Group purchases assets of two marine companiesPosted on
The Mifsud Group, a private investment and management group, recently acquired the assets of Corsa Performance Exhausts and Gil Marine, JB Design Inc., a premium performance exhaust manufacturer in Berea, Ohio.
The transaction closed Jan. 8 and terms were not disclosed.
Corsa Performance Exhausts will be operated by TMG Performance Products, a division of The Mifsud Group. It will continue to operate out of its facility in Berea.
The recent acquisition, which provides Corsa Performance Exhausts with additional industry expertise and capital, will allow Corsa to expand its brand, technology and product offering.
“Corsa Performance Exhausts is an established manufacturer of premium performance exhausts, and we are excited about our involvement in continuing the development of such a respected and well-known brand,” said Oscar J. Mifsud, president and CEO of TMG Performance Products, in a statement.