Century Park Capital Partners is pleased to announce that Eckler Industries, Inc., a leading aftermarket supplier of parts and accessories to the automobile enthusiast market, has acquired Performance Products Euro. Headquartered in Van Nuys, California, Performance Products Euro is the largest source of restoration parts and accessories for Porsche and Mercedes vehicles.
“Performance Products Euro is an excellent company with 20 years of history and loyalty in this market. The acquisition of Performance Products allows Eckler’s to expand beyond the Chevrolet/General Motors market into European makes with a highly regarded company and a solid, highly motivated, staff.” remarked Ed Mills, Eckler’s President.
“This acquisition provides an excellent opportunity for Eckler’s to pursue our proven growth strategy of leveraging leadership in catalog and internet marketing with complimentary acquisitions” added Matt Jordan, Eckler’s Chief Operating Officer.
Guy Zaczepinski, a Vice President with Century Park Capital Partners, said, “The combination of robust organic growth and highly synergistic acquisitions continues to make Eckler’s the most recognized and respected name across the enthusiast automobile industry. Furthermore, by stepping outside of the domestic market with Performance Products Euro, Eckler’s is proving its value as a true direct marketing platform, capable of integrating very diverse end-market businesses. We continue to seek more add-on acquisitions in the auto enthusiast restoration and accessories space.”
Although terms of the transaction were not disclosed, the acquisition was consummated under Eckler’s existing credit facility.
Eckler’s is a leading catalog and online retailer of aftermarket parts for classic and collectable cars. The Company’s offerings include Corvettes (www.ecklers.com), 1955-1957 Classic Chevys (www.classicchevy.com), 1958-1972 Chevys (www.lategreatchevy.com), classic Chevy Trucks (www.ecklerstrucks.com), First Generation Camaros (www.rickscamaros.com), Later Generation Camaros (www.ecklerscamaro.com), Chevelle, (www.ecklerschevelle.com), and El Camino (www.elcaminostore.com). Eckler’s was acquired in June of 2006 by Century Park Capital Partners.
About Century Park Capital Partners:
Century Park Capital Partners is a Los Angeles-based private equity firm that partners with owner/managers to build successful companies. The firm specializes in facilitating owner liquidity and business expansion by providing $10 million to $50 million equity investments for minority and majority recapitalizations, growth financings, management-led buyouts and acquisition financings. More information on Century Park Capital Partners can be found atwww.centuryparkcapital.com.