Texas-Based MSD Ignition Bought by Gryphon Investors - aftermarketNews

Texas-Based MSD Ignition Bought by Gryphon Investors

MSD Ingnition, a manufacturer of products for the high performance segment of the aftermarket, has been bought out by Gryphon Investors, a private equity firm based in San Francisco, Calif. Gryphon Investors purchased 100 percent ownership of El Paso, Texas-based Autotronic Controls Corp. and its MSD Ignition brand on April 8.

CHICAGO — MSD Ingnition, a manufacturer of products for the high performance segment of the aftermarket, has been bought out by Gryphon Investors, a private equity firm based in San Francisco, Calif.

Gryphon Investors purchased 100 percent ownership of El Paso, Texas-based Autotronic Controls Corp. and its MSD Ignition brand on April 8.

MSD Ignition’s products are sold through major automotive retailers, distributors and speed shops throughout the U.S., as well as through distributors in various international markets. According to the new buyers, MSD Ignition will continue to provide its products through its established retail and distribution channels. The company will also continue to develop and introduce new products that meet the company’s highest standards in quality and innovation, the firm said.

MSD Ignition’s former owners, Jack and Sharon Priegel, said they decided to sell the company in order to retire.

The corporate finance consulting practice of Blackman Kallick Bartelstein, LLC of Chicago, assisted with the deal.

_______________________________________

Click here to view the rest of today’s headlines.

You May Also Like

Purolator Adds Filter Coverage for More Than 2 Million Vehicles

Seventy-three part numbers have been added to the company’s line of oil, air and cabin air filters.

Purolator Adds Filter Coverage For More Than 2 Million Vehicles

Purolator Filters announced the addition of 73 new part numbers to the company’s line of oil, air and cabin air filters. The company said the expansion adds coverage under the Purolator, PurolatorTECH, PurolatorBOSS and PurolatorONE brands for an additional 2 million vehicles on the road today. These include applications for domestic and import auto and light truck makes, such as BMW, Ford, Hyundai, Jaguar, Lexus, Mercedes-Benz, Nissan, Toyota and Subaru.

Andrew Grose Named Vice President of Grote Networks

With a background in engineering and strategy, Grose will lead the newly formed Grote Networks Business Division.

Andrew Grose Named Vice President of Grote Networks
KYB Celebrates 50 Years in North America

As it celebrates the past and looks to the future, KYB said it continues to grow, with a new product line scheduled for release in 2025.

KYB 50th
Lubrizol Announces New Oil Additive Solution

The company said the additive will enable oil marketers to meet the performance requirements of ILSAC GF-7.

Lubrizol Announces New Oil Additive Solution
Modine Releases Advanced Cabin Climate System

The new system expands Modine’s EVantage portfolio.

Modine-Releases-Advanced-Cabin-Climate-System
Other Posts
GSP Announces July New Products

The company has released 162 ADVANTEDGE Loaded Struts, 26 Wheel Hub Assemblies and 4 PrePressed Wheel Hub Assemblies.

GSP-Announces-July-New-Products
US Motor Works: From Pumps to Powerhouse

Driven by a relentless focus on quality and operational excellence, US Motor Works has evolved into a leader in cooling and fuel systems.

US Motor Works
Standard Motor Products Adds 186 New Numbers in June

SMP said emission control is one of several engine system categories that see continued expansion.

Standard-Motor-Products-Adds-186-New-Numbers-in-June
Valvoline Releases Corporate Social Responsibility Report

The report highlights Valvoline’s fiscal year 2023 people, safety, environmental and innovation initiatives.

Valvoline-corporate-social-respon-report