm which provides financial advisory services to middle-market companies, including mergers and acquisitions, distressed advisory and restructuring.

For more information about this transaction, please contact:

Graham Payne ( gpayne@capfg.com )
Capstone Financial Group
T (843) 689-6450
F (843) 681-5938