Continuingits ongoing growth strategy of acquiring non–discretionary aftermarketsuppliers in the Powersports Industry, AEP has acquired the C & E group ofcompanies headquartered in Urbandale Iowa.
The C& E group of companies is best known through its highly recognized brands:Hot Rods, Hot Cams, Cylinder Works, Pivot Works, Bearing Connections, WrenchRabbit, Fuel Star, and Vertex Pistons. C&E’s main product categories are pistons, crankshafts, camshafts,connecting rods, engine cylinders, fuel flow systems and suspension componentryfor a wide variety of Powersports applications.
Curt Leaverton, CEO of C & E Group of Companies, stated; “The company will continue its focus andvision of being its customers “First Choice” for critical highly engineeredperformance parts for the Powersports enthusiasts. The combination of C & E with AEP bringsto our global customers accelerated new product development capabilities, awider array of product offerings, and the ability to further meet our distributors desire to have fewer more capable suppliers.”
The entire management and operationsteam will stay with the combined organization and maintain its locations inUrbandale Iowa and Cadelbosco Sopra Italy.
“Weare extremely excited to have Curt Leaverton, Loris Iotti and the entireworldwide team join our ever growing organization.” stated Jim Wisnoski CEO of AEP HoldingInc. “Thecombination of our two successful organizations will enable us to greatlyaccelerate our ability to further develop critical internal engine anddrivetrain componentry for not only the Powersports market places but ouradjacent specialty vehicle markets that we serve.”
Beforethis transaction, AEP served the global Powersports Industry through itsbrands: All Balls Racing, Winderosa High Performance Gaskets, and Arrowhead Powersports; additionally, AEP serves the Golf, Marine,Agricultural, Industrial, Automotive and Outdoor Power Equipment markets as aleading non-discretionary aftermarket parts supplier.
InSeptember of 2015, AEP partnered with The Riverside Company, a global private equityfirm, as part of its recapitalization to support its future growth plans.