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SCAT ENTERPRISES AND AIR FLOW RESEARCH HAVE JOINED FORCES

SCAT ENTERPRISES AND AIR FLOW RESEARCH HAVE JOINED FORCES

SCAT Enterprises, LLC announced  that it has been acquired by Taglich Private Equity, LLC, which recently also acquired Air Flow Research Heads, Inc., a leading manufacturer of cylinder heads and intake manifolds for the high-performance automotive aftermarket. For over 50 years, SCAT has been a leading manufacturer of high-performance crankshafts, connecting rods, and rotating assemblies used in the performance automotive aftermarket. The transaction includes the Procar by SCAT seating division. SCAT’s management team will remain in place along with SCAT’s production facility and employees, located at its headquarters in Redondo Beach, CA.

Tom Lieb will remain involved in the business going forward and SCAT’s current COO, Craig Schenasi, will become CFO of the combined companies and an owner in the business. SCAT has held a dominant position in performance automotive aftermarket since its inception, and Tom’s knowledge of crankshafts, connecting rods, and engine components has made him an industry icon. The company’s commitment to excellence has earned its products a place within the fastest race cars and with the best engine builders in the country.

Will Morris, Managing Director of Taglich Private Equity, stated, “We are very excited about the SCAT acquisition and honored to partner with Tom Lieb and the team at SCAT who have built an amazing business over the past 50 years. We continue to be very interested in exploring additional add-on acquisition opportunities in the high-performance automotive aftermarket to accelerate growth and build upon our product offerings.”

The Spartan Group LLC acted as a financial advisor to Scat Enterprises in this transaction.

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