American Motorcycle Dealer AMD 179 June 2014 | Page 8

Tucker Rocky / MAG announce completion of their "merger" <<< Continued from cover stated that it “had been a major participant in the power sports industry for 25 years through its ownership of Tucker Rocky/Biker’s Choice", and referenced their business ownership strategy as being one of "build and hold". That said, rumors about consolidation and potential "merger" of operations were rife at the time, fuelled in part, it would appear, by LDI also stating that “longterm success for the company will be built by bringing enhanced selection, service and solutions to power sports dealers in order to drive retail sales growth.” A statement that appears to presage leveraging of combined ownership and Tucker Rocky/Biker's Choice resources in a rather more "integrated" way than a simple investment holding company strategy might suggest. While those rumours have died down since, and with all concerned remaining tight-lipped about details, there nonetheless is widespread relief that MAG ownership will reside "within" the industry and a growing sense that this particular chapter in the story of aftermarket consolidation brings opportunity for dealers with it. At the time MAG Chairman, shareholder and original founding partner Arnie Ackerman was quoted as saying that “the strategic merit for this combination stems from the highly complementary product and service offerings of each of these businesses.” Lacy Diversified is somewhat of an American institution, certainly an Indianapolis institution, owing its origins to a business founded there in 1912 by Howard Lacy. The Lacy Diversified name was adopted in 1972 to reflect the evolution of the group and now, 102 years since it was founded, it is still owned and operated by the Lacy family, with Andre Lacy as Chairman and his son, John A. Lacy, representing the fourth generation of the family to be involved in the ownership and operation of the group. Famously, Tucker Rocky owes its origins to Texan Ed Tucker's 1967 wholesale motorcycle oil business and subsequent expansion and diversification following Bob Nickell's purchase of the business in 1972. The business became Tucker Rocky (TR) in 1986 following the purchase of Rocky Cycle, and was acquired by Lacy Diversified Industries in 1989. NEMPCO, a specialist New England based Harley aftermarket 'G0