Franchise Capital eyes new Acquisition Candidate
It is only recently that Franchise Capital Corporation has closed its acquisition of Aero Exhaust, Inc., a leading producer of Aftermarket Performance Parts specifically on high performance exhaust airflow technology, as well as a renowned NASCAR performance partner. However, it would seem that FCC has set its eyes on another acquisition candidate, which is said to be equipped with considerable synergies in relation to the operations and procedures of Aero Exhaust. The still-to-be-divulged acquisition candidate was hinted as belonging in the automotive supply industry.
With this, the company is planning to send an initial letter of intent to the acquisition candidate, with the hopes of entering into a definitive and viable agreement after all terms and negotiations have been fully discussed and ironed out by both parties.
Ben Hunsaker, Franchise Capital and now Aero Exhaust’s Chief Executive Officer, explained further the company’s growing divisions: “While the growth of Aero Exhaust is expected to be the core focus of management, we will continue to seek out opportunities to build shareholder value through the acquisition of additional synergistic operations in the automotive supply and performance products market segments.”
“We believe that this type of roll-up strategy will have the potential for a dual benefit for the company and its shareholders. First, the additional revenues and assets that can be acquired through this process will potentially improve the company’s valuation in the public markets. Second, but possibly even more significant for the future growth of Aero, is that certain synergistic acquisitions may also contribute to the growth of Aero Exhaust itself. These opportunities may be in the supply of parts for the mufflers and exhaust systems that Aero distributes.”
“We expect to have this acquisition candidate signed to a letter of intent very shortly, and we look forward to providing additional information regarding the potential of this acquisition as soon as the appropriate agreements are in place,” Mr. Hunsaker concluded.
Below is a brief profile on Aero Exhaust. For more detailed information on this, as well as current news regarding Franchise Capital, please visit http://www.franchisecapitalcorp.net.
Aero Exhaust is a world leader in performance exhaust airflow technology, manufacturing and distributing the most technologically advanced muffler on the market. Its product lines are built to the highest industry standards and offer the consumer a lifetime warranty. Aero Exhaust has been issued U.S. and Australian patents on its innovations and development in the exhaust industry, and its mufflers are available worldwide through major retailers, mass merchant centers, automotive aftermarket supply stores and wholesalers. Aero Exhaust mufflers are an exclusive National Association for Stock Car Auto Racing (NASCAR) Performance product and carry the prestigious NASCAR brand on product, packaging and related media. NASCAR legend Rusty Wallace is the official spokesperson for Aero Exhaust products. Additional information on Aero Exhaust’s products, race team, and motorsports ventures can be found on its corporate website, www.aeroexhaust.com.