Radial Equity Partners Announces New Partnership with Moss Motors and Rimmer Bros
April 16 2024 - 7:25PM
Business Wire
Radial Equity Partners (“Radial”) announced on April 12, 2024
simultaneous investments in Moss Motors (“Moss”) and Rimmer Bros
(“Rimmer Bros”) to form a leading, global specialty supplier of
restoration & replacement parts focused on British vehicle
brands.
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Moss is a U.S.-headquartered aftermarket supplier of parts for
British cars, including Austin-Healey, Jaguar, MG and Triumph, as
well as the Mazda MX-5. Founded in 1948, Moss offers a broad
portfolio of over 50,000 SKUs to a variety of retail customers,
wholesalers, and service operations worldwide. The company is
headquartered in Goleta, CA and operates six facilities across the
United States, United Kingdom (“UK”) and France.
Rimmer Bros is a UK-based supplier of replacement parts for UK
marque vehicles, including Jaguar, Land Rover, MG, Mini, Rover and
Triumph. Founded in 1982, Rimmer Bros maintains a comprehensive
product library of over 50,000 SKUs sold primarily on a
direct-to-consumer basis. The company operates a single site in
Lincoln, UK.
Ed Moss, President of Moss, said, “We are pleased to partner
with Radial, an experienced vehicle aftermarket investor, as we
transition Moss from its third generation of family ownership. The
Moss team is thrilled to be combining forces with Rimmer Bros to
create a leading global supplier of replacement parts for British
vehicles.”
Bill and Graham Rimmer, founders of Rimmer Bros, commented, “The
merger of these highly complementary businesses creates a global
business with immense R&D, sourcing, marketing and distribution
capabilities to better serve our loyal customers.”
“We are excited by the opportunity to carry on the great
legacies of these two family-owned businesses,” said Jim McDonough,
Partner of Radial. “We are committed to continuing to provide
leading service to customers as well as expanding the offering of
parts solutions across existing British brands as well as new
vehicle marques.”
The new platform represents a continuation of the Radial team’s
focus on investing in the vehicle aftermarket, a key area of focus
for the firm. The Radial team has completed investments across the
performance, replacement and restoration categories of the vehicle
aftermarket. The combination of Moss and Rimmer Bros represents the
fourth platform investment the Radial team has led in the vehicle
aftermarket.
About Moss Motors:
Moss is a provider of restoration and replacement parts for UK
vehicles and the Mazda MX-5. Throughout its history, Moss has grown
organically, through new product development as well as
inorganically, through the completion of multiple acquisitions. The
company has approximately 240 employees across its six operations
in the U.S. and Europe. Moss serves more than 140,000 customers in
over 100 countries globally. More information about Moss is
available at www.mossmotors.com.
About Rimmer Bros:
Rimmer Bros is supplier of replacement and restoration parts for
British marque vehicles. Originally focused on Triumph vehicles,
Rimmer Bros has extended its range of vehicle applications over its
40-year history. The company has approximately 80 employees working
out of its operation in Lincoln, UK. Rimmer Bros serves more than
100,000 customers in over 150 countries worldwide. More information
about Rimmer Bros is available at https://rimmerbros.com/.
About Radial:
Radial is a private equity firm focused on investing in
middle-market businesses serving consumer and industrial markets.
Radial invests in businesses where the firm can apply relevant
prior experience and a network of industry relationships to support
its management teams. More information about Radial is available at
www.radialequity.com.
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