BlueTR3A-5EKT Posted April 12 Report Share Posted April 12 This is interesting https://www.radialequity.com/portfolio Quote Link to post Share on other sites
Andy303 Posted April 12 Report Share Posted April 12 More here: https://www.radialequity.com/news/moss-rimmer Hopefully they will benefit from having partners with some money to invest in their busnesses and aftermarket parts manufacturing expertise. Quote Link to post Share on other sites
cvtrian Posted April 13 Report Share Posted April 13 6 hours ago, Andy303 said: More here: https://www.radialequity.com/news/moss-rimmer Hopefully they will benefit from having partners with some money to invest in their busnesses and aftermarket parts manufacturing expertise. Fingers crossed, but not necessarily good news, private equity purchases in the UK usually means a 5 year time horizon to extract as much value out of a business as possible before loading it with debt and moving it on. This merger/acquisition also removes any competitive element there was between MOSS and Rimmers and narrows any customer options. Ian Quote Link to post Share on other sites
Waldi Posted April 13 Report Share Posted April 13 Indeed, not necessarily good news for us, customers. Waldi Quote Link to post Share on other sites
PodOne Posted April 13 Report Share Posted April 13 I suspect the quality will fall to the lowest of the pairing while any competitive pricing element will disappear on the back of increased profits. Or they load it with so much debt it folds and they move on to the next family business to feed on. On the plus side the remaining supplies of quality parts might see and increase in demand if they can hold fast. Andy Quote Link to post Share on other sites
RogerH Posted April 13 Report Share Posted April 13 No good will come of this. Both companies are ripe for asset stripping. Thankfully we still have TRShop, TRGB, Revington and other smaller loyal suppliers. It didn't take long, after Pete's death, for the walls to be torn down. Roger Quote Link to post Share on other sites
Nigel Triumph Posted April 13 Report Share Posted April 13 2 hours ago, cvtrian said: Fingers crossed, but not necessarily good news, private equity purchases in the UK usually means a 5 year time horizon to extract as much value out of a business as possible before loading it with debt and moving it on. This merger/acquisition also removes any competitive element there was between MOSS and Rimmers and narrows any customer options. Ian +1 Private equity investors will be looking to extract value. Reducing competition in parts supply in this classic car market segment will enable them to do so. I would expect the following: - Cost savings by merging Moss and Rimmers' operations. - Leveraging of increased buying power to drive down prices paid to parts manufacturers. What effect would this have on quality? - Reduced competition on quality and retail pricing. On the plus side, the new larger combined organisation would have the financial muscle to invest in developing new parts.... If the owners see value in doing so. Nigel Quote Link to post Share on other sites
Nigel Triumph Posted April 13 Report Share Posted April 13 5 minutes ago, RogerH said: Thankfully we still have TRShop, TRGB, Revington and other smaller loyal suppliers. Indeed! Nigel Quote Link to post Share on other sites
james christie Posted April 13 Report Share Posted April 13 Agree with the above observations I see a classic stripping of assets on the horizon. The baying of retirement funds for high return dividends will be heard until only a shell is left. james Quote Link to post Share on other sites
Hamish Posted April 13 Report Share Posted April 13 I really don’t see this as being good news for all the comments above on competition, quality and future proofing. i know some see Rimmer as supplier of last resort but will moss now be forced to sink to the lowest common denominator? Even Revington is, I understand selling his spares business and couldnt see the 2023 sponsorship deal through to supplying the end of year awards sad after so many years support being the sole sponsor. fingers crossed that the smaller independents can capitalise on this. Quote Link to post Share on other sites
tim hunt Posted April 13 Report Share Posted April 13 This means we can kiss goodbye to the excellent FREE Moss parts catalogues. They are sure to fall victim to the pressure to drive cost out of the business. Quote Link to post Share on other sites
RobH Posted April 13 Report Share Posted April 13 11 minutes ago, tim hunt said: They are sure to fall victim to the pressure to drive cost out of the business. I wouldn't be surprised if the Moss shops disappeared too, in favour of on-line sales only from a central warehouse. Quote Link to post Share on other sites
Andy Moltu Posted April 13 Report Share Posted April 13 The parts catalogues May seen good but lead to a near uniformity of prices with less scope for shopping around. The jumbles were using the catalogue and price lists. I guess this is too small an issue for referral as creating a near monopoly. Quote Link to post Share on other sites
Nigel Triumph Posted April 13 Report Share Posted April 13 7 minutes ago, Andy Moltu said: I guess this is too small an issue for referral as creating a near monopoly. That's what I thought too. Nigel Quote Link to post Share on other sites
Andy Moltu Posted April 13 Report Share Posted April 13 I wondered if it was an April Fool but it’s dated 12 April! Quote Link to post Share on other sites
