Concord, North Carolina, October 1st / PRNewswire / -- Viking Mergers & Acquisitions Recently represented the owners of Woodward Machine Corporation in the sale to Heintz Performance Inc. Heintz Performance is a racing sports and performance retailer headquartered in Concord, North Carolina.
Woodward Machine Corporation was established in 1978, specializing in the design and custom manufacturing of precision power steering racks, steering components, and suspension links for racing cars and motorsport applications. The company is the exclusive steering supplier for NASCAR Cup Series, and has been providing safety steering columns and quick-release wheel hubs approved by NASCAR since 1995.
The height-adjustable steering system of Woodward utilizes the company's proprietary Woodward servovalve system, which does not contain any internal parts from the original equipment manufacturer, and is manufactured entirely within the company.
"I am incredibly proud of everything I have built together with Gloria over the years, and more so, I am proud of all the people and customers who have been part of the Woodward Machine story along the way," said Tony Woodward. "We are grateful for the many relationships we have established in the racing and performance community over these years."
This transaction is built on a 30-year partnership between Woodward Machine Corporation and Heintz Performance, both of which have long-standing connections with the racing industry and the automotive after-sales market.
“Woodward Machine Corporation has established a good reputation in the global motorsport manufacturing industry,” said Heintz Performance Inc, the owner of Scott Heintz. “We are delighted to have the opportunity to continue the legacy that Tony and Gloria Woodward began many years ago, and at the same time invest in the talents, capabilities, and relationships that have made the company successful. Our goal is to continue developing on this foundation and to keep Woodward Machine growing for a long time to come.”
Woodward Machine Corporation will continue to operate in Casper, Wyoming, under the new company name of WMC Manufacturing LLC. This business will benefit from Heintz Performance's industry experience and sales expertise, while continuing to serve its existing customer base and seeking opportunities for capacity expansion and growth.
Heintz Performance will continue to serve customers in the Concord and Charlotte areas, expand its inventory, and remain focused on customer service and product knowledge.
Viking Mergers & Acquisitions Senior Consultant at Charlotte Office; Jeff Edge represents the seller in this transaction.
About Viking Mergers in Charlotte, North Carolina and Acquisitions
Viking M &A provides support for business owners in Charlotte with annual incomes ranging from 2 million to 250 million US dollars. Viking offers free business valuation services, continuous valuation updates, as well as comprehensive exit planning and strategies for small and medium-sized business owners.
As one of the largest and most successful mergers and acquisitions (M&A) firms in the United States, Viking is headquartered in Charlotte, North Carolina, and Tampa, Florida, with 20 offices across the country. It provides excellent brokerage services as well as M&A consulting. Over the past 30 years, Viking has successfully sold more than 950 companies, with a transaction rate exceeding three times the industry average. Viking has consistently maintained a transaction rate of 85%, and sellers can typically receive 96% of their asking price.
For confidential and free business valuation services, or to learn more about selling or acquiring businesses, please visit https :// www.vikingmergers.com / market / business-brokers-charlotte-nc.
