Indiana-based Round 2 Corp. — best-known as the maker of die-cast vehicles, model kits, and slot racing sets marketed under the Johnny Lightning, Auto World, AMT, and Racing Champions brands — has entered into a new partnership with Praesidian Capital.
The New York-based private equity group acquired a 51% controlling interest in Round 2.
“I’m thrilled to be partnering with the Praesidian team as they will bring significant resources as we continue to scale the business, both organically and through acquisitions,” says Round 2 President and Founder, Thomas Lowe. “It’s also really great that there are no staff changes and the headquarters remains here in South Bend, Indiana. Our customers can be assured that it is business as usual at Round 2, with lots of continued growth to come.”
“Product design and innovation will always be at the core of Round 2’s growth strategy, but we also believe that there is a significant consolidation opportunity within the highly fragmented collectibles space, says Praesidian Capital Partner Glenn Harrison. “We will be working closely with the Round 2 team to continue to build on its already impressive list of brands.”
Round 2 products are available at major retailers and hobby shops, including Walmart, Meijer, Hobby Lobby, and more.