MiddleGround Capital, an operationally-focused private equity firm, has bought TMG Performance Products through its platform Race Winning Brands.
TMG is a manufacturer and distributor of performance exhaust and air intakes for automotive and marine enthusiasts.
“Adding CORSA and Volant to our family is a natural fit for RWB,” said Bob Bruegging, CEO of Race Winning Brands. “It continues our strategic move into strong brands with strong manufacturing models. It is also part of our move outside the engine to the critical ‘air-in, air-out’ portions of performance. Working with the strong management team already in place, we plan to provide support for continued growth – internally and through additional acquisitions.”