CJ Pony Parts announced that it is partnering with American Powertrain, a branded market leader in transmission kits for various classic vehicle applications. This expanded platform will allow CJ Pony to grow its portfolio of in-house proprietary brands, a key pillar in CJ Pony’s growth strategy, while providing American Powertrain access to CJ Pony’s e-commerce expertise and resources.
Mike Large, President of CJ Pony Parts, commented, “The combination of CJ Pony Parts and American Powertrain will open up a wide range of market opportunities for both companies as they are able to leverage each other’s expertise in e-commerce distribution and transmission product kits, respectively. The opportunities this partnership presents are truly exciting, and I am confident in a successful future together. We are enthusiastic about the growth potential of American Powertrain and are committed to investing significant resources to fuel its continued expansion.”
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Robert Hall, Founder of American Powertrain, said, “This is an exciting move. It’s wonderful to watch American Powertrain, which started 20 years ago as a home-based business, now take this next momentous leap forward by partnering with CJ Pony Parts. I have every confidence this brand will see strong growth in sales, new product offerings and new markets. Thank you to all the good people who worked so hard to bring us to this point.”
Adam Zacuto, Principal with Century Park Capital Partners and Board Member of CJ Pony Parts, commented, “The product offering that American Powertrain brings to our assortment further enhances CJ Pony’s position as a market leader in the classic vehicle restoration category. Additionally, this partnership is a big step toward our goal of building a portfolio of valuable owned brands. We are fortunate to have such a high-quality brand and talented employee base join the CJ Pony family.”
SOURCE: Businesswire