Antares Capital Supports Kinderhook Industries’ Acquisition of Performance Motorsports International and Subsequent Formation of Race Winning Brands

CHICAGO--()--Antares Capital announced today it is serving as administrative agent and joint lead arranger on a $115 million senior secured credit facility to support the formation of a new performance parts platform, Race Winning Brands (RWB) through the acquisition of Performance Motorsports International (PMI) by Kinderhook Industries, LLC (Kinderhook).

Headquartered in Mentor, OH, Race Winning Brands is a leading manufacturer of performance and racing pistons and related engine components for the automotive and powersports performance markets. The Company markets its products internationally through several highly recognized brands including JE Pistons, Wiseco Performance Products, K1 Technologies, Innovate Motorsports, and ProX Racing Parts.

“Antares understands our investment thesis and financing needs given their experience supporting us on prior automotive aftermarket deals,” said Paul Cifelli, managing director for Kinderhook. “As in prior transactions, the Antares team was reliable and flexible throughout the process.”

“We are proud to support Kinderhook in this transaction marking their 40th automotive aftermarket acquisition,” said Doug Cannaliato, senior managing director for Antares. “With a focus on innovation, quality and customer service, PMI is a market leader with a long history of manufacturing premium products. Now as part of RWB, we look forward to witnessing the continued growth Kinderhook can help the company achieve through their expertise and broad network of operating partners.”

About Kinderhook Industries, LLC

Kinderhook Industries, LLC is a private investment firm that manages over $2.0 billion of committed capital. We have made in excess of 150 investments and follow-on acquisitions since inception. Kinderhook’s investment philosophy is predicated on matching unique, growth-oriented investment opportunities with exceptional financial expertise and our proprietary network of operating partners. Our focus is on middle market businesses with defensible niche market positioning in the healthcare services, environmental / business services and automotive / light manufacturing sectors. We have a track record of successfully and consistently building industry leaders. In addition, Kinderhook is a licensed Small Business Investment Company (SBIC) with the U.S. Small Business Administration. For more information: please visit: www.kinderhook.com

About Antares Capital

Antares Capital is a leading provider of financing solutions for middle-market, private equity-backed transactions with offices in Atlanta, Chicago, Los Angeles, New York, Norwalk (Connecticut) and Toronto. Antares issued more than $18 billion in financing during 2016, and was named 2015 Dealmakers of the Year and 2014 Lender of the Year by Mergers & Acquisitions. Visit us at www.antares.com or follow Antares Capital on Twitter at https://www.twitter.com/antarescapital. Antares Capital is a subsidiary of Antares Holdings LP.

Contacts

Antares Capital
Allison Perkins, 475-266-8039
allison.perkins@antares.com

Contacts

Antares Capital
Allison Perkins, 475-266-8039
allison.perkins@antares.com