HOME FORUM RULES CONTACT
     
   
   

Go Back   CLASS RACER FORUM > Class Racer Forums > Stock and Super Stock
Register Photo Gallery FAQ Community Calendar

Reply
 
Thread Tools Display Modes
Old 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
Default 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
Markeracer is offline   Reply With Quote
Old 02-27-2022, 12:32 PM   #2
1347
Senior Member
 
1347's Avatar
 
Join Date: Aug 2007
Location: Monroe Twp NJ
Posts: 502
Likes: 1,030
Liked 989 Times in 273 Posts
Default 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
1347 is online now   Reply With Quote
Old 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
Lightbulb 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
otnipecar is online now   Reply With Quote
Old 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
Default 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.
Frank Castros is offline   Reply With Quote
Old 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
Default 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
B Parker is offline   Reply With Quote
Old 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
Default 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?
CMcAllister is online now   Reply With Quote
Old 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
Default 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
SDT1DYI is offline   Reply With Quote
Old 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
Default 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
SDT1DYI is offline   Reply With Quote
Reply


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump


All times are GMT -4. The time now is 11:07 PM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2025, vBulletin Solutions Inc.
Copyright Class Racer.com. All Rights Reserved. Designated trademarks and brands are the property of their respective owners.