Andrews Products 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 over 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. Promontory 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, Promontory assisted in negotiating a Letter of Intent with Racing & Performance Holdings, a platform of Taglich Private Equity. R&P Holdings serves as a platform for several high-performance aftermarket businesses including AFR, Procar Seats, Race Tec Pistons, and Vortech Superchargers. Promontory managed the entire engagement for Andrews Products and assisted in closing the transaction.
By Christopher Riegg
Christopher Riegg, CFA, CPA is the Founding Partner of Promontory Strategy Group (PSG), providing strategic and financial advisory support to privately held and family-owned businesses. He also co-leads Promontory Point Capital (PPC), the investment banking firm he co-founded in 2004, and is the creator of RieggInsights.com, a platform focused on strategic growth, value creation, and successful transaction outcomes.
