Gridiron Capital (Gridiron Capital), an investment firm focused on partnering with founders, entrepreneurs, and management teams, has invested in Magneto & Diesel Holdings (M&D), a value-added distributor and remanufacturer of mission-critical aftermarket parts for diesel engines from Warren Equity Partners.
Financial terms of the transaction have not been disclosed.
M&D serves as a one-stop solutions provider for every type of diesel application, with a focus on heavy duty and high horsepower vehicles used in the trucking, infrastructure, agriculture, marine, and transportation markets.
Since 1943, M&D has supported its aftermarket customers in maintaining, repairing, and replacing diesel engine parts with the primary goal of keeping its customers’ money-making machines operational.
Benesch, Friedlander, Coplan & Aronoff LLP served as legal counsel to Gridiron. Piper Sandler & Co served as financial advisor to M&D, and Akerman LLP served as legal counsel.
