Dynatek Purchased by Dynojet
October 14, 2004
Filed under Features
Dynojet Research, Inc., Las Vegas, has acquired Dynatek, a company operating as Dyna Performance Electronics. Terms of the transaction were not disclosed.
Based in Glendora, Calif., Dynatek is a designer, assembler and manufacturer of performance electronics for motorcycles, ATVs, dirt bikes and drag bikes; as well as electronic accessory products, including coils, spark plug wires, voltage monitors, charge monitors, relay kits, toggle switches and pressure switches.
"We have experienced tremendous sales growth in 2004 and expect the Dyna acquisition will allow us to amplify this trend," said Robert Vlcek, president and CEO of Las Vegas-based Dynojet. "With the support of Graham Partners, we continue to look for add-on acquisition opportunities to expand our product offering and solidify our position as a leading supplier of aftermarket performance products for motorcycles and powersports equipment."
Industrial private equity firm Graham Partners, Philadelphia, Penn., acquired Dynojet from The Riverside Company in February 2004.
Dynojet is a leading manufacturer of performance diagnostic equipment for engines (approximately 42% of total sales); and, with its branded Power Commander, Jet Kit, and Dynamometer product lines, is a leading manufacturer of aftermarket engine performance products for motorcycles, powersports vehicles, and cars (approximately 58% of sales). The company sells its products in 32 countries around the world.