Legendary Companies Expands its Corvette Portfolio with the Acquisition of Corvette Central

Our good friends at Corvette Central have some exciting news this week as we learned they have a new owner who shares their mission of serving Corvette enthusiasts for years to come.

On Wednesday, Legendary Companies announced the acquisition of Corvette Central, the Sawyer, MI-based manufacturer and supplier of Corvette restoration parts and accessories.

Together with Coker Tire and Paragon Corvette, the acquisition of Corvette Central expands Legendary Companies’ position in the Corvette market as it grows its portfolio of authentic components to comprehensively serve classic vehicle enthusiasts.

“We are thrilled to have found a long-term home for Corvette Central with the like-minded leadership group at Legendary Companies,” said Jerry Kohn, President of Corvette Central. “Joining forces with Legendary Companies will enhance our collective ability to best serve the enthusiast consumer with an unmatched offering of authentic restoration parts, wheels and tires.”

Corvette Central was founded in 1975 by Jerry Kohn, and the company became a leading provider of parts to upgrade, repair or restore all generations of the Chevrolet Corvette. Jerry was inducted into the Bloomington Gold Great Hall in 2012.

According to the company statement, Corvette Central represents the third family-owned business to be added to Legendary Companies’ portfolio of brands since partnering with Irving Place Capital in 2018. Legendary Companies is comprised of Coker Tire, Wheel Vintiques, Universal Vintage Tire, Phoenix Race Tires, Paragon Corvette Reproductions, and German tire distributor MOR.

“We are excited to add Corvette Central to our growing portfolio of restoration parts for collectible vehicles,” said Legendary Companies President and CEO Mike Kealey. “The Kohn family has built a business with an amazing culture and philosophy centered on providing classic vehicle owners with the broadest selection of high-quality parts. We appreciate the family’s trust in us to maintain the company’s culture while continuing to grow our collective business both organically and through additional acquisitions.”

The financial terms of the sale were not disclosed.

CorvetteBlogger spoke with Scott Kohn on Friday regarding the sale of Corvette Central, and he tells us that it’s rare for a family business to survive 45 years, but they have been able to do it. Scott says he and his sister will still be there, and the staff will also remain in place. If anything, there will be additional synergy and opportunities between the subsidiaries under Legendary Companies moving forward. Scott says unless you read this week’s press release, you might never know about the sale of the company.

Corvette Central was one of our very first advertisers, and we consider them great friends of the website. Make sure you stop by the Corvette Central booth at Carlisle and let them know how Corvette Central has helped you with your Corvette over the years.

Source:
Legendary Companies

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