Harris Williams Advises RANDYS Worldwide Automotive on its Sale to Tailwind Capital

May 16, 2019

Harris Williams, a global investment bank specializing in M&A advisory services, announces the sale of RANDYS Worldwide Automotive (RANDYS), a portfolio company of Linsalata Capital Partners, to Tailwind Capital (Tailwind). RANDYS is a leading supplier of highly engineered drivetrain products to the automotive aftermarket. The transaction, led by Joe Conner, Jeff Kidd, Jonathan Meredith and Elliott Yousefian of Harris Williams’ Transportation & Logistics (T&L) Group and Giles Tucker of the firm’s Industrials Group, extends the firm’s track record in the automotive aftermarket.

“RANDYS, through its partnership with Linsalata, has built an impressive organization that is a true leader in the automotive aftermarket,” said Joe Conner, a managing director at Harris Williams. “We are proud to have had the opportunity to work alongside the RANDYS team to help them realize the benefits of all their hard work and successful execution of their vision.”

“RANDYS has found a true partner in Tailwind,” added Giles Tucker, a managing director at Harris Williams. “We are excited for the opportunity ahead and look forward to watching the company thrive as it continues through its next phase of growth.”

RANDYS is a leading supplier of drivetrain products, including differential gears, axles, installation kits, lockers, limited slip differentials, driveshafts and remanufactured transfer cases, differentials and manual transmissions. RANDYS caters to all channels in the aftermarket, including installers, big box retailers, remanufacturers, e-commerce retailers and enthusiasts. The company markets its drivetrain products under three brands: Yukon Gear & Axle, U.S.A. Standard Gear and Zumbrota Drivetrain. RANDYS employs over 200 team members across seven warehouses and facilities, and the company continues to grow as it adds new product lines, brands and applications.

Located in the Cleveland suburb of Mayfield Heights, Ohio, Linsalata Capital Partners was founded in 1984 and has combined its strong financial capabilities with extensive operational experience to accelerate the growth of middle market companies. In its 35 years of investing, the firm has completed 114 buy-side transactions totaling over $4 billion. 

Tailwind is a middle market private equity firm focused on growth-oriented investments in targeted sectors within healthcare, business services and industrial services. Tailwind partners with experienced management teams and entrepreneurs to transform businesses through organic growth initiatives, acquisitions and operational and strategic investments. Since inception, Tailwind has managed $3.6 billion of committed equity capital, and has invested in 40 portfolio companies and over 90 add-on acquisitions.

Harris Williams, an investment bank specializing in M&A advisory services, advocates for sellers and buyers of companies worldwide through critical milestones and provides thoughtful advice during the lives of their businesses. By collaborating as one firm across Industry Groups and geographies, the firm helps its clients achieve outcomes that support their objectives and strategically create value. Harris Williams is committed to execution excellence and to building enduring, valued relationships that are based on mutual trust. Harris Williams is a subsidiary of the PNC Financial Services Group, Inc. (NYSE: PNC).

Harris Williams’ T&L Group serves companies in a broad range of attractive niches, including automotive and heavy duty vehicle, transportation equipment, third-party logistics (3PL), and truck, rail, marine and air transportation. For more information on the firm’s T&L Group and other recent transactions, visit the T&L Group’s section of the Harris Williams website.

Harris Williams’ Industrials Group has experience across a variety of sectors, including advanced manufacturing; aggregates, metals, and mining; building products; chemicals and specialty materials; industrial technology; and packaging. For more information on the firm’s Industrials Group and other recent transactions, visit the Industrials Group's section of the Harris Williams website.

Harris Williams LLC is a registered broker-dealer and member of FINRA and SIPC. Harris Williams & Co. Ltd is a private limited company incorporated under English law with its registered office at 5th Floor, 6 St. Andrew Street, London EC4A 3AE, UK, registered with the Registrar of Companies for England and Wales (registration number 07078852). Harris Williams & Co. Ltd is authorized and regulated by the Financial Conduct Authority. Harris Williams & Co. Corporate Finance Advisors GmbH is registered in the commercial register of the local court of Frankfurt am Main, Germany, under HRB 107540. The registered address is Bockenheimer Landstrasse 33-35, 60325 Frankfurt am Main, Germany (email address: hwgermany@harriswilliams.com). Geschäftsführer/Directors: Jeffery H. Perkins, Paul Poggi. (VAT No. awaited). Harris Williams is a trade name under which Harris Williams LLC, Harris Williams & Co. Ltd and Harris Williams & Co. Corporate Finance Advisors GmbH conduct business.