International Dealer News IDN 118 Apr/May 2014 | Page 12

POWERSPORTS INSIDERS Motorsport Aftermarket Group (MAG) merges with distribution giant Tucker Rocky Former Tucker Rocky President Steve Johnson has retired from his position as Chair of the Aftermarket Committee of the Motorcycle Industry Council (MIC), and from the MIC Board of Directors. Johnson was the President and Chief Operating Officer of Tucker Rocky Distributing for 12 years before retiring at the end of 2012. The MIC is to stage its annual meeting in Washington, D.C,. on May 19-20 2014. The decision to host their event in the US capital is designed to give its membership (which now includes dealers as well as motorcycle manufacturers and aftermarket vendors) the opportunity to join the MICs ongoing mission to maintain a high profile for motorcycle industry concerns. <<< Continued from back page generation of the family as CEO and President. Lacy say theirs is a “build and hold” business ownership strategy, and points to their 25 year ownership of Tucker Rocky/Biker’s Choice as testimony to their long-term investment approach. Tucker Rocky owes its origins to Texan Ed Tucker’s 1967 wholesale motorcycle oil business and the 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. Tucker Rocky is a strictly wholesale operation Following the retirement of Steve Johnson at the end of 2012 Dan Courtney became President of Tucker Rocky and will continue in that role following the merger that claims it sells over 100,000 products to all sectors of the motorcycle and wider powersports market, through seven domestic US distribution centres. MAG was founded in 2000 by Arnie Ackerman and his partners and the San Francisco based equity investor Duff Ackerman and Goodrich (DAG), with the specific intention of acquiring, financing and developing leading motorcycle aftermarket parts and accessory brands and manufacturers. As the man who had largely guided the acquisition strategy and driven development of the Group, Arnie Ackerman retained a shareholding in MAG in 2006 when DAGs interest was acquired by Leonard Green & Partners the Los Angeles based equity investor with current involvements in well known American consumer brands such Brian Etter continues in his role as President of Motorsport Aftermarket Group (MAG), the parent company of well known parts and accessories brands such as Vance & Hines, KuryAkyn, Performance Machine, Progressive Suspension, J&P Cycles, Mustang Seats and UK based offroad specialist Renthall as Petco, The Sports Authority, J Crew, Lucky Brand Jeans, the Palms Casino Resort in Las Vegas, and the London based fashion retailer Top Shop. Although details are confidential, it would appear that the structure of the deal will mean that Ackerman, and several of the former principals of the businesses that MAG has acquired, will now, effectively, also have a stake in Tucker Rocky/Biker’s Choice. The deal is subject to regulatory scrutiny but is expected to close in the second quarter of 2014. www.ldiltd.com www.maggroup.com www.tuckerrocky.com www.bikerschoice.com Polaris adds Wisconsin based Kolpin to its off-road vehicle and accessory line-up POLARIS Industries continues on the acquisition trail, buying Kolpin Outdoors, Inc., a privately owned, Wisconsin-based company that is best known for its offroad vehicle (ORV) accessories, and branded and private label