MSDP Group LLC, a leader in vehicle aftermarket performance ignition and tuning technology, announced it has acquired ACCEL Performance Group, a performance aftermarket parts manufacturer with brands including ACCEL, Mr. Gasket, Mallory Ignition, Lakewood, QuickTime and Hays brands.
“The acquisition of ACCEL significantly enhances our position in ignition technology and allows MSDP to expand our product portfolio aimed squarely at diehard racing and street performance enthusiasts,” said Rick Ruebusch, Chief Executive Officer of MSDP. “ACCEL complements our existing brands, providing us with both increased capability and an unmatched footprint in the aftermarket platform. With this complementary acquisition and ACCEL’s impressive portfolio of brands, MSDP has an even greater ability to serve our customers with new, innovative product offerings and a higher level of personal service.
“The automotive aftermarket is a highly dynamic space with consumers that are deeply passionate about performance, reliability, and heritage as well as the challenges of next-generation vehicles and government regulations,” continued Ruebusch. “Adding ACCEL to the MSDP family gives us the bandwidth and brands to ensure that we continue delivering value to our customers and stakeholders.”
“ACCEL is a natural fit for MSDP and a valuable addition to the company’s product portfolio,” said James Zenni, Chairman of MSDP and Chief Executive Officer of Z Capital Partners, LLC. “Since making our investment in December 2013, MSDP has experienced significant growth, as well as enhanced its product innovation, brand marketing and distribution strategies. We look forward to the company’s continued success with the addition of ACCEL and its impressive collection of brands.”
MSDP is a portfolio company of Z Capital.
MSDP, headquartered in El Paso, Texas, operates in the street enthusiast, professional racer and powersports markets, where they maintain industry-leading market share positions across all of their product categories under the MSD®, Racepak®, Superchips® and Edge® brands.
ACCEL specializes in performance ignition coils, CD boxes, spark plugs, wires, fuel injectors, filters and pumps. Mr. Gasket is a trusted name, synonymous with engine sealing products and appearance accessories.
Z Capital Partners is a leading private equity firm with approximately $1.9 billion of regulatory assets under management and with offices in Lake Forest, Ill., and New York. Z Capital pursues a value-oriented approach in private equity that includes making control investments in companies that may require growth capital, balance sheet and or operational improvements. For more information, visit http://www.zcap.net/.
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