MSD Performance Group (MSDP), a company focusing on vehicle aftermarket performance parts, announced that the company has been acquired by Hot Rod Brands, an affiliate of Z Capital Partners . MSDP sells products under the MSD, Racepak, Powerteq, Edge and Superchips brands. In a release on Dec. 16 , MSDP said it filed a voluntary Chapter 11 bankruptcy protection petition on Sept. 6 . Z Capital is a private equity firm with approximately $1.2 billion of regulatory assets and committed capital with offices in Lake Forest, Ill. , and New York, N.Y. The firm specializes in investing in companies with a strong product line and top tier brand recognition. The group leverages its operational expertise in actively working with the management teams of their portfolio companies to enhance enterprise value. "We are excited to add MSDP to the Z Capital portfolio of companies and believe it to be a terrific growth platform. We will work with the management team to continue to be a market leader and deliver cutting edge products to our loyal customer base. MSDP represents substantial brands within the performance segment and we look forward to further solidifying and growing that brand recognition," said James J. Zenni , President and Chief Executive Officer of Z Capital . Ron Turcotte , MSDP's CEO, said, "Our restructuring allows us to be positioned for substantial growth through an even greater ability to serve our customers with new, innovative product offerings and a higher level of customer service." MSD Performance, Inc. , is headquartered in El Paso, Texas . More information: www.msdperformance.com www.powerteq.com www.racepak.com ((Comments on this story may be sent to firstname.lastname@example.org ))
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