News
Radial Equity Partners Announces New Partnership with Moss Motors and Rimmer Bros
Goleta, California | Lincoln, United Kingdom, April 12, 2024 —
Radial Equity Partners (“Radial”) today announced simultaneous investments in Moss Motors (“Moss”) and Rimmer Bros (“Rimmer Bros”) to form a leading, global specialty supplier of restoration & replacement parts focused on British vehicle brands.
Moss is a U.S.-headquartered aftermarket supplier of parts for British cars, including Austin-Healey, Jaguar, MG and Triumph, as well as the Mazda MX-5. Founded in 1948, Moss offers a broad portfolio of over 50,000 SKUs to a variety of retail customers, wholesalers, and service operations worldwide. The company is headquartered in Goleta, CA and operates six facilities across the United States, United Kingdom (“UK”) and France.
Rimmer Bros is a UK-based supplier of replacement parts for UK marque vehicles, including Jaguar, Land Rover, MG, Mini, Rover and Triumph. Founded in 1982, Rimmer Bros maintains a comprehensive product library of over 50,000 SKUs sold primarily on a direct-to-consumer basis. The company operates a single site in Lincoln, UK.
Ed Moss, President of Moss, said, “We are pleased to partner with Radial, an experienced vehicle aftermarket investor, as we transition Moss from its third generation of family ownership. The Moss team is thrilled to be combining forces with Rimmer Bros to create a leading global supplier of replacement parts for British vehicles.”
Bill and Graham Rimmer, founders of Rimmer Bros, commented, “The merger of these highly complementary businesses creates a global business with immense R&D, sourcing, marketing and distribution capabilities to better serve our loyal customers.”
“We are excited by the opportunity to carry on the great legacies of these two family-owned businesses,” said Jim McDonough, Partner of Radial. “We are committed to continuing to provide leading service to customers as well as expanding the offering of parts solutions across existing British brands as well as new vehicle marques.”
The new platform represents a continuation of the Radial team’s focus on investing in the vehicle aftermarket, a key area of focus for the firm. The Radial team has completed investments across the performance, replacement and restoration categories of the vehicle aftermarket. The combination of Moss and Rimmer Bros represents the fourth platform investment the Radial team has led in the vehicle aftermarket.
About Moss Motors:
Moss is a provider of restoration and replacement parts for UK vehicles and the Mazda MX-5. Throughout its history, Moss has grown organically, through new product development as well as inorganically, through the completion of multiple acquisitions. The company has approximately 240 employees across its six operations in the U.S. and Europe. Moss serves more than 140,000 customers in over 100 countries globally. More information about Moss is available at www.mossmotors.com.
About Rimmer Bros:
Rimmer Bros is supplier of replacement and restoration parts for British marque vehicles. Originally focused on Triumph vehicles, Rimmer Bros has extended its range of vehicle applications over its 40-year history. The company has approximately 80 employees working out of its operation in Lincoln, UK. Rimmer Bros serves more than 100,000 customers in over 150 countries worldwide. More information about Rimmer Bros is available at https://rimmerbros.com/.
About Radial:
Radial is a private equity firm focused on investing in middle-market businesses serving consumer and industrial markets. Radial invests in businesses where the firm can apply relevant prior experience and a network of industry relationships to support its management teams. More information about Radial is available at www.radialequity.com.
Multi Parts Acquires American Chrome Company
Jupiter, FL January 9, 2024 —
Multi Parts (MPS) proudly announces a significant milestone in its journey of expansion and innovation with the acquisition of American Chrome Company (ACC), solidifying its commitment to delivering unparalleled quality and service to suppliers of vehicle aftermarket parts and their leading brands.
Founded in 1983 by the Hou family, ACC began as a distributor of chrome wheel accessories for heavy-duty trucks. Under the second-generation leadership of Linda Hou, the company has grown into a key supplier to OEMs and Tier suppliers in the Heavy-Duty truck and trailer markets, providing both aftermarket and production parts and accessories. ACC services these customers out of its ISO 9001 and ISO 14001 certified, 80,000 square foot distribution center in Bolingbrook, IL.
“This is a great day for everyone at ACC,” said Linda Hou. “MPS’ best-in-class ability to engineer mechanical, electrical, and electronic parts for every vehicle type is going to supercharge our ability to bring new products and services to our customers.”
“Every ACC customer that I have spoken with has praised the culture of service and quality built by the Hou family,” said Brian Cohn, CEO of MPS. “As a product of a family business myself, I am honored that they have chosen Multi Parts, and our sponsors at Radial Equity Partners to preserve and enhance that legacy.”
About Multi Parts (MPS):
MPS is a developer and provider of vehicle aftermarket parts to suppliers and their leading global brands. MPS has a fully integrated global operating network that provides product design & development, manufacturing, testing & quality control, logistics, and customer support from the company’s locations in North America, Europe, and Asia. More information about MPS is available at www.multiparts.net.
About Radial:
Radial is a private equity firm focused on investing in middle-market businesses serving consumer and industrial markets. Radial invests in businesses where the firm can apply relevant prior experience and a network of industry relationships to support its management teams. More information about Radial is available at www.radialequity.com.
For more information, press only:
Scott Robertson
561-748-1515
scott.robertson@multiparts.net
Clark-Reliance Acquires John C. Ernst
Strongsville, OH July 27, 2023 —
Clark-Reliance announced today it has acquired John C. Ernst & Co., Inc., a leader in the manufacture and distribution of engineered measurement solutions and process observation equipment for liquid and steam applications.
John C. Ernst, headquartered in Sparta, New Jersey, manufactures and distributes sight flow indicators, sight windows, liquid level gauges and flow meter products used by customers in demanding applications across a broad range of end markets.
“John C. Ernst expands our portfolio of engineered measurement and process observation equipment products and solutions. Additionally, John C. Ernst’s application expertise and customer reach are highly complementary with our industry-leading products and capabilities, including our Jerguson, Jacoby-Tarbox, and Ernst Flow Industries brands,” said Patrick Babka, President and CEO of Clark-Reliance. “We are delighted to welcome them to the Clark-Reliance family.”
“We are convinced that Clark-Reliance is a perfect partner for John C. Ernst as we embark upon our next phase of growth.” James Wolfe, President of John C. Ernst added, “Clark-Reliance’s market leadership and experienced management team will greatly help John C. Ernst capitalize on its market position and further our company’s capabilities that my brothers, George, Geoff, and I have worked so hard to build.”
Clark-Reliance, headquartered in Strongsville, OH, manufactures level instrumentation, process observation equipment, and filtration equipment for critical industries around the world. These technologies help end-users control, operate, and protect their facilities in a variety of liquid and steam management applications.
Wiley Brothers – Aintree Capital advised John C. Ernst and the Wolfe brothers during the sale process. Terms of the acquisition weren’t disclosed.
About John C. Ernst:
Founded in 1969, the John C. Ernst company specializes in providing engineered measurement solutions and process observation equipment for liquid and steam applications. Known for application expertise, high quality products, and excellent customer service, the company is a recognized manufacturer and global distributor of fluid flow and level instrumentation with 3 divisions: John C. Ernst Co., GPImeters.com, and Sanisite. More information on John C. Ernst is available at: www.johncernst.com ; www.GPImeters.com ; and www.sanisite.com.
About Clark-Reliance:
Clark-Reliance® is an industry leader in the design, manufacture and distribution of liquid level instrumentation and controls, sight flow indicators, and filtration equipment. The company provides customers with measurement and filtration solutions in over 120 countries in the power generation, refining, gas processing and chemical industries. Their products and solutions are known for their safety, premium quality, and high reliability in demanding environments. Clark-Reliance’s brand portfolio includes Reliance™, Jerguson™, Jacoby-Tarbox™, Ernst Flow Industries™, Anderson™, FILCOA™, Oil Filtration Systems™, and Enervac™. More information on Clark-Reliance is available at www.clarkreliance.com.
Radial Equity Partners Announces Partnership with Multi Parts
Jupiter, FL April 19, 2023 —
Radial Equity Partners (“Radial”) today announced a partnership with Multi Parts (“MPS”), a leading supplier of non-discretionary replacement parts to the vehicle aftermarket. Terms of the transaction were not disclosed.
MPS provides turnkey solutions to industry leading companies in the vehicle aftermarket supply chain. The company was founded in 1988 and is led by the second-generation owner and CEO, Brian Cohn. MPS offers its customers the ability to completely outsource the design, development and sourcing functions necessary to bring critical vehicle replacement products to market.
“At MPS, we combine a deep understanding of the failures impacting modern vehicles with our expertise in engineering, manufacturing, and a well-established global supplier network to provide innovative, high-quality solutions,” said Brian Cohn, CEO of MPS. “Our partnership with Radial will give us access to greater resources and capabilities to accelerate our growth both organically and through complementary acquisitions.”
“MPS is a highly respected supplier of replacement parts offering engineering resources across three continents. This allows the company to serve global aftermarket suppliers across multiple countries and vehicle platforms,” said Jim McDonough, Partner of Radial. “We are excited to partner with Brian and the MPS team to support the realization of the company’s global growth initiatives.”
The partnership represents a continuation of the Radial team’s focus on investing in the vehicle aftermarket, a key area of focus for the firm. The Radial team has previously led vehicle aftermarket investments in both the performance and restoration categories.
About Multi Parts (MPS):
MPS is a developer and provider of vehicle aftermarket parts to suppliers and their leading global brands. MPS has a fully integrated global operating network that provides product design & development, manufacturing, testing & quality control, logistics, and customer support from the company’s locations in North America, Europe, and Asia. More information about MPS is available at www.multiparts.net.
About Radial:
Radial is a private equity firm focused on investing in middle-market businesses serving consumer and industrial markets. Radial invests in businesses where the firm can apply relevant prior experience and a network of industry relationships to support its management teams. More information about Radial is available at www.radialequity.com.
Huston Patterson and Sigma Graphics Merge with Lewisburg Printing Company
New York, NY March 22, 2022 —
Huston Patterson and Sigma Graphics (together, “HP”), leading suppliers of high-graphic printed materials, today announced the companies have merged with Lewisburg Printing Company (“LPC”). LPC, a portfolio company of Radial Equity Partners, manufactures printed materials and packaging for a broad range of markets, including personal care, food & beverage, healthcare, and other consumer markets. Terms of the transaction were not disclosed.
Founded in 1895 in Decatur, IL, Huston Patterson manufactures printed materials for the packaging and point-of-purchase markets. The company is a G7 Master Printer with a broad range of capabilities including large and small format lithographic and digital printing as well as value-added prepress and finishing services. The company provides unparalleled value and performance through the effective use of both technology and craftsmanship. Sigma Graphics, located in Ottawa, Illinois, is Huston Patterson’s specialty products division.
“Our goal has always been to exceed the expectations of our clients and to be the best partner and employer in the large format printed materials and packaging industry,” said Huston Patterson President, Tonya Kowa-Morelli. “I am thrilled to be able to broaden our value proposition to our employees, clients and vendors. LPC and HP have both been leaders in the print industry for over 125 years. Our partnership, along with the support of Radial, will provide the perfect platform for continued growth.”
“HP has a strong reputation as a high-quality supplier and brings complementary manufacturing capabilities, customer relationships, and geographic reach,” said Hale Hawkins, IV, CEO of LPC. “We share a philosophy of exceeding customer expectations, delivering unmatched speed to market and providing exceptional service. We look forward to working with the talented team at HP as we continue our growth both organically and through acquisitions.”
The merger represents a continuation of Radial Equity Partners’ focus on investing in the packaging industry. The Radial team has previously led packaging investments in Alpha Packaging, Chesapeake Corporation, Mold-Rite Plastics and Multi Packaging Solutions.
About Huston Patterson:
Founded in 1895, HP has the reputation of being at the forefront of innovation in the large format print and packaging industries. Huston Patterson is a G7 Master Printer with capabilities including large and small format lithographic and digital printing as well as value-added prepress and finishing services. HP employs approximately 80 employees between two locations in Illinois and proudly provides printed solutions to the packaging and display industries. HP’s leadership and employees focus on incorporating the principles of trust, integrity and commitment into every client’s success. For more information about HP, please visit www.hustonpatterson.com.
About LPC:
Founded in 1898, LPC is a manufacturer of high-graphic printed materials and packaging. LPC is a G7 Master Printer and offers a wide range of capabilities, including large and small format lithographic, flexographic and digital printing as well as value-added prepress and finishing services to provide its customers with high quality printed solutions. LPC has approximately 250 employees located in Tennessee and Texas with a mission to ensure its customers receive products and services that exceed their expectations with speed to market that is unmatched in the industry. More information about LPC is available at www.lpcink.com.
About Radial:
Radial is a private equity firm focused on investing in middle-market businesses serving consumer and industrial markets. Radial invests in businesses where the team can apply their prior experience and network of industry relationships to bring insights and support their management partners. More information about Radial is available at www.radialequity.com.
Contact:
Radial Equity Partners
Swen Kupferschmid-Rojas
SKupferschmid-Rojas@radialequity.com
Radial Equity Partners announces new partnership with Clark-Reliance Corporation
Strongsville, Ohio, November 30, 2021 —
Radial Equity Partners (“Radial”) today announced its new partnership with Clark-Reliance Corporation (“Clark-Reliance”), a leading designer and manufacturer of highly engineered instrumentation and filtration products. Terms of the agreement were not disclosed.
Formed in 1963 through the merger of Clark Manufacturing (est. 1908) and Reliance Gage & Column (est. 1884), Clark-Reliance manufactures liquid level instrumentation and controls, sight flow indicators, filtration equipment and related consumables. The company’s products are sold under eight longstanding brands with a reputation for safety, premium quality and high reliability in demanding environments. Clark-Reliance serves more than 2,400 customers across a range of industrial end markets.
“Clark-Reliance has a rich legacy of technical leadership and innovation as well as a reputation for manufacturing excellence,” said Rick Solon, CEO of Clark-Reliance. “Our partnership with Radial will give us access to greater resources and capabilities to continue our expansion, both organically and through acquisitions.”
“Clark-Reliance is a highly respected and established provider of critical measurement, controls and filtration solutions,” said Devraj Roy, Partner of Radial. “We are thrilled to partner with the company and look forward to building upon its strong foundation to support the next phase of growth.”
Scott Dysert, former CEO of Chromalox and Senior Advisor at Radial, will serve as Non-Executive Chairman of Clark-Reliance.
About Clark-Reliance:
Clark-Reliance® provides customer solutions in over 120 countries in the power generation, refining, gas processing and chemical industries. Key acquisitions over the last few decades have solidified Clark-Reliance as an industry leader in the design, manufacture and distribution of level indication & control and filtration & separation products and services. More information on Clark-Reliance is available at www.clarkreliance.com/.
About Radial:
Radial is a private equity firm focused on investing in middle-market businesses serving consumer and industrial markets. Radial invests in businesses where the firm can apply relevant prior experience and a network of industry relationships to support its management teams. More information about Radial is available at www.radialequity.com.
Radial Equity Partners announces new partnership with Lewisburg Printing Company
New York, New York, April 13, 2021 —
Radial Equity Partners (“Radial”) today announced its new partnership with Lewisburg Printing Company (“LPC”), a leading supplier of high graphic printed materials and packaging. Terms of the agreement were not disclosed.
Founded in 1898, LPC manufactures specialty printed materials and packaging for a broad range of markets, including personal care, food & beverage, healthcare, pet, and household products. The company utilizes its comprehensive production capabilities, including large and small format lithographic, flexographic and digital printing as well as value-added prepress and finishing services to provide its customers with high graphic printed solutions.
“Our goal is to be the best supplier to our customers, the best employer for our employees, and a responsible member of our community. We identified Radial based on their experience in printing and packaging and found they shared our goals and values. Our partnership will provide LPC with greater resources to continue our growth both organically and through acquisitions. Radial is the perfect partner for LPC.” said Hale Hawkins, IV, CEO of LPC.
“LPC’s dedication to customer service is evidenced by nearly 125 years of business history” said Phil Carpenter, Managing Partner of Radial. “We are thrilled to partner with the LPC team and look forward to building upon the company’s strong foundation to support its next phase of growth.”
This partnership represents a continuation of the Radial team’s focus on investing in packaging, a key area of strength for the firm. The Radial team has previously led packaging investments in Alpha Packaging, Chesapeake Corporation, Mold-Rite Plastics and Multi Packaging Solutions.
About LPC:
Founded in 1898, LPC is a manufacturer of high graphic printed materials and packaging. LPC is a G7 Master Printer and offers a wide range of capabilities, including large and small format lithographic, flexographic and digital printing as well as value-added prepress and finishing services. LPC has approximately 250 employees with a mission to ensure its customers receive products and services that exceed their expectations with speed to market that is unmatched in the industry. More information about LPC is available at www.lpcink.com.
About Radial:
Radial is a private equity firm focused on investing in middle-market businesses serving consumer and industrial markets. The Radial team has invested successfully together for over a decade including on behalf of investment vehicles preceding Radial with a history of consistently delivering value for all stakeholders. Radial invests in businesses where the team can apply their prior experience and network of industry relationships to bring insights and support their management partners. More information about Radial is available at www.radialequity.com.