Harris Williams, a global investment bank specializing in M&A advisory services, announces the sale of RANDYS Worldwide Automotive (RANDYS), a portfolio company of Linsalata Capital Partners, to Tailwind Capital (Tailwind). RANDYS is a leading supplier of highly engineered drivetrain products to the automotive aftermarket. The transaction, led by Joe Conner, Jeff Kidd, Jonathan Meredith and Elliott Yousefian of Harris Williams’ Transportation & Logistics (T&L) Group and Giles Tucker of the firm’s Industrials Group, extends the firm’s track record in the automotive aftermarket.
“RANDYS, through its partnership with Linsalata, has built an impressive organization that is a true leader in the automotive aftermarket,” said Joe Conner, a managing director at Harris Williams. “We are proud to have had the opportunity to work alongside the RANDYS team to help them realize the benefits of all their hard work and successful execution of their vision.”
“RANDYS has found a true partner in Tailwind,” said Giles Tucker, a managing director at Harris Williams. “We are excited for the opportunity ahead and look forward to watching the company thrive as it continues through its next phase of growth.”
RANDYS is a leading supplier of drivetrain products, including differential gears, axles, installation kits, lockers, limited slip differentials, driveshafts and remanufactured transfer cases, differentials and manual transmissions. RANDYS caters to all channels in the aftermarket, including installers, big box retailers, remanufacturers, e-commerce retailers and enthusiasts. The company markets its drivetrain products under three brands: Yukon Gear & Axle U.S.A. Standard Gear and Zumbrota Drivetrain. RANDYS employs more than 200 team members across seven warehouses and facilities, and the company continues to grow as it adds new product lines, brands and applications.
Located in the Cleveland suburb of Mayfield Heights, Ohio, Linsalata Capital Partners was founded in 1984 and has combined its strong financial capabilities with extensive operational experience to accelerate the growth of middle market companies. In its 35 years of investing, the firm has completed 114 buy-side transactions totaling over $4 billion.
Tailwind is a middle market private equity firm focused on growth-oriented investments in targeted sectors within healthcare, business services and industrial services. Tailwind partners with experienced management teams and entrepreneurs to transform businesses through organic growth initiatives, acquisitions and operational and strategic investments. Since inception, Tailwind has managed $3.6 billion of committed equity capital, and has invested in 40 portfolio companies and over 90 add-on acquisitions.
Harris Williams, an investment bank specializing in M&A advisory services, advocates for sellers and buyers of companies worldwide through critical milestones and provides thoughtful advice during the lives of their businesses. By collaborating as one firm across Industry Groups and geographies, the firm helps its clients achieve outcomes that support their objectives and strategically create value. Harris Williams is committed to execution excellence and to building enduring, valued relationships that are based on mutual trust. Harris Williams is a subsidiary of the PNC Financial Services Group Inc.