BCP Portfolio Company Eckler’s Acquires MAC’s Antique Auto Parts
TITUSVILLE, Fla., Nov. 1, 2012
Baird Capital Partners, the U.S.-based buyout fund of Baird Private Equity, announced today that its portfolio company Eckler’s has acquired MAC’s Antique Auto Parts (“MAC’s”). The terms of the deal were not disclosed.
Titusville, Fla.-based Eckler’s is a multi-channel, direct-to-consumer marketer of restoration parts and accessories for classic and enthusiast vehicles, including Chevrolet Corvette, Classic Chevy’s from the 1950’s, Camaro, Impala, El Camino and Ford Sedan.
Based in Lockport, N.Y., MAC’s is a leading seller of classic Ford auto parts and accessories, with a particular focus on pre-World War II models including Model T’s, Model A’s and Flathead V8’s. Additionally, the company sells parts for Ford Trucks, Thunderbirds, Mercuries, Galaxies, Mustangs, Falcons and Edsels.
“MAC’s origins, culture and entrepreneurial leadership team integrate seamlessly with Eckler’s,” said Eckler’s CEO Matt Jordan. “We are excited for the opportunity to expand our product offering and secure Eckler’s position as a leader in the Ford restoration market.”
“Eckler’s acquisition of MAC’s adds industry expertise and operational efficiency, both integral elements that drive revenue growth,” said Gordon Pan, Managing Partner at Baird Capital Partners. “The near-term market trends are very favorable and we believe the company is well positioned for continued growth within its existing customer base and through future acquisitions.”
About Baird Capital Partners
Baird Capital Partners, the U.S.-based buyout fund of Baird Private Equity, invests in lower middle-market companies in the business services, manufactured products and healthcare sectors. Established in 1989, Baird Capital Partners leverages its deep sector knowledge, experienced investment team and extensive operating resources to drive value in its portfolio companies. Baird Capital Partners is supported by operating resources in Asia focused on facilitating and executing Asia sourcing, manufacturing and distribution strategies for Baird Capital Partners’ portfolio companies. Baird Private Equity is the global private equity group of Robert W. Baird & Co. (Baird). For more information, please visit bairdcapitalpartners.com