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Total Seal sold? #2666983
06/17/19 07:17 PM
06/17/19 07:17 PM
Joined: Jan 2005
Posts: 4,243
Charlotte, North Carolina
sgcuda Offline OP
master
sgcuda  Offline OP
master

Joined: Jan 2005
Posts: 4,243
Charlotte, North Carolina
Did anyone see this yet? So many questions. Makes me nervous.

https://www.dragzine.com/news/total-seal-piston-rings-company-sold-to-investment-group/

Re: Total Seal sold? [Re: sgcuda] #2667015
06/17/19 09:04 PM
06/17/19 09:04 PM
Joined: Nov 2004
Posts: 3,544
Syracuse,NY
CompWedgeEngines Offline
master
CompWedgeEngines  Offline
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Joined: Nov 2004
Posts: 3,544
Syracuse,NY
Its all good, Its staying with guys already at the company. Should allow them to do some more things. Not the typical investors group crap I dont believe.


RIP Monte Smith

Your work is a reflection of yourself, autograph it with quality.

WD for Diamond Pistons,Sidewinder cylinder heads, Wiseco, K1 rods and cranks,BAM lifters, Morel lifters, Molnar Technologies, Harland Sharp, Pro Gear, Cometic, King Engine Bearings and many others.
Re: Total Seal sold? [Re: CompWedgeEngines] #2667034
06/17/19 10:02 PM
06/17/19 10:02 PM
Joined: Oct 2003
Posts: 1,560
yarnell,az
M
mopacltd Offline
pro stock
mopacltd  Offline
pro stock
M

Joined: Oct 2003
Posts: 1,560
yarnell,az
Matt is a personal friend and a stellar person. He has and will continue to grow the company with his knowledge, personality, racing and business prowess.

Re: Total Seal sold? [Re: mopacltd] #2667045
06/17/19 10:36 PM
06/17/19 10:36 PM
Joined: Jan 2003
Posts: 20,730
A collage of whims
topside Online content
Too Many Posts
topside  Online Content
Too Many Posts

Joined: Jan 2003
Posts: 20,730
A collage of whims
Sometimes an "investors group" is the money behind employees buying a business, aka venture capitalists.
If the same good people are there, it's usually a good thing.

Re: Total Seal sold? [Re: topside] #2667119
06/18/19 09:42 AM
06/18/19 09:42 AM
Joined: Apr 2003
Posts: 3,508
Tulsa, Oklahoma
340Cuda Offline
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340Cuda  Offline
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Joined: Apr 2003
Posts: 3,508
Tulsa, Oklahoma
It sounded like the late founder's family wanted out.

To me this is a much better deal than if the business was sold to some conglomerate.

Re: Total Seal sold? [Re: CompWedgeEngines] #2667156
06/18/19 11:12 AM
06/18/19 11:12 AM
Joined: Aug 2003
Posts: 43,097
Bend,OR USA
C
Cab_Burge Offline
I Win
Cab_Burge  Offline
I Win
C

Joined: Aug 2003
Posts: 43,097
Bend,OR USA
Originally Posted by CompWedgeEngines
Its all good, Its staying with guys already at the company. Should allow them to do some more things. Not the typical investors group crap I dont believe.

I wonder if it is the same group that has bought Diamond, Wiesco, Trend and several other hard part racing companies?
Diamond and Total Seal seemed to be hook together at the hip work


Mr.Cab Racing and winning with Mopars since 1964. (Old F--t, Huh)
Re: Total Seal sold? [Re: 340Cuda] #2667237
06/18/19 02:56 PM
06/18/19 02:56 PM
Joined: Jan 2003
Posts: 8,018
Tulsa OK
Bad340fish Offline
master
Bad340fish  Offline
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Joined: Jan 2003
Posts: 8,018
Tulsa OK
Originally Posted by 340Cuda
It sounded like the late founder's family wanted out.

To me this is a much better deal than if the business was sold to some conglomerate.


Yeah Holley has enough of our hobby bought up already.


68 Barracuda Formula S 340
Re: Total Seal sold? [Re: Bad340fish] #2667270
06/18/19 04:10 PM
06/18/19 04:10 PM
Joined: Dec 2005
Posts: 11,497
Fulton County, PA
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CMcAllister Offline
Mr. Helpful
CMcAllister  Offline
Mr. Helpful
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Joined: Dec 2005
Posts: 11,497
Fulton County, PA
Per DRO
"Pro Stock racer Matt Hartford, who has been sponsored by Total Seal Piston Rings for years and was a vice president of the company, has just purchased the company. He moves up to the title of president and CEO.
Total Seal was founded in 1967 by Joe Moriarty, who passed away in 2016, when his son, Joe Jr., took over the business. Hartford joined the company in 1998. After competing in the sportsman classes, he moved to Pro Stock in 2006.
Hartford joined with investment group partners Promus Equity Partners and Jon S. Vesely to purchase the company.
He intends to keep on driving in NHRA Pro Stock competition, where he currently is in sixth place in the point standings."


If the results don't match the theory, change the theory.
Re: Total Seal sold? [Re: CMcAllister] #2667283
06/18/19 04:45 PM
06/18/19 04:45 PM
Joined: Jan 2003
Posts: 19,355
Las Vegas
Al_Alguire Offline
I Live Here
Al_Alguire  Offline
I Live Here

Joined: Jan 2003
Posts: 19,355
Las Vegas
My guess is Matt goes fulltime PS racing very very soon...


"I am not ashamed to confess I am ignorant of what I do not know."

"It's never wrong to do the right thing"






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