Jeg’s Sold

[Markeracer]

Will this impact the company that has been so good to the Sportsman racer?

https://www.prnewswire.com/news-rele...ytMtMAjq-_ToJ8

[1347]

Only time will tell, but I would be afraid the main concern would be making shareholders the most on their investment as possible. And my guess is they aren't racers, and could care less about racing, just making money. Sort of the opposite of what most Jegs customers are about, if we were about building our portfolio, Sportsman racing wouldn't be part of it.
Hope I am wrong

[otnipecar]

Maybe that is why I am getting around 4 of their Deals emails daily now. Time to unsubscribe...

[Frank Castros]

Jeg the man should be worshiped by his family for creating this windfall. He is a visionary at the highest level. This is another Drag Racing success story not unlike Edelbrock, Holley, Hooker and Iskenderian.

[B Parker]

As a past owner of several businesses, it's always the bottom line that is the most important part of your business. How you achieve that is by taking care of your customers. Sportsman racers may not own Stock of Greenbriar but we are a large customer base. I wouldn't think much would change. Just my opinion. BP

[CMcAllister]

Well I don't know. Selling out to an equity firm has worked so well for all the racers and customers of these other iconic performance companies.

What could go wrong?

[SDT1DYI]

One thing for sure that will happen is Jegs will change. Either good or bad, depends on ones position.
The employees most likely will be starting over with new hire dates. The name will change to Jegs LLC DBA as Jegs.com or something similar.
Historical Private Equity loses approximately 60% of the company's existing employees in the first 6-12 months.
As I started with, its going to change.

Steve Teeter STK/SS 620

[Shadylane]

Originally Posted by CMcAllister

Well I don't know. Selling out to an equity firm has worked so well for all the racers and customers of these other iconic performance companies.

What could go wrong?

Well I can tell you about an experience I had getting my QuickTime/Holley bellhousing re-certified, not so great. Short of it all, I was told they couldn’t certify my Stocker 302, 2 barrel, 6000 rpm bellhousing to 6.1w it had to be to 6.3! This is after I sent it to them and gave them my $175. What? So send it back and I’ll find someone else to do it. They returned it to the wrong zip code, 200 miles away. After two weeks of talking and tracking it down I finally found someone who knew what he was talking about, and guess what, they really could certify it after all. Took almost a month for all this to happen and I finally got it back, re-certified.
The first time I sent it to QuickTime (pre Holley) no issues turned it around in 10 days. Oh and I asked the tech if I could get his phone extension so I didn’t have to keep calling and going through all the prompts wasting at a minimum of 15 minutes each call. Nope against company policy!
Can you tell I’m still mad about it?

[Rory McNeil]

Originally Posted by Shadylane

Well I can tell you about an experience I had getting my QuickTime/Holley bellhousing re-certified, not so great. Short of it all, I was told they couldn’t certify my Stocker 302, 2 barrel, 6000 rpm bellhousing to 6.1w it had to be to 6.3! This is after I sent it to them and gave them my $175. What? So send it back and I’ll find someone else to do it. They returned it to the wrong zip code, 200 miles away. After two weeks of talking and tracking it down I finally found someone who knew what he was talking about, and guess what, they really could certify it after all. Took almost a month for all this to happen and I finally got it back, re-certified.
The first time I sent it to QuickTime (pre Holley) no issues turned it around in 10 days. Oh and I asked the tech if I could get his phone extension so I didn’t have to keep calling and going through all the prompts wasting at a minimum of 15 minutes each call. Nope against company policy!
Can you tell I’m still mad about it?

In addition to Kelly`s fiasco, when Quicktime got bought out by Lakewood, many of Lakewoods scattershields , as well as some of Quicktimes slower movers were discontinued. The 390-428 Ford FE Lakewood has been dropped, and the Quicktime model, for some strange reason, was designed around the use of a shorter diaphragm pressure plates, so to make a Long style clutch fit (like every OE FE powered Ford car came with from the factory), requires stacking block plates to make it work. I don`t know if Tim Hyatt (RIP) ,recertified Quicktime bellhousings, but over the years, I had him recert my Lakewood and McLeod bells at his trailer at the NHRA National events. Anybody aware of any independent places that can do the recerts?

[Detroit Bob]

I don't believe anything good can come from this. The Coughlin family are racers and business people. Private equity is just money.
Art Van was a large furniture chain started in the Detroit Area 40 years ago.
The principal dies, the wife and kids sell the firm off to private equity. Which in turn loaded it with debt. 2 years later poof, liquidated. Gone!
Private equity will run over their mothers and grandmothers to make a dollar.