American Motorcycle Dealer AMD 223 February 2018

™ R NOW IN OU 26 EA t R h Y T H E L E A D I N G B U S I N E S S M A G A Z I N E F O R T H E I N T E R N AT I O N A L C U S T O M M O T O R C Y C L E A N D PA RT S I N D U S T RY Tucker Rocky and Biker’s Choice VP Kenan Ikels addresses industry ‘Noise’ with reorganization process dealer update ddressing the company’s dealers, on January 10th Tucker Rocky/Biker’s Choice VP Sales and Marketing Kenan Ikels issued an update statement concerning the group’s reorganization plan under the Chapter 11 filing process. “On Wednesday, January 10th, Tucker Rocky filed its Disclosure Statement and Plan for restructuring our debt with the bankruptcy court -this is a major milestone. These documents outline the legal structure of MAG and Tucker Rocky upon emergence from Chapter 11. “Our goal was to move through this process in 4 to 6 months while conducting ‘business as usual’. We are very much on target to accomplish that. Soon, we will emerge from Chapter 11 a much stronger company.” The 4 to 6-month timescale Ikels referenced started when MAG filed on November 15, 2017, as it sought to achieve a $300m debt recapitalization with new owners undertaking a debt for equity swap. The new owners who A have taken 100 percent equity ownership of MAG are New York based Monomoy Capital Partners and Contrarian Capital Partners, and London based BlueMountain Capital. Ikels continued: “I want to take a moment to address our vendor relationships. I know there has been some ‘noise’ in the industry and I want to ensure you are getting the facts. As you would expect, the Chapter 11 working hard to get vendors paid in full filing caused concern for many of our vendors, and rightly so. “But it’s important that you know that we have been working very hard to get our vendors paid in full. We are in the final stage of securing ongoing commitments with our vendors that represent 99% of our revenue. “Our business is built on a platform of strong, personal relationships that we KuBig Custom Flathead A Flathead-Softail? You bet! Congratulations to Jakub Kaderabek (KuBig Custom) of the Czech Republic – ninth place in the AMD World Championship at ‘INTERMOT Customized’ in October 2016 with this “Retro Metro” hybrid that pays tribute to the illustrious history of the motorcycle industry in its old Czechoslovakian heyday. Full story pages 32/33 have every intention of maintaining. Our vendors are our valued partners.” Tucker Rocky Distributing had been owned by Indianapolis based Lacy Diversified Industries (LDI) since 1989. Their entry into the Harley-Davidson parts and accessory aftermarket came in acquiring custom, performance and service parts specialist NEMPCO (New England Motorcycle Parts Company) in 1982. At the time NEMPCO was well known for its Twin Power service and speciality components programs and Biker’s Choice brand accessories. Under the leadership of industry veteran Bob Kay, TR consolidated NEMPCO in to their Texas headquarters in 1997 and rebranded it as Biker’s Choice in 1998. Two years ago Biker’s Choice brought back the Twin Power brand as a standalone program under the expert management of well-known former S&S Cycle and Baker Drivetrain man James Simonelli. Commenting on the future Ikels says: “Looking forward, the Tucker Rocky and Biker’s Choice Dealer and Brand Expo is taking place February 8-9, and Continues on page 10 >>> FEB 2018 ISSUE #223 BST WHEELS FOR H-D, V-TWINS AND CUSTOMS LATEST