Nautic Partners Acquires Leading Manufacturer of Brakes and Braking Systems

Investment is Firm’s 25th Transaction in the Manufacturing Sector
Providence, RI

Nautic Partners, LLC, a private equity firm with more than $1.8 billion of capital under management, today announced that it has partnered with senior management to acquire HB Performance Systems, Inc., a leader in the non-automotive brake industry. Terms of the transaction were not disclosed. HB Performance Systems manufactures custom braking systems for original equipment manufacturers of motorcycles, bicycles, ATVs, snowmobiles, and other non-automotive applications. With operations in Mequon, Wisconsin and Taiwan, HB serves customers such as Arctic Cat, Caterpillar, Decathlon, Giant, John Deere, Harley-Davidson, Kona, Polaris, Trek Bikes, and Textron.

Fraser Preston, a Vice President of Nautic Partners, said, “We are happy to have the opportunity to partner with Rand McNally and his team. HB is the top manufacturer in several niche markets, with highly engineered products serving a premier customer base. The Company has seen strong growth in recent years and we believe that there are significant future opportunities through both add-on acquisitions and new product development.”

Nautic Partners has deep experience in the manufacturing sector, with 25 transactions in that category since the firm was founded. These transactions, which have taken the form of leveraged buyouts, management buyouts, and leveraged recapitalizations, include such companies as Savage Sports Corp., a manufacturer of sporting rifles and firing range systems, NEPTCO Holdings, a maker of wire, cable, and electronic packaging component materials, IPS Group, a leader in the production of plastic pipe adhesives and plumbing hardware, and Pace Fitness, a manufacturer of motorized consumer treadmills.

About HB Performance Systems, Inc.

HB Performance Systems was started in Milwaukee in 1946. Since 1969, the corporate headquarters has been located in Mequon, Wisconsin where the Company employs 350 people in its 155,000 square foot modern manufacturing facility. HB also has manufacturing and sourcing capabilities in Asia. The Company currently holds 25 patents with 20 more in process. HB Performance Systems’ many years of experience and development in the field have led to a comprehensive range of products for recreational, construction, agricultural, and military vehicles as well as motorcycles, bicycles, and other types of mobile and stationary equipment.