S&W Performance Group, a drag racing and performance street vehicle chassis and components manufacturer, has been acquired by an automotive enthusiast-owned private investment firm.
“I have decided to step away from ownership and into retirement. It was a difficult decision, as I have devoted my life to our family business and thoroughly enjoyed piloting S&W into its sixth successful decade,” said S&W President Terri (Weney) Gdowik. “A sincere thank you is extended to the customers, employees and business partners who have contributed to our success. I’m confident my father’s founding mission will continue to be achieved and his company will thrive well into the future, under the direction of two long-time business associates and personal friends; Ken Wible and Jay Lankford.”
S&W has been headquartered in Spring City, Pennsylvania since 1959 and it will remain based there along with its current staff, the company said, and will preserve existing and develop new vendor partnerships.
“S&W is an iconic brand. During the transition, Jay and I will be working closely with Terri and our management team, to ensure we respect its heritage while building value,” said Wible. “Ongoing investments will be made, to provide our valued customers with premium quality products, unsurpassed service and industry-leading technical support, long into the future.”