The acquisition expands Legendary Companies’ Corvette-focused product offering, and together with Coker Tire, Paragon Corvette and Corvette Central, the acquisition of Zip represents the fourth family-owned business to be added to Legendary Companies’ portfolio of brands since partnering with Irving Place Capital in 2018, the company said.
Founded in 1977, Zip maintains a broad product offering for C1 through C8 Chevrolet Corvettes. The company, which has been owned by David Walker and his family since its inception, offers over 45,000 unique parts, the company said.
“Adding Zip to our existing hard parts businesses, Corvette Central and Paragon Corvette, creates an industry leading supplier with an incredibly broad parts library well suited to serve all Corvette owners,“ said Legendary Companies President and CEO Mike Kealey. “David Walker and his family have built an outstanding business with a 45 year history of providing high-quality parts and leading customer service. We are excited that David remains committed to Zip and it’s continued development, and we look forward to working with the broader Zip team to continue growing our combined business.”
“Joining forces with Legendary Companies will expand the breadth of our product offering and improve the level of service we are able to provide to our customers,” said David Walker, president of Zip. “We share an unwavering commitment to providing enthusiast vehicle owners with authentic, high-quality restoration parts, wheels and tires. By working together, we will be able to accelerate the pace of new product development and deliver even more solutions to our customers and partners.”
Financial terms of the transaction were not disclosed.