S&W Performance Group, a 63-year-old world-renowned manufacturer of chassis and components for drag racing and performance vehicles, has been acquired by a private investment firm owned by automotive enthusiasts.
The acquisition was the first of two major announcements made Tuesday by S&W President Terri (Weney) Gdowik.
“I have decided to step away from the property and retire. It was a tough decision as I have dedicated my life to our family business and have truly enjoyed piloting S&W into its successful sixth decade,” said Gdowik. “We sincerely thank the customers, employees and business partners who have contributed to our success. I am confident that my father’s founding mission will continue and his business will thrive in the future, under the leadership of two long-time partners and personal friends: Ken Wible and Jay Lankford.
S&W has been headquartered in Spring City, Pennsylvania since 1959 and will remain rooted there. The company’s experienced and knowledgeable team members will also remain in place. Additionally, Wible and Lankford bring a wealth of corporate automotive industry experience to the table, creating a winning combination, according to the company. Based on customer feedback, upgrades to manufacturing equipment and processes will become clear, resulting in increased efficiency and improved products. They will also continue to preserve existing partnerships and develop new vendor partnerships, which will keep the pipeline full.
“S&W is an iconic brand. During the transition, Jay and I will work closely with Terri and our leadership team, to ensure we respect her heritage while creating value,” Wible said. “Continued investments will be made to provide our valued customers with superior products, unparalleled service and industry-leading technical support, long into the future.”