Jeg’s Sold
 

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

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

Re: Jeg’s Sold
 

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

Re: Jeg’s Sold
 

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

Re: Jeg’s Sold
 

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.

Re: Jeg’s Sold
 

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

Re: Jeg’s Sold
 

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?

Re: Jeg’s Sold
 

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

Re: Jeg’s Sold
 

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?

Re: Jeg’s Sold
 

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?

Re: Jeg’s Sold
 

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.

Re: Jeg’s Sold
 

"The Coughlin Family, which has successfully guided the Company's expansion across three generations, said, "After more than sixty years in business, our family was very focused on identifying a growth partner who shares our values and has a clear vision for the future of JEGS. We've found that partner in Greenbriar, and we look forward to remaining significant shareholders alongside them."

The sky may not be falling, but only time will tell.

Re: Jeg’s Sold
 

looking at possible future enviromental lawsuit losses (they just rook a 1.8m hit) id be selling out too ....

if these lawsuits are not stopped in supreme court we are all done

:(

Re: Jeg’s Sold
 

I'm not sure what the lawsuit was from, but many in this industry are caused by shipping errors, such as inadvertently sending hazardous materials by air freight. That's one way a high performance retailer can wind up in hot water.

Re: Jeg’s Sold
 

Is it based off of non emission approved items being sold for street use? IDK

Re: Jeg’s Sold
 

I know that distributors/manufacturer's can get fined/sued for shipping hazardous materials by air freight, such as lithium batteries, performance fuel additives, circle track tire treatments, etc. That's where a lot of the problems lie, not some political conspiracy.

Re: Jeg’s Sold
 

State of California sued Jegs for selling into the state, illegal auto parts that modify emissions on street driven Vehicles.
Jegs settled the case for 1.7 m.


Steve Teeter Stk/SS 620

Re: Jeg’s Sold
 

Sacramento—The California Air Resources Board today announced that JEGS Automotive Inc. will pay $1,700,500 to resolve violations of anti-pollution laws related to the sales and marketing of illegal aftermarket performance parts in California.Feb 5, 2018

Re: Jeg’s Sold
 

I would say that answers that. Thanks again Cali, f...... up another good thing. How about all the human fecal matter on the streets of San Francisco and LA. That s...t must be good for the environment.

Re: Jeg’s Sold
 

[QUOTE=BRINK;657989]I would say that answers that. Thanks again Cali, f...... up another good thing. How about all the human fecal matter on the streets of San Francisco and LA. That s...t must be good for the environment.[/QUOTE

If I was Jegs, I would never sell a part again to anyone who lives in the republic of California. F that state. Between their off road engine laws, madates on electric cars, and even gun laws, it seems impossible to live there.

Re: Jeg’s Sold
 

That's the same thing everyone who ever sold the family business to an equity firm has said.

Time will tell indeed.

Re: Jeg’s Sold
 

The law suit by The State of California against Jegs begs the question, how many more after market resellers and manufactures are in the States cross-hairs?
The State can not get enough money from the individual who owned the car and modified it illegal, so they go after the companies that sold them the parts because they have the money. Re

Steve Teeter STK/SS 620

Re: Jeg’s Sold
 

[QUOTE=1347;657990]Bingo.

California? Sorry. Don't ship there. Especially government agencies.

Re: Jeg’s Sold
 

Aftermarket part manufacturing companies, re-sellers and distributors are being targeted by deep-rooted individuals acting on their own initiative within certain agencies. That's why SEMA and other automotive groups are pushing for passage of the RPM Act.
Did JEGS get fined by the EPA?
CHICAGO (September 13, 2021) – Today, U.S. Environmental Protection Agency announced a settlement requiring Jeg's Automotive Inc. of Delaware, Ohio, to pay a $300,000 civil penalty for selling aftermarket motor vehicle parts that EPA alleges violated the Clean Air Act.Sep 13, 2021

Re: Jeg’s Sold
 

Just another good reason for the NHRA BOD to come down from the Ivory Tower and move to Indy!

Re: Jeg’s Sold
 

And it is these agencies, departments and offices, full of nameless, faceless, unelected, unaccountable, agenda driven bureaucrats, making up crises and the solutions for them, able to punish and fine people with no due process, and given their power by lazy elected officials, that are driving these family run companies overseas and/or into the arms of the equity firms.

