New Progress-Oriented Entrepreneurs Will Invest in Company’s Manufacturing facility
Operations, Promoting Programs and Presence with Customers
A few RIVERS, Mass., April 4, 2022 /PRNewswire/ — LDR Progress Companions these days announced the acquisition of Mustang Motorbike Merchandise LLC, maker of Mustang Seats and connected motorbike add-ons, in a non-public transaction shut final Friday. Mustang, known for significant-excellent, handmade motorbike seats, was started in 1980 in the vicinity of 3 Rivers, MA, where by the enterprise maintains factory operations. Mustang was procured out of Motorsport Aftermarket Team, owned by a group of investors, led by Monomoy Cash Companions.
New Expansion-Oriented House owners Will Commit in Company’s Factory Functions, Advertising Plans and Existence with Customers
“Mustang Seats provides a large prospect for us at LDR,” said William Brame, companion at LDR and co-head of its acquisition organization. “Our exceptional strategy is in providing rising organizations the sources they want to keep on to expand when figuring out locations for new value creation. We will make investments in individuals, technologies, and the equipment the firm demands to enable provide the iconic Mustang Seats to bike riders searching for our products domestically and internationally.”
Mustang employs 85 individuals in a historic facility in 3 Rivers. The firm was established by Al Simmons and named right after the legendary P51 army plane from Globe War II. Mustang models and manufactures a selection of types of seats, with fitments for all main brand names of motorcycles. The firm also offers rider and passenger backrests and seating-connected merchandise.
LDR Advancement Companions is a non-public investment firm concentrated on attaining and escalating distinctive, money circulation building enterprises in the producing, industrial products, and transportation sectors. The firm at the moment owns and operates Whitman Controls, a 50-yr producer of process automation controls with significant, multinational clients across a variety of industries. LDR, launched in 2011 by three US Military officers, is also the proprietor of LDR Advisory Companions and LDR Management, corporations which target on strengthening organization, employee and management general performance.
LDR intends to hold Mustang’s operations in its present primary spot as it provides producing technological innovation, output ability and internet marketing abilities to the organization. The corporation has additional approximately 20 further staff members given that September of 2021 and the new entrepreneurs anticipate using the services of further methods in the coming months to complete their targets.
“We believe that in Mustang’s solution, in its folks and in the toughness of the motorcycle accessory market place,” continued Brame. “Our leadership is thrilled about entrenching ourselves in this organization and in the using group. We search ahead to meeting our faithful customers and associates at rallies and functions this year.”
“The leadership and employees right here at Mustang could not be happier about the information,” stated Mustang GM Mike Cornelius. “The supplemental investment from LDR will support us just take the subsequent step forward. Our orders demonstrate that riders want Mustang Seats and our group is enthusiastic to carry on to provide them to our faithful sellers and shoppers.”
ABOUT MUSTANG Bike Goods
Mustang Seats are handcrafted in the United states to give riders the type they want and the convenience they are entitled to. Mustang is recognised globally as the best excellent bike seats for virtually all makes of bikes. Dependent in 3 Rivers, Massachusetts, the business sells seats and equipment by means of its network of leading powersports sellers and immediate to people through www.mustangseats.com.
ABOUT LDR Advancement Associates
LDR Progress Companions supports development-oriented firms, administration teams, and entrepreneurs with fairness funds and precision assistance to scale operations and optimize returns below a spirit of market place leadership, creativity, and innovation. LDR is led by a 5-man or woman cross-practical leadership workforce, and was started in 2011 by U.S. Military Officers, with a frequent vision for company management and the electric power of creating, supporting, and escalating remarkable groups. The corporation has places of work in Stamford, CT, Houston, TX, and Washington DC.
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Resource Mustang Seats