The official announcement was made yesterday afternoon. Tucker Rocky/Biker Choice (LDI LLC) has agreed to merge with Motorsport Aftermarket Group (MAG) owned by majority shareholder Leonard Green & Partners.
LDI LLC, the sole shareholder of Tucker Rocky / Biker’s Choice, will become the majority shareholder of the combined company. Leonard Green & Partners, L.P., the current majority shareholder of MAG, and other existing MAG shareholders will retain a significant minority interest in the combined company.
At closing of the merger expected to happen during the second quarter of this year. J.A. Lacy, President and CEO of LDI, will become Chief Executive Officer of the combined company which will operate under the Motorsport Aftermarket Group name.
Brian Etter will continue in his role as President of MAG’s branded product, media and online retail operations. Dan Courtney will continue as President of Tucker Rocky / Biker’s Choice.
The closing of the transaction is subject to customary regulatory approvals and closing conditions