“The acquisition expands Legendary Companies’ position in the Corvette market and is consistent with the company’s strategy of growing its portfolio of authentic components to comprehensively serve classic vehicle enthusiasts,” the company said in a statement announcing the acquisition.
Together with Coker Tire and Paragon Corvette, the acquisition of Corvette Central represents the third business to be added to Legendary Companies’ portfolio of brands since partnering with Irving Place Capital in 2018, the company said.
Corvette Central, which has been owned by Jerry Kohn and his family since its founding in 1975, is a provider of parts to upgrade, repair or restore all generations of the Chevrolet Corvette.
“We are excited to add Corvette Central to our growing portfolio of restoration parts for collectible vehicles,“ said Legendary Companies President and CEO Mike Kealey. “The Kohn family has built a business with an amazing culture and philosophy centered on providing classic vehicle owners with the broadest selection of high quality parts. We appreciate the family’s trust in us to maintain the company’s culture while continuing to grow our collective business both organically and through additional acquisitions.”
“We are thrilled to have found a long-term home for Corvette Central with the like-minded leadership group at Legendary Companies,” said Jerry Kohn, President of Corvette Central. “Joining forces with Legendary Companies will enhance our collective ability to bestserve the enthusiast consumer with an unmatched offering of authentic restoration parts, wheels and tires.”
Financial terms of the transaction were not disclosed.