MiddleGround Capital Closes Acquisition of Automotive Aftermarket Supplier Haltech.

MANews-(C)2009-2022

US-based operationally-focused private equity firm MiddleGround Capital, which makes control investments in North American middle market B2B industrial and specialty distribution companies, has acquired US-based Haltech Engine Management Systems through its platform Race Winning Brands, the firm said.

Haltech is a designer, manufacturer, and distributor of automotive aftermarket engine management electronics, focused on performance racing and enthusiast end users.

The transaction marks MiddleGround's third add-on acquisition by RWB, since the firm acquired the platform in December 2021.

In April 2022, RWB purchased PAC Racing from Peterson American Corp., adding performance springs to its portfolio.

Later that month, RWB purchased TPT Solutions, providing transmission-focused automotive aftermarket performance products for light truck, automotive and SUV/CUV under three strong brands, TransGo, RevMax and Transmission Specialties.

Haltech product offerings include engine control units, displays, and related accessories such as harnesses.

The products are used primarily to control engines by monitoring engine and driver data inputs to calculate optimal performance output, as well as displaying various engine performance parameters to the driver.

Haltech is a designer, manufacturer, and distributor of automotive aftermarket engine management electronics, focused on performance racing and enthusiast end users.

Haltech product offers includes engine control units, displays, and related accessories such as harnesses.

The products are used primarily to control engines by monitoring engine and driver...

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