Hamish Posted April 13 Report Share Posted April 13 1 hour ago, Andy Moltu said: The parts catalogues May seen good but lead to a near uniformity of prices with less scope for shopping around. The jumbles were using the catalogue and price lists. I guess this is too small an issue for referral as creating a near monopoly. It’s the info model history / changes and diagrams etc that I find interesting with the catalogues . i go to the web for prices. little point in comparing between the two from now on. Quote Link to post Share on other sites
stuart Posted April 13 Report Share Posted April 13 Interesting, I was talking to Jeff Marks from Moss last week and he had to cut the call short as he was expected in a meeting, I suspect this is what it was all about. Sadly a lot of the suppliers that have been noted as being independent buy a lot of their parts from Moss already, I suspect Loukas at TR Shop wont be too happy about this. As to the new conglomerate investing in new products I suspect it`ll mean the opposite as they wont be interested in slow moving specialist parts and the prices will definitely rise. Not quite the same but the big conglomerates have moved into the animal business taking over vet practices all over the country and the prices have gone through the roof and in consequence insurance cost have spiralled too. Stuart. Quote Link to post Share on other sites
tim hunt Posted April 13 Report Share Posted April 13 13 minutes ago, Hamish said: It’s the info model history / changes and diagrams etc that I find interesting with the catalogues . i go to the web for prices. little point in comparing between the two from now on. Yes indeed, I also valued the Moss catalogue highly for the excellent technical tips Tim Quote Link to post Share on other sites
stuart Posted April 13 Report Share Posted April 13 Your parts price will now have to support all these peoples salaries too https://www.radialequity.com/team Stuart. Quote Link to post Share on other sites
Adam Blackaby Posted April 13 Report Share Posted April 13 Hello all, Been there, done that and got the tee-shirt. As a Moss employee I witnessed, and worked through, the buy out of Moss by Inghams. There was some logic to that as they already owned M&G International and the synergy was there. But even so, and much to their regret, 2+2 didn't make 5, more like 3!!!! Also we still retained the deep knowledge and care for the classic car world of Messrs Buckles and Buchanan who tried to keep the ethos of maintaining the parts supply alive. Who are this new lot and what's their experience of our cars and that market? If the impetus came from Robert Goldman wanting to cash in his chips, I expect that his father Howard is turning in his grave! Bad news all round I fear. Quote Link to post Share on other sites
BlueTR3A-5EKT Posted April 13 Author Report Share Posted April 13 8 minutes ago, Adam Blackaby said: Hello all, Been there, done that and got the tee-shirt. As a Moss employee I witnessed, and worked through, the buy out of Moss by Inghams. There was some logic to that as they already owned M&G International and the synergy was there. But even so, and much to their regret, 2+2 didn't make 5, more like 3!!!! Also we still retained the deep knowledge and care for the classic car world of Messrs Buckles and Buchanan who tried to keep the ethos of maintaining the parts supply alive. Who are this new lot and what's their experience of our cars and that market? If the impetus came from Robert Goldman wanting to cash in his chips, I expect that his father Howard is turning in his grave! Bad news all round I fear. Plus one to that Adam as a contemporary who also witnessed that stupendous bit of ‘reverse synergy’ by Inghams. They were notably described at the time by a customer who was an investment banker as “the stuffed shirts with a brass plaque in Jersey” Quote Link to post Share on other sites
Adam Blackaby Posted April 13 Report Share Posted April 13 Nice one Peter!! Perhaps we should start a campaign to amalgamate and keep the remaining, very specialist, companies safe from investment Bankers (should be spelt with a w as the first letter) How about Revtorations as a starter? Who's got the money to back such a venture? Adam Quote Link to post Share on other sites
mike ellis Posted April 13 Report Share Posted April 13 After they have extracted every last penny from the business it will then be sold to some gullible pension funds as Thames Water has been and the consultants/advisers vast salaries will be taken from the next victim. Mike Quote Link to post Share on other sites
JohnG Posted April 13 Report Share Posted April 13 For 28 years, I worked for a big US corporation, one which grew by acquisition. In 1986 it was a $1Bn corporation, today, it is in excess of $60Bn. Every time we bought a company; - the sales of the acquired company dropped, generally by 1/2. - Jobs were lost - The best people in the acquired company jumped ship. - Efficiency dropped as the merger wobbled into being - Brands disappeared - operations merged and locations closed In 1998 there were over 18 UK locations, with a few overlapping businesses and lots of complimentary products Now, if my memory serves there are but 6 in the UK No . . . Faithful intention to improve the business or asset strip, either one its not good news for Moss & Rimmer employees or their customers Quote Link to post Share on other sites
BaulyCars Posted April 13 Report Share Posted April 13 (edited) All just spells the risk that in 5-10 years time parts might be very difficult to come by, or not be viably affordable versus the TR car values. Edited April 13 by BaulyCars Quote Link to post Share on other sites
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