16 January 2017

RIYADH – Investcorp, a global provider and manager of alternative investment products, has acquired a significant minority stake in Arrowhead Engineered Products, the leading value-added distributor of mission-critical replacement parts in the US specialty vehicle market.

Arrowhead, based in Minnesota, is a global supplier of non-discretionary, mission-critical, rotating electrical parts and their components for the powersports, outdoor power equipment, agricultural, industrial, marine, heavy-duty and automotive end-markets. It is one of the sector’s fastest growing companies and has distribution and sourcing locations in North America, Europe and Asia. Arrowhead employees service over 40,000 customers on a daily basis.

Arrowhead recently has completed add-on acquisitions of aftermarket replacement parts providers Stens and J&N Electric. Both Stens and J&N Electric are highly complementary add-on acquisitions for Arrowhead and they significantly increase Arrowhead’s scale in this attractive market. These acquisitions are expected to further enhance the pace of new product introductions, expand customer reach and create extensive cross-selling opportunities.

Yasser Bajsair, Managing Director at Investcorp in the Kingdom of Saudi Arabia, said “Arrowhead is a great addition to the Investcorp portfolio and we are excited by the prospect of working with the management team to drive the next phase of its growth. We believe the acquisitions of Stens and J&N Electric, will diversify and expand Arrowhead’s capabilities.”

CEO of Arrowhead Jim Wisnoski said “Investcorp has deep experience in the motorized parts industry that is invaluable for Arrowhead’s next phase. We believe their network, capital and capabilities will help us execute on our ambitious growth plans.”

On a consolidated basis, Arrowhead offers more than 100,000 non-discretionary replacement parts for a broad range of outdoor power, agricultural, construction, on-highway truck, automotive, marine and powersports applications.

© The Saudi Gazette 2017