Project GT350 is a U.S.-based industry leader of premium engineered suspension kits for muscle cars, collector cars, custom cars, and trucks through early 2000s. The company offers the broadest range of suspension solutions for popular performance aftermarket car models starting from the 1940’s.
The company has diversified into industrial vehicle products as a supplier for both new vehicles and aftermarket replacement products. Testing and approval were completed in 2022 and expected to add 6-10% incremental revenue in 2023.
The company can fit seamlessly into a larger performance brands company or remain a standalone business and basis for acquisitions. Their customer is also purchasing brakes, wheels, engine, exhaust, and body components in both the restoration and high-performance markets.
Project GT350 Company Details:
- Adjusted EBITDA of ~11% (approx. $900,000)
- Average Margin of 46%
- Revenue +10% from 2019 to projected 2022
- AS 9003S manufacturing floor
- Engineering team with R&D Center
- Product and industry innovator
- Unmatched product integrity and performance
- Industrial applications coming to market
- Patent protection over key products
- Transparent reporting systems and culture
- Integrated manufacturing and component supply
- Strong experienced leadership team
- Established 35+ year premium brand
- Long employee, customer, and vendor retention
- EV Expertise
The company will be at the SEMA show November 1-4 and available for in person introductions.
For more information, contact:
Chris Bovis
Partner, Hart Marx Advisors
785-764-6248
CBovis@HartMarxAdvisors.com
Tim Wheeler
Partner, Hart Marx Advisors
248-515-6344
TWheeler@HartMarxAdvisors.com