“With a leading position across attractive geographies, world-class technicians and customer service, a reputation for excellence, and a proven M&A track record, M&D is a truly unique platform with numerous opportunities for both organic and acquisitional growth,” said Chris King, a principal at Gridiron. In December 2020, New Canaan, Connecticut-based Gridiron held a hard-cap and oversubscribed closing of its largest fund, Gridiron Capital Fund IV LP, with $1.35 billion of capital. Sectors of interest include branded consumer, business-to-business and business-to-consumer services, and niche industrial. Gridiron invests in manufacturing, service, and specialty consumer companies with enterprise values from $75 million to $600 million and EBITDA from $10 million to $60 million. “The company is positioned as the partner of choice in a large and highly fragmented market, and we are excited to help the M&D team further accelerate growth.” “We are honored to partner with Grant and the broader M&D team to build on the company’s almost 80-year legacy of exceptional quality and service to the diesel engine aftermarket,” said Kevin Jackson, a managing partner at Gridiron. “We had many options in choosing a partner for our next phase of growth, but our shared strategic vision made selecting Gridiron an easy choice.”
“We take pride in keeping our customers up and running and are excited to leverage Gridiron’s experience in the auto aftermarket and value-added distribution space to expand our capabilities and continue to enhance the customer experience,” said Mr. Today, M&D is led by CEO Grant Garrett and is headquartered near Houston in Humble, Texas.
Warren Equity acquired its majority interest in M&D in December 2018 from the Ingram family, who founded the company in 1943 to provide repair services to the shipping and rail industries during World War II. The company supports all diesel vehicle types, ranging from light and medium-duty vehicles to heavy-duty commercial trucks and industrial equipment used in the trucking, infrastructure, agriculture, marine, and transportation sectors. M&D’s product portfolio includes new and remanufactured cylinder heads, blocks and rods, fuel injectors, turbochargers, filtration products, and other engine parts. Gridiron Capital has acquired Magneto & Diesel (M&D), a distributor and remanufacturer of aftermarket parts for diesel engines, from Warren Equity Partners.
0 kommentar(er)
