Compiled by SEMA Editors
Legendary Companies Acquires Paragon Corvette Reproductions
Legendary Companies, led by Wade Kawasaki and his partners at Irving Place Capital, has announced the acquisition of Paragon Corvette Reproductions. The Michigan-based Corvette restoration parts manufacturer and supplier enters as Legendary Companies’ third strategic acquisition since partnering with Irving Place Capital in late 2018. This acquisition expands the range of products available from Legendary Companies and widens its customer base by offering high-quality restoration components for ’53–’96 Corvettes. Under Legendary Companies, Paragon will continue to operate with the same leadership team and staff that has helped drive the company’s growth since its founding in 1970. Legendary Companies will provide additional support where needed to support ongoing operations.
Top Techs Awarded at Pep Boys
As the industry and the National Institute for Automotive Service Excellence (ASE) celebrates Automotive Service Professionals Month, Pep Boys is again recognizing automotive technicians in each business region with its annual Top Tech award program. The 2021 Top Tech award winners are Loy Chour, Anaheim, California; John Morin, St. Augustine, Florida; Dan Stone, Fairless Hills, Pennsylvania; David Wade, Lone Tree, Colorado; and Jose Massanet, Trujillo Alto, Puerto Rico. The Top Techs were selected based on multiple factors, including ASE certifications, strong productivity and performance metrics, mentorship, and living the company’s values. The respective stores of each Top Tech now have the distinction of being home to the country’s most outstanding technicians.
Garrett Motion to Expand China Production Facility
Garrett Motion has announced plans to expand and modernize its existing production facility in Wuhan, China. Garrett’s Wuhan plant opened in 2013 and currently serves major local and global automakers. The expansion, expected to increase its state-of-the-art facility by 50%, is scheduled to be completed in the first quarter of 2022.
Holley Appoints Investment Banking Executive as Vice President
Holley has announced that Vinod (Vinny) Nimmagadda has been appointed as executive vice president of corporate development and new ventures. Nimmagadda, an experienced investment banker, will serve as a member of the executive leadership team and report directly to President and CEO Tom Tomlinson. Prior to joining the Holley team, Nimmagadda served as vice president at Jefferies Group LLC, in the global automotive aftermarket team, where he played a role in many M&A transactions, financings and equity offerings.
CarParts.com Grand Prairie Distribution Center Expands Footprint
CarParts.com Inc. announced that its Grand Prairie, Texas, distribution center is nearly doubling in size with a 156,000-sq.-ft. expansion, bringing the facility to a total of 366,000 sq. ft. The expanded warehouse will increase CarParts.com’s total distribution center network to more than 1 million sq. ft. and allow the company to add 125 full-time positions to its Grand Prairie location when fully operational in Q1 2022.
According to the company, since making a home in Grand Prairie in 2020, CarParts.com has become a part of the community, creating more than 200 jobs to date and donating $100,000 to Feeding Texas’ relief efforts during the winter storms in early 2021.
Aldan American Announces New Website
Aldan American, a leader in aftermarket suspension, is proud to announce the launch of its new website, AldanAmerican.com. The new site features a completely updated theme and design to provide faster load speeds and a streamlined design to easily find the right suspension parts for your car or truck.
Optimized for desktop and mobile, Aldan American site visitors can talk with sales and tech support via Aldan’s online chat feature. Customers can also stay up to date with the latest tech and how-to videos produced at the Aldan Shock Lab.
Port City Racecars Continues Strategic Growth Plan
Port City Racecars (PCR) announced that, over the next 45 days, the company will finalize the acquisition of Crazy Horse Racecars, one of the leading asphalt short track chassis builders in the Northeast and current PCR dealer. Once the acquisition is complete, Crazy Horse Racecars will become Port City Racecars.
The transition will be seamless, and current CHR customers should only expect increased resources to help them win races. These additional resources will include skilled fabricators, sales and marketing efforts, as well as back-end office operations, that will position the company for immediate growth.
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