Jeg’s Sold

Markeracer · 02-27-2022, 11:05 AM

Will this impact the company that has been so good to the Sportsman racer?

https://www.prnewswire.com/news-rele...ytMtMAjq-_ToJ8

1347 · 02-27-2022, 12:32 PM

Only time will tell, but I would be afraid the main concern would be making shareholders the most on their investment as possible. And my guess is they aren't racers, and could care less about racing, just making money. Sort of the opposite of what most Jegs customers are about, if we were about building our portfolio, Sportsman racing wouldn't be part of it.
Hope I am wrong

otnipecar · 02-27-2022, 01:28 PM

Maybe that is why I am getting around 4 of their Deals emails daily now. Time to unsubscribe...

Frank Castros · 02-27-2022, 05:35 PM

Jeg the man should be worshiped by his family for creating this windfall. He is a visionary at the highest level. This is another Drag Racing success story not unlike Edelbrock, Holley, Hooker and Iskenderian.

B Parker · 02-27-2022, 07:23 PM

As a past owner of several businesses, it's always the bottom line that is the most important part of your business. How you achieve that is by taking care of your customers. Sportsman racers may not own Stock of Greenbriar but we are a large customer base. I wouldn't think much would change. Just my opinion. BP

CMcAllister · 02-27-2022, 11:01 PM

Well I don't know. Selling out to an equity firm has worked so well for all the racers and customers of these other iconic performance companies.

What could go wrong?

SDT1DYI · 02-27-2022, 11:58 PM

One thing for sure that will happen is Jegs will change. Either good or bad, depends on ones position.
The employees most likely will be starting over with new hire dates. The name will change to Jegs LLC DBA as Jegs.com or something similar.
Historical Private Equity loses approximately 60% of the company's existing employees in the first 6-12 months.
As I started with, its going to change.

Steve Teeter STK/SS 620

SDT1DYI · 02-28-2022, 07:12 PM

State of California sued Jegs for selling into the state, illegal auto parts that modify emissions on street driven Vehicles.
Jegs settled the case for 1.7 m.

Steve Teeter Stk/SS 620

02-27-2022, 11:05 AM	#1
Markeracer Junior Member Join Date: Jul 2018 Location: Joliet, IL Posts: 76 Likes: 10 Liked 67 Times in 28 Posts	Jeg’s Sold Will this impact the company that has been so good to the Sportsman racer? https://www.prnewswire.com/news-rele...ytMtMAjq-_ToJ8

02-27-2022, 12:32 PM	#2
1347 Senior Member Join Date: Aug 2007 Location: Monroe Twp NJ Posts: 502 Likes: 1,030 Liked 989 Times in 273 Posts	Re: Jeg’s Sold Only time will tell, but I would be afraid the main concern would be making shareholders the most on their investment as possible. And my guess is they aren't racers, and could care less about racing, just making money. Sort of the opposite of what most Jegs customers are about, if we were about building our portfolio, Sportsman racing wouldn't be part of it. Hope I am wrong __________________ Duane Hoven 1342 SS/GT

02-27-2022, 01:28 PM	#3
otnipecar Junior Member Join Date: Nov 2003 Location: Washington Posts: 80 Likes: 154 Liked 78 Times in 37 Posts	Re: Jeg’s Sold Maybe that is why I am getting around 4 of their Deals emails daily now. Time to unsubscribe... __________________ Rick Green 6847 O/SA

02-27-2022, 05:35 PM	#4
Frank Castros VIP Member Join Date: Nov 2001 Location: The Lowcountry. Posts: 2,962 Likes: 2,552 Liked 2,706 Times in 953 Posts	Re: Jeg’s Sold Jeg the man should be worshiped by his family for creating this windfall. He is a visionary at the highest level. This is another Drag Racing success story not unlike Edelbrock, Holley, Hooker and Iskenderian.

02-27-2022, 07:23 PM	#5
B Parker Senior Member Join Date: Sep 2009 Posts: 849 Likes: 980 Liked 2,336 Times in 464 Posts	Re: Jeg’s Sold As a past owner of several businesses, it's always the bottom line that is the most important part of your business. How you achieve that is by taking care of your customers. Sportsman racers may not own Stock of Greenbriar but we are a large customer base. I wouldn't think much would change. Just my opinion. BP

02-27-2022, 11:01 PM	#6
CMcAllister Senior Member Join Date: Sep 2006 Location: Fulton County, PA Posts: 614 Likes: 16 Liked 920 Times in 259 Posts	Re: Jeg’s Sold Well I don't know. Selling out to an equity firm has worked so well for all the racers and customers of these other iconic performance companies. What could go wrong?

02-27-2022, 11:58 PM	#7
SDT1DYI Member Join Date: Nov 2016 Location: Indianola Washington Posts: 401 Likes: 0 Liked 453 Times in 146 Posts	Re: Jeg’s Sold One thing for sure that will happen is Jegs will change. Either good or bad, depends on ones position. The employees most likely will be starting over with new hire dates. The name will change to Jegs LLC DBA as Jegs.com or something similar. Historical Private Equity loses approximately 60% of the company's existing employees in the first 6-12 months. As I started with, its going to change. Steve Teeter STK/SS 620

02-28-2022, 07:12 PM	#8
SDT1DYI Member Join Date: Nov 2016 Location: Indianola Washington Posts: 401 Likes: 0 Liked 453 Times in 146 Posts	Re: Jeg’s Sold State of California sued Jegs for selling into the state, illegal auto parts that modify emissions on street driven Vehicles. Jegs settled the case for 1.7 m. Steve Teeter Stk/SS 620