Boston, MA – April 8, 2024 – BDO Capital Advisors, LLC (BDO Capital) is pleased to announce that Motorsport Products Group, Inc. (Moss, or the Company), an industry-leading specialty supplier of restoration and replacement parts for British classic cars, has been acquired by Radial Equity Partners (Radial), a New York-based private equity firm focused on middle market consumer and industrial businesses. BDO Capital served as exclusive financial advisor to Moss on this transaction, which builds on the firm’s extensive experience working with entrepreneur-owned companies in the automotive aftermarket sector.
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, California and operates six facilities across the United States, United Kingdom, and France.
The new platform, which includes the simultaneous acquisition of aftermarket parts supplier Rimmer Bros, 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.
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.”
“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 continue providing leading service to customers as well as expanding the offering of parts solutions across existing British brands as well as new vehicle marques.”
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.”
Radial Equity Partners was represented by Jones Day. Moss was represented by BDO Capital Advisors and Venable LLP
About Moss
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 www.rimmerbros.com.
About Radial Equity Partners
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.
BDO Capital provided invaluable guidance as our trusted advisor throughout a carefully organized and highly successful transaction process. Their ability to convey our company’s unique investment merits, value proposition and growth potential to potential investors resulted in a highly competitive bidding environment and outstanding outcome for Moss and its employees.