June 11, 2019 – Total Seal Piston Rings, the provider of high-performance piston rings and related components, has been acquired by an investment group led by Total Seal President Matt Hartford.
The buyers, which finalized the sale last week, include Total Seal President Matt Hartford.
The investment group also includes Promus Equity Partners and Chairman of Total Seal Jon S. Vesely.
The sale of the company—which was founded over 50 years ago by Joe Moriarty—was finalized late last week, according to a joint statement by Joey Moriarty (the son of the founder), Promus Equity Partners, Vesely and Hartford.
“My dad would be pleased that Matt is carrying on Total Seal, maintaining the integrity of the company and furthering our position as the leaders in Piston Ring technology for racing and high-performance markets,” Moriarty said. “We have some very exciting new advancements that will further solidify our leadership position.”
Hartford, who previously served as Vice President since joining Total Seal in 1998, is now the company’s CEO and President. Prior to this, Hartford held a position as a Nuclear Engineer in the US Navy.
From high-performance piston rings to ring tools and specialty lubricants, Total Seal components have been used in NASCAR, NHRA, PDRA, INDYCAR, Formula 1 and more.
The Spartan Group acted as exclusive financial advisor to Total Seal.