Paul Hastings Reps Pfingsten-Owned Co. In Car Parts Co. Buy

Law360, New York (August 3, 2012, 6:43 PM EDT) -- A Minnesota-based motor vehicle replacement parts maker that is a portfolio company of Chicago private equity firm Pfingsten Partners LLC has acquired Pennsylvania-based Power Sport Industries Inc., Pfingsten said Friday.

The PE firm said that Arrowhead Electrical Products LLC, which was acquired by Pfingsten in 2011, has agreed to buy Power Sports Industries Inc., which makes components for motorcycles and other power sport-end vehicles. Based in New Berlinville, Pa., Power Sports does business under the name All Balls Racing.

The transaction closed on Wednesday. Financial terms...
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