New Development-Oriented House owners Will Spend in Firm’s Factory
Functions, Advertising and marketing Courses and Existence with Consumers
A few RIVERS, Mass., April 4, 2022 /PRNewswire/ — LDR Expansion Associates right now introduced the acquisition of Mustang Bike Items LLC, maker of Mustang Seats and connected bike extras, in a non-public transaction closed last Friday. Mustang, known for superior-good quality, handmade motorbike seats, was founded in 1980 close to A few Rivers, MA, in which the enterprise maintains manufacturing facility operations. Mustang was acquired out of Motorsport Aftermarket Team, owned by a group of traders, led by Monomoy Money Partners.
New Expansion-Oriented Homeowners Will Invest in Firm’s Factory Operations, Advertising and marketing Courses and Presence with Shoppers
“Mustang Seats presents a huge option for us at LDR,” mentioned William Brame, partner at LDR and co-head of its acquisition enterprise. “Our distinctive method is in supplying developing corporations the sources they need to proceed to extend although pinpointing regions for new worth development. We’ll spend in folks, technological know-how, and the equipment the enterprise needs to assistance supply the legendary Mustang Seats to motorbike riders looking for our solutions domestically and internationally.”
Mustang employs 85 folks in a historic facility in Three Rivers. The corporation was started by Al Simmons and named after the legendary P51 military services aircraft from World War II. Mustang types and manufactures a wide variety of types of seats, with fitments for all major brands of bikes. The company also delivers rider and passenger backrests and seating-associated products.
LDR Advancement Associates is a private investment decision agency centered on getting and developing unique, cash flow generating enterprises in the producing, industrial items, and transportation sectors. The enterprise now owns and operates Whitman Controls, a 50-calendar year company of approach automation controls with huge, multinational prospects across a selection of industries. LDR, founded in 2011 by a few US Army officers, is also the owner of LDR Advisory Associates and LDR Management, corporations which target on enhancing organization, staff and leadership functionality.
LDR intends to keep Mustang’s operations in its present-day most important locale as it adds manufacturing know-how, production capacity and promoting capabilities to the group. The corporation has extra just about 20 added workforce since September of 2021 and the new proprietors foresee hiring additional sources in the coming months to attain their ambitions.
“We imagine in Mustang’s products, in its people today and in the power of the bike accent industry,” continued Brame. “Our management is enthusiastic about entrenching ourselves in this enterprise and in the riding local community. We seem ahead to conference our faithful clients and associates at rallies and situations this calendar year.”
“The leadership and personnel here at Mustang couldn’t be happier about the information,” mentioned Mustang GM Mike Cornelius. “The more investment decision from LDR will assist us choose the upcoming step forward. Our orders present that riders want Mustang Seats and our workforce is energized to continue on to deliver them to our loyal dealers and buyers.”
ABOUT MUSTANG Motorcycle Products
Mustang Seats are handcrafted in the United states of america to give riders the model they want and the convenience they have earned. Mustang is known globally as the optimum good quality bike seats for pretty much all brands of motorcycles. Centered in 3 Rivers, Massachusetts, the organization sells seats and add-ons through its community of premier powersports sellers and immediate to individuals as a result of www.mustangseats.com.
ABOUT LDR Growth Associates
LDR Advancement Associates supports growth-oriented organizations, management teams, and entrepreneurs with equity funds and precision help to scale operations and optimize returns beneath a spirit of marketplace leadership, creativity, and innovation. LDR is led by a five-individual cross-functional leadership group, and was established in 2011 by U.S. Military Officers, with a common vision for enterprise management and the electricity of building, supporting, and expanding exceptional teams. The corporation has offices in Stamford, CT, Houston, TX, and Washington DC.
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Resource Mustang Seats