Ripple Industries to acquire APG from Heartwood Partners.

Ripple Industries, a provider of complex engineering solutions, agreed to acquire Aftermarket Performance Group, a vertically integrated direct-to-consumer, eCommerce-retailer, private-label manufacturer, and distributor of performance automotive aftermarket parts and accessories, from Heartwood Partners, a private equity firm. Financial terms were not disclosed. “Under Heartwood Partners’ guidance, APG has grown into a leading aftermarket accessories business. The company has been a strong platform for growth while simultaneously improving the customer experience. We have a great future ahead of us with new investment from Ripple and are excited for the next chapter. We will continue to execute our mission of delivering enthusiast passion at enterprise scale,” Mike Sinoway, APG CEO.