SCAT Enterprises And Air Flow Research To Join Forces

SCAT Enterprises, LLC announced  Thursday that it has been acquired by Taglich Private Equity, LLC, which recently also acquired Air Flow Research Heads, Inc., a leading manufacturer of cylinder heads and intake manifolds for the high-performance automotive aftermarket. For over 50 years, SCAT has been a leading manufacturer of high-performance crankshafts, connecting rods, and rotating assemblies used in the performance automotive aftermarket. The transaction includes the Procar by SCAT seating division. SCAT’s management team will remain in place along with SCAT’s production facility and employees, located at its headquarters in Redondo Beach, CA.

SCAT was founded in 1964 by Tom Lieb, and for over 50 years has a long history of bringing innovation to the automotive aftermarket. Today SCAT provides the broadest selection of high-quality and high-performance crankshafts, connecting rods, and rotating assemblies in the industry. Procar makes a wide range of high-quality seats and seat brackets used in the hot rod, muscle car, and street racing segments.

We are excited about partnering with AFR and continuing to build on the foundation that we have built over the years. SCAT has a fantastic brand, strong team and an impressive legacy, which we are fortunate to add to our company. I am thrilled about the opportunity to work with and learn from Tom, Craig, and the rest of the team at SCAT. – Shawn Sterling, CEO of AFR and SCAT

Tom Lieb will remain involved in the business going forward and SCAT’s current COO, Craig Schenasi, will become CFO of the combined companies and an owner in the business. SCAT has held a dominant position in performance automotive aftermarket since its inception, and Tom’s knowledge of crankshafts, connecting rods, and engine components has made him an industry icon. The company’s commitment to excellence has earned its products a place within the fastest race cars and with the best engine builders in the country.

“Completing this sale doesn’t represent the end, but merely another step in SCAT’s long and successful history,” stated Tom Lieb. “We are excited about partnering with AFR and continuing to build on the foundation that we have built over the years.” Shawn Sterling, who will be the CEO of AFR and SCAT stated, “SCAT has a fantastic brand, strong team, and an impressive legacy, which we are fortunate to add to our company. I am thrilled about the opportunity to work with and learn from Tom, Craig, and the rest of the team at SCAT. We believe that the AFR, SCAT and Procar brands will create a lot of synergies for our customers while providing tremendous growth opportunities for our employees. We will focus on our customers and employee’s success, as we believe this is the key to our future growth, both organically and through acquisitions of other performance aftermarket companies.”

Will Morris, Managing Director of Taglich Private Equity, stated, “We are very excited about the SCAT acquisition and honored to partner with Tom Lieb and the team at SCAT who have built an amazing business over the past 50 years. We continue to be very interested in exploring additional add-on acquisition opportunities in the high-performance automotive aftermarket to accelerate growth and build upon our product offerings.” Financing for the transaction was arranged by Taglich Private Equity with equity provided by Taglich and Farragut Capital Partners, who also provided subordinated debt. Byline Bank provided the senior debt financing. The Spartan Group acted as exclusive financial advisor to SCAT. Dentons Durham Jones Pinegar acted as legal advisor and Moss Adams acted as due diligence advisor to Taglich.

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About the author

Andrew Wolf

Andrew has been involved in motorsports from a very young age. Over the years, he has photographed several major auto racing events, sports, news journalism, portraiture, and everything in between. After working with the Power Automedia staff for some time on a freelance basis, Andrew joined the team in 2010.
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