PPC Advises Andrews Products on Sale Transaction

Promontory Point Capital is excited to announce another one of our firm's recent client successes.

Andrews Products (“Andrews”) is a designer and manufacturer of high-quality, durable performance improvement products, recognized nationally in the motorcycle, motorsports, and automotive communities. Based in suburban Chicago, Andrews produces superior camshafts and transmission gears for both street and racing applications, primarily sold through distributors and dealers across the United States. The Company boasts an expansive proprietary product portfolio, unmatched within the industry, and has built a well-respected brand for more than 50 years.

As this family-owned business sought to address its succession planning goals, the Company's accounting firm referred its owners to Promontory Point Capital (PPC). PPC was engaged to explore strategic alternatives for this branded consumer products business, marketing Andrews Products to a targeted audience of strategic parties competing within the aftermarket performance parts sector. After gathering preliminary offers from several competing parties, PPC assisted in negotiating a Letter of Intent with Racing & Performance Holdings, a platform of Taglich Private Equity. R&P Holdings serves as a private equity investment platform for several high-performance aftermarket businesses including AFR, Procar Seats, Race Tec Pistons, and Vortech Superchargers. PPC managed the entire engagement for Andrews Products and assisted in closing the transaction during the fourth quarter of 2024 representing another successful Done Deal for our firm. Read Press Release

Promontory Point Capital is a Milwaukee-based investment banking firm focused on the needs of Midwestern privately-held businesses. Since being formed in 2004, our firm has led over 190 client engagements including the evaluation of business sale and recapitalization options, the arrangement of debt and equity financing, and the planning and execution of growth strategies involving acquisitions, mergers, and joint ventures. Many inquiries to Promontory Point Capital include business objectives encompassing:

Ownership Planning, including Transition & Liquidity Goals: PPC is frequently introduced to business owners and/or senior management teams when shareholders are interested in learning about their options involving a potential sale of all or a portion of a business. We have arranged numerous transactions involving strategic partners, private equity firms, ESOPs, management buyouts, and other types of shareholder “recaps” including both minority and majority recapitalizations.

Financing, Refinancing, & Debt Restructuring: PPC is oftentimes referred into situations where a business encounters a funding need that is beyond the comfort zone of a company's existing senior bank lender. PPC has arranged numerous transactions for companies involving senior bank debt, non-bank debt, subordinated debt, sale-leaseback financing, and other forms of institutional funding to support growth, acquisitions, shareholder redemptions, management buyouts, and other corporate initiatives.

Strategic Growth/M&A: Companies that have an interest in growing and expanding via acquisition or strategic joint venture are regularly referred to PPC given our firm's extensive corporate development experience.

We welcome your confidential inquiry and encourage you to visit our firm's website at www.promontorypointcapital.com for more information on our organization's capabilities and numerous other client successes.