Charger Portfolio Company, Aeromotive, Merges with Roadster Shop
LOS ANGELES, October 31, 2023 – Charger Investment Partners (“Charger”) announced today its portfolio company, The Aeromotive Group, has merged with the Roadster Shop to create a new automotive aftermarket powerhouse. Financial terms of the transaction were not disclosed. Located in Mundelein, IL, Roadster Shop is the premier manufacturer of chassis and suspension products for classic and restomod cars and trucks, street rods, and performance EV vehicles. Roadster Shop is also known for its premier custom car builds, which are used to develop and market new and exciting products.
The combination of Aeromotive and Roadster Shop is expected to drive the development of innovative products, services and content, and will leverage a robust financial and operational foundation to support accelerated growth across all brands. Roadster Shop co-founders, Jeremy and Phil Gerber, will continue to propel innovation, build the brand they founded and will continue to be involved in writing the next chapter for combined business.
“As a lifelong enthusiast, I’m thrilled to announce this partnership between The Aeromotive Group and Roadster Shop,” said Laurent Potdevin, CEO of The Aeromotive Group. “Having helped build global iconic brands in my career, I believe Roadster Shop is a gem in the automotive industry uniquely positioned to become an aspirational, iconic and global phenomenon. As a result of this alliance, Roadster Shop can leverage The Aeromotive Group’s portfolio of brands, its operational foundation, and access to new levels of capital for expansion.”
“We are very excited about the combination of Aeromotive and Roadster Shop,” said Aaron Figura, Managing Director at Charger. “Both businesses are synonymous with innovation, passion and performance. We look forward to working closely with Laurent, Jeremy and Phil as they continue to grow this truly differentiated company.”
About Charger Investment Partners
Based in El Segundo, California, Charger Investment Partners is a private equity firm that invests in dynamic small and mid-sized companies primarily in the industrial, services, and consumer industries that can benefit from Charger’s partnership and value enhancement expertise. The firm’s principals have decades of experience successfully building market-leading companies and utilizing an operationally focused, flexible capital approach that encompasses a variety of transaction types including ownership transitions, corporate carve-outs, and recapitalizations. For more information, please refer to the Charger website at www.chargerinv.com.
About Roadster Shop
Roadster Shop is a custom vehicle and chassis manufacturer located in Mundelein, Illinois. For over 25 years, Roadster Shop has been building the finest vehicles and chassis for street and performance driving. They strive to push the envelope and craft something elevated from the competition. With in-house machine, body and paint shops, as well as design and engineering teams utilizing technologies like laser 3D printing, Roadster Shop handles every aspect of a car or chassis build from development to prototyping to production. For more information, visit www.roadstershop.com.
About The Aeromotive Group
The Aeromotive Group houses the automotive aftermarket’s top shelf manufacturers of performance products including Aeromotive Fuel Systems, Waterman Racing Components, PerTronix Ignition Products, Taylor Cable Products, JBA Performance Exhaust, Doug’s Headers, Patriot Exhaust, Compu-Fire performance products and Spyke motorcycle products. From hot rods to muscle cars, late-model cars, trucks, motorcycles and professional race teams, The Aeromotive Group’s industry savvy and product expertise provide spark, horsepower, sound, and unrivaled performance for enthusiasts of classic to modern vehicles.
For more information please visit www.Aeromotiveinc.com and www.Pertronixbrands.com.
For additional information, please contact Paul Wolf, Managing Director, at (310) 701-9000 or via e-mail at email@example.com.