Dynojet Research, best-known in the motorcycle business for its performance-enhancing Power Commander aftermarket electronics packages, has been taken over by a pair of US private equity investors.
Acting in conjunction, Irving Place Capital and New Value Capital announced that they had completed the acquisition of Dynojet on 24 November. Financial details of the deal were not disclosed. Dynojet has a manufacturing plant in Montana and HQ in Las Vegas, Nevada. Its products are available worldwide. European sales and warehousing are centred in the Netherlands. British marketing and distribution are handled by Dynojet UK based in Preston, Lancs.
Commenting on the transaction, Dynojet Chief executive Robert Vlcek said: “Our new partnership with Irving Place Capital and New Value Capital provides us with greater resources and capabilities to continue to advance our technical expertise and supply innovative new products to end users.”
New Value Capital partner Paul Lehman added: “Dynojet has tremendous potential and is attractively positioned as the market leader across its product categories. I look forward to working with Robert and the rest of the Dynojet team to accelerate the company’s next phase of growth.”