Andrews Acquired by Racing & Performance Holdings
Andrews, the Mount Prospect, Illinois based performance cams specialist was acquired in Q4, 2024 by Racing and Performance Holdings - a portfolio investor headed up as CEO by former MAG (PM, V&H) and PerTronix ignitions executive Mark Finnie.
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| Andrews President Mike Pederson (right): "We see this as an opportunity to help push our brand and its legacy to the next level by working with the other high-quality brands under the Racing and Performance umbrella." |
The R&P group of holdings include Airflow Research Heads, Paxton and Vortech Superchargers, RaceTec Pistons, SCAT Crankshafts and Procar Seating Systems.
Mike Pedersen, long-time President of Andrews Products was quoted at the time as stating that "I am excited to enter this next chapter in our 52-year journey as a leader in the motorsports industry. We see this as an opportunity to help push our brand and its legacy to the next level by working with the other high-quality brands under the Racing and Performance umbrella."
R&P itself is owned by Taglich Private Equity - a 2001 founded, Stowe, VT., based "value-oriented financial sponsor that is focused on investing in the lower middle-market". Specializing in "recapitalizations, management buyouts, and majority equity investments", TPE says it targets "manufacturing, business services and consumer products companies."