The Jegs and Edelbrocks and Darts and Comps, etc., etc,. just get tired of dealing with it, cash out and go enjoy life.

Re: Jeg’s Sold
 

Remember Reagan’s nine most terrifying words…

Re: Jeg’s Sold
 

This speaks by itself...

https://nypost.com/2022/02/25/john-k...raine-hot-air/

Re: Jeg’s Sold
 

Air pollution has been a problem for over 50 years in California, there's over 39 million people in the State, there's a mountainous terrain that traps pollution and warm climate that helps form ozone and other pollutant, they gotta do what they gotta do!

Re: Jeg’s Sold
 

Maybe someone should educate them on how minute an impact modified vehicles actually have on the environment.

They are not doing "what they gotta do". They could do away with every modified vehicle in California and it would have as close to ZERO impact as they could possibly get.

Re: Jeg’s Sold
 

****ing Incredible

Re: Jeg’s Sold
 

Summit and others got hit with huge fines too. How do they know the parts are for street use or going on a vehicle that isn't pre-emissions era? If this crap isn't defeated then we could end up having to register car parts like guns.... if we can even buy any.

Re: Jeg’s Sold
 

Jeg's, Summit and the rest of the industry should be protected by the simple "Not for use on street vehicles or vehicles used on public highways" notice that has been used for years. Going after these companies for the sins of the end user is extortion and abuse, and is an underhanded attempt to destroy the car/truck hobby. Period.


Does Louisville Slugger get fined everytime someone uses their bat to clobber someone? Does Ford get fined when some nutjob drives his Explorer through a Christmas parade?

This is the same crap being fought - mostly successfully - by the firearms industry. It's a #### shame that this is being allowed to happen to any legit business, simply because it on the wrong side of political correctness.

Re: Jeg’s Sold
 

Read Jegs return policy - It has changed - not sure exactly when - but it used to be 12 months for most items - not anymore

https://helpcenter.jegs.com/hc/en-us...s/360059265393

Re: Jeg’s Sold
 

Years ago I was looking through an encyclopedia @ my late mother-in-laws and in the 1800's the indians called this area "the valley of smoke"

Re: Jeg’s Sold
 

In their defense, I don't blame them.

My involvement in retail auto parts over the years, and dealing with customers who abuse an already lenient return policy, tells me this is a big money loser for them. The amount of time people waste by buying crap they don't need and then returning it is amazing.

Used stuff returned, worn out junk returned, items that have laid around a dirty shop for 6 months, stuff torn up trying to make it fit, torn up packaging and unsellable items - people have no respect and will abuse the system. So much stuff that just gets thrown in the trash as there is nothing else that can be done with it. It's not just a few percentage points has been my experience.

Re: Jeg’s Sold
 

^^^ this

Re: Jeg’s Sold
 

Speaking of Jegs. My wife has been using Amazon for years. I just recently bought my first thing there a few weeks ago. It was $60 less on there. Than on Jegs or other mail order website. Guess who’s box it came in. Jegs and I didn’t have to pay the $11.99 or whatever it is for shipping. How is that? I won’t go into too much other stuff. And side track the hell out of this thread. But even if it doesn’t come from one of the normal mail order places They slaughter the prices ona lot of performance parts. Don’t get me wrong. I hate what they are doing to small businesses. But all the speed shops are gone now. Might as well goto the lowest bidder if the parts are all the same.

Re: Jeg’s Sold
 

My wife is a big Amazon buyer and I've used it a good bit too. She was telling me last week about some people she knows that sell on Amazon. If you become one of Amazon's clients they will advertise and sell your products for you. You ship from your (Jegs) facilities. BUT... you can never sell those products cheaper than the Amazon advertised price. Never.
BTW, here's all the company's Jegs new owner owns..

https://www.greenbriarequity.com/portfolio/

Re: Jeg’s Sold
 

Amazon is the playground of counterfeiters.

Re: Jeg’s Sold
 

Crazy times we live in! This is probably the beginning of the end for jegs! Curious if jegs came away with cash or needed the cash to stay afloat? Guaranteed the first thing the PE firm starts to cut are race sponsorships and purses, PE means one thing, SHOW ME THE MONEY!