Matrix Capital Markets Group helps sale of Day Motor Sports

Daily Record Staff//November 15, 2023//

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Matrix Capital Markets Group Inc., an independent investment bank with offices in Baltimore, announced the sale of Day Motor Sports LLC to CEO Dan Hamilton and Chief Financial Officer Stacy Hamilton.

Prior to the sale, Day Motor Sports was owned by funds managed by Gen Cap America Inc., a private investment firm headquartered in Nashville, Tennessee.

Since 1971, Day Motor Sports has been a leading bumper-to-bumper distributor of aftermarket parts and supplies for the enthusiast racing industry.

Headquartered in Tyler, Texas, the company is the preeminent supplier of dirt track racing parts in the Southern United States, with the ability to ship to all 50 states and internationally. The business stocks more than 15,000 SKUs in its 46,000-square-foot facility, earning the company a reputation as the premier one-stop entity for its targeted markets.

Matrix provided merger and acquisition advisory services to Day Motor Sports, which included valuation advisory, marketing the business through a confidential, structured sale process, and negotiation of the transaction. The transaction was managed by William O’Flaherty, managing director; David Shoulders, managing director and head of Matrix’s Consumer & Industrial Investