Cycle News

Cycle News 2022 Issue 02 January 11

Cycle News is a weekly magazine that covers all aspects of motorcycling including Supercross, Motocross and MotoGP as well as new motorcycles

Issue link: https://magazine.cyclenews.com/i/1441959

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IN THE WIND P46 Arrowhead Engineered Products Acquires Western Power Sports A rrowhead Engineered Prod- ucts (Arrowhead), a global leader in aftermarket parts distri- bution, announced the acquisi- tion of powersports distributor Western Power Sports (WPS). WPS serves nearly 12,000 cus- tomers with more than 150 sales reps and seven U.S. distribution centers. "This acquisition is an impor- tant step in our growth strategy and aligns with our mission—to be the largest off-road aftermar- ket parts supplier in the world," said John Mosunic, CEO of Arrowhead. "WPS, a leading powersports distributor in North America, has a tremendous reputation with its dealer network and I'm thrilled to have their team lead our powersports segment. The combined power of Western Power Sports' trusted distribution and dealer network with Arrow- head's additional brands, global distribution footprint, and best- in-class supply chain network creates a powerful team giving dealers a wider selection of quickly available products." Newly appointed WPS Chief Operating Officer, Steve Lester, replaces former owner Craig Shoemaker at the helm and add- ed, "Through the sale process, we spoke with several quality companies that expressed inter- est in WPS—Arrowhead was the only company with an excellent cultural fit and matched our com- mitment to customer service." Familiar global powersports brands built by Arrowhead include those under the All Balls Racing Group (ABRG): All Balls Racing, Vertex Pistons, Cylinder Works, Hot Cams, Hot Rods, Pivot Works and Tiger Lights. These do not include a dozen brands also owned by Arrowhead focused on outdoor power equip- ment, agriculture, arborist, golf cars and other specialty equip- ment. Likewise, brands owned, built, or exclusively distributed by WPS include FLY Racing, Sedona Tire & Wheel, Open Trail, Shinko Tires, Fire Power, HardDrive, Highway 21, SP1, LC, GMAX, Rale, ScorpionEXO, Alpinestars, POD and more. "Western Power Sports is a strong strategic fit with a comple- mentary product offering and a passion for providing great service to dealers and consum- ers," concluded Mosunic. "We will work together to ensure this combination supports our customers and benefits the entire industry." Wells Fargo Securities served as exclusive financial advisor to Western Power Sports. CN Arrowhead Engineered Products has acquired Western Power Sports in its goal of being the largest off-road aftermarket parts supplier in the world.

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