Radial Equity Associates Announces New Partnership with Moss Motors and Rimmer Bros
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GOLETA, Calif. & LINCOLN, England — Radial Equity Partners (“Radial”) announced on April 12, 2024 simultaneous investments in Moss Motors (“Moss”) and Rimmer Bros (“Rimmer Bros”) to sort a main, world specialty supplier of restoration & replacement pieces targeted on British vehicle brands.
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Moss is a U.S.-headquartered aftermarket supplier of elements for British autos, which includes Austin-Healey, Jaguar, MG and Triumph, as effectively as the Mazda MX-5. Founded in 1948, Moss gives a wide portfolio of more than 50,000 SKUs to a wide variety of retail clients, wholesalers, and assistance operations around the world. The business is headquartered in Goleta, CA and operates 6 services across the United States, United Kingdom (“UK”) and France.
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Rimmer Bros is a British isles-based mostly provider of substitution elements for Uk marque motor vehicles, which include Jaguar, Land Rover, MG, Mini, Rover and Triumph. Started in 1982, Rimmer Bros maintains a extensive products library of around 50,000 SKUs bought mainly on a direct-to-consumer foundation. The corporation operates a solitary internet site in Lincoln, British isles.
Ed Moss, President of Moss, mentioned, “We are happy to partner with Radial, an experienced car aftermarket investor, as we transition Moss from its third technology of spouse and children possession. The Moss crew is thrilled to be combining forces with Rimmer Bros to create a top worldwide supplier of replacement elements for British autos.”
Invoice and Graham Rimmer, founders of Rimmer Bros, commented, “The merger of these really complementary enterprises creates a global organization with immense R&D, sourcing, advertising and distribution capabilities to superior provide our loyal customers.”
“We are thrilled by the option to carry on the terrific legacies of these two relatives-owned firms,” said Jim McDonough, Husband or wife of Radial. “We are dedicated to continuing to offer leading services to consumers as nicely as expanding the presenting of sections remedies across existing British brands as very well as new vehicle marques.”
The new platform represents a continuation of the Radial team’s focus on investing in the motor vehicle aftermarket, a vital place of concentration for the business. The Radial crew has concluded investments across the effectiveness, alternative and restoration groups of the auto aftermarket. The mixture of Moss and Rimmer Bros represents the fourth platform investment decision the Radial team has led in the auto aftermarket.
About Moss Motors:
Moss is a company of restoration and alternative components for United kingdom cars and the Mazda MX-5. All over its history, Moss has developed organically, by means of new product or service improvement as very well as inorganically, as a result of the completion of various acquisitions. The business has roughly 240 workers across its 6 functions in the U.S. and Europe. Moss serves extra than 140,000 shoppers in above 100 nations globally. Additional information and facts about Moss is offered at www.mossmotors.com.
About Rimmer Bros:
Rimmer Bros is provider of substitute and restoration pieces for British marque automobiles. At first concentrated on Triumph automobiles, Rimmer Bros has prolonged its vary of motor vehicle programs in excess of its 40-calendar year heritage. The corporation has somewhere around 80 workers performing out of its operation in Lincoln, United kingdom. Rimmer Bros serves more than 100,000 clients in above 150 nations around the world all over the world. Much more details about Rimmer Bros is accessible at https://rimmerbros.com/.
About Radial:
Radial is a private fairness company focused on investing in middle-industry corporations serving purchaser and industrial marketplaces. Radial invests in corporations where by the firm can use relevant prior working experience and a network of marketplace interactions to help its administration teams. Much more facts about Radial is accessible at www.radialequity.com.
Check out supply edition on businesswire.com: https://www.businesswire.com/news/property/20240416025209/en/
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