Gridiron Capital, LLC, an investment firm focused on partnering with founders, entrepreneurs, and management teams, announced an investment in Magneto & Diesel Holdings, LLC (“M&D” or the “Company”), distributor and remanufacturer of mission-critical aftermarket parts for diesel engines from Warren Equity Partners. M&D serves as a one-stop solutions provider for every type of diesel application, with a focus on heavy duty and high horsepower vehicles used in the trucking, infrastructure, agriculture, marine, and transportation markets, Gridiron Capital says.
“We are honored to partner with Grant and the broader M&D team to build on the Company’s almost 80-year legacy of exceptional quality and service to the diesel engine aftermarket,” said Kevin Jackson, managing partner of Gridiron. “The Company is positioned as the partner of choice in a large and highly fragmented market, and we are excited to help the M&D team further accelerate growth. Our collective cultural alignment on Winning Together will allow all M&D team members to benefit from the Company’s continued growth.”
Since 1943, M&D has supported its aftermarket customers in maintaining, repairing, and replacing diesel engine parts with the primary goal of keeping its customers’ money-making machines operational – a value proposition captured by the Company’s tagline, “We Fuel Uptime.”
Originally family-owned and operated, M&D has built a strong reputation over its more than 75 year operating history for its best-in-class customer service and consistent quality, Gridiron Capital says. M&D’s remanufactured parts offering recycles engine parts that are traded in and rebuilds them to like-new quality at a lower cost, which both reduces environmental waste and energy usage by giving a second life to existing components and increases cost savings for customers. Driven by its strong partnership model with leading OEMs and manufacturers, the Company also provides unique in-branch consultative sales expertise, and one of the broadest product suites in the industry serving all diesel needs, Gridiron Capital adds.
Grant Garrett, CEO of M&D, commented, “We take pride in keeping our customers up and running and are excited to leverage Gridiron’s experience in the auto aftermarket and value-added distribution space to expand our capabilities and continue to enhance the customer experience. We had many options in choosing a partner for our next phase of growth, but our shared strategic vision made selecting Gridiron an easy choice.”