CJ Pony Acquires American Powertrain
11 Julio 2024 - 2:22PM
Business Wire
CJ Pony Parts announced today that it is partnering with
American Powertrain, a branded market leader in transmission kits
for various classic vehicle applications. This expanded platform
will allow CJ Pony to grow its portfolio of in-house proprietary
brands, a key pillar in CJ Pony’s growth strategy, while providing
American Powertrain access to CJ Pony’s e-commerce expertise and
resources.
Mike Large, President of CJ Pony Parts, commented, "The
combination of CJ Pony Parts and American Powertrain will open up a
wide range of market opportunities for both companies as they are
able to leverage each other's expertise in e-commerce distribution
and transmission product kits, respectively. The opportunities this
partnership presents are truly exciting, and I am confident in a
successful future together. We are enthusiastic about the growth
potential of American Powertrain and are committed to investing
significant resources to fuel its continued expansion."
Robert Hall, Founder of American Powertrain, said, “This is an
exciting move. It's wonderful to watch American Powertrain, which
started 20 years ago as a home-based business, now take this next
momentous leap forward by partnering with CJ Pony Parts. I have
every confidence this brand will see strong growth in sales, new
product offerings and new markets. Thank you to all the good people
who worked so hard to bring us to this point.”
Adam Zacuto, Principal with Century Park Capital Partners and
Board Member of CJ Pony Parts, commented, “The product offering
that American Powertrain brings to our assortment further enhances
CJ Pony’s position as a market leader in the classic vehicle
restoration category. Additionally, this partnership is a big step
toward our goal of building a portfolio of valuable owned brands.
We are fortunate to have such a high-quality brand and talented
employee base join the CJ Pony family."
About American Powertrain:
American Powertrain is a market leading provider of branded
transmission kits for classic vehicles. The company specializes in
providing modern drivetrain technology to classic and muscle car
owners, including overdrive transmission systems, hydraulic clutch
kits, and a wide range of drivetrain-related parts. Founded in
2005, American Powertrain proudly manufactures its installation
parts and systems in the U.S. The company’s highly experienced team
of enthusiasts is dedicated to helping car owners and builders make
the right drivetrain choices. For more information on American
Powertrain, please visit www.americanpowertrain.com.
About CJ Pony Parts, LLC:
Founded in 1985, CJ Pony Parts is an e-commerce platform that
sells restoration and performance parts to auto enthusiasts around
the world. The company is the number one player in the classic
Mustang aftermarket, with a broad product assortment of over 100K
SKUs. In addition, CJ Pony Parts has developed an industry-leading
library of online educational content for its customers. The
company’s market-leading YouTube channel serves as a “go-to
resource” for classic Mustang product instruction and installation
trainings, and currently has over 200K subscribers. In addition to
serving the classic Mustang community, CJ Pony Parts also offers a
growing assortment of parts for late model Mustangs and classic
trucks. The Company is headquartered in Harrisburg, PA with an
additional warehouse facility in Las Vegas, NV. For more
information on CJ Pony Parts, please visit www.cjponyparts.com.
About Century Park Capital Partners:
Century Park Capital Partners is a Los Angeles-based private
equity group established in 2000 that invests in family businesses,
owner-operated firms and corporate divestitures with the purpose of
accelerating growth and transforming these companies into leading
industry players. We specialize in acquiring strategically
well-positioned yet under-resourced middle market companies with
identifiable potential for value creation. We leverage our C-level
executive partners (“Century Leaders”) in targeted sectors to build
an investment thesis, evaluate opportunities, and lead portfolio
companies through the value creation process. We further support
our investments with proven operational and best practice
initiatives, led by our operating team, including buy-and-build
acquisition integration programs and infrastructure additions. For
more information on Century Park, please visit
www.centuryparkcapital.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240711554217/en/
Century Park Capital Partners Matt Minnaugh Director of Business
Development (310) 867-2216 mminnaugh@cpclp.com or Guy Zaczepinski
Managing Partner (310) 867-2227 gzaczepinski@cpclp.com or Adam
Zacuto Principal (310) 867-2218 azacuto@cpclp.com