HALTECH RAMPS UP FOLLOWING ACQUISITION
It has been snapped up by US Private Equity firm Middle Ground’s Race Winning Brands
Following the recent acquisition by Race Winning Brands, Haltech has joined an elite group that includes industry icons such as Dart, JE Pistons, Wiseco and Manley.
While early days, Haltech President, Nathan Clark, has reported there is a plan in development to foster collaboration between the companies that fall under the Race Winning Brands umbrella.
“Currently, we are one of about 21 in that group, and they’ve still got more acquisitions in the pipeline,” Nathan said.
“The long-term goal is to work together and bring complete performance solutions to market. This could potentially see the launch of specific kits made up of parts from selected Race Winning Brands businesses sold together as a single part number. This will truly unlock the value of bringing together a set of companies with complementary components.”
Before the sale to Race Winning Brands, Haltech already had two offices in the United States as well as offices in the UK, Austria, New Zealand, and the Philippines, in addition to its Australian location.
In the last decade, Haltech has evolved from a successful automotive aftermarket business with operations in Australia and the United States, to a global automotive lifestyle brand that incorporates a growing merchandise business.
“Earlier this year we had another successful Summernats, at which we sold out of Haltech Merch. This proves there is a heap of Haltech brand advocates out there, and we’re confident that Race Winning Brands will bring the capital and expertise required to take the business forward,” Nathan said.
Haltech has already started to engage with Dart; working with them to develop specific solutions for Dart customers.
To find out more about Haltech, visit www.haltech.com