Tailwind Capital Invests in RANDYS Worldwide Automotive
New York – May 2019 – Tailwind Capital (“Tailwind”), a middle market private equity firm investing in targeted sectors within healthcare, business services and industrial services, announced the acquisition of RANDYS Worldwide Automotive (“RANDYS”). RANDYS is a leading designer and asset-light supplier of highly-engineered drivetrain products to the automotive aftermarket.
RANDYS’ products include differential gears, axles, installation kits, lockers, limited slip differentials, driveshafts and remanufactured transfer cases, differentials and manual transmissions. The company markets its drivetrain products under three brands: Yukon Gear & Axle, U.S.A. Standard Gear and Zumbrota Drivetrain. RANDYS caters to all channels in the aftermarket, including installers, big box retailers, remanufacturers, e-commerce retailers and enthusiasts. RANDYS employs over 200 team members across seven warehouses and facilities, and the company continues to grow as it adds new product lines, brands and applications.
Jeff Calhoun, Partner at Tailwind, commented, “RANDYS has created a portfolio of brands and products known for their quality, consistency and customer satisfaction. Tailwind looks forward to working with the RANDYS team to leverage its impressive customer loyalty and leading brands to continue growing the company.”
For more information about RANDYS visit https://www.randysworldwide.com/.
About Tailwind Capital
Tailwind Capital is a middle market private equity firm focused on growth-oriented investments in targeted sectors within healthcare, business services and industrial services. Tailwind partners with experienced management teams and entrepreneurs to transform businesses through organic growth initiatives, acquisitions, and operational and strategic investments. Since inception, Tailwind has managed $3.6 billion of committed equity capital, and has invested in 40 portfolio companies and over 90 add-on acquisitions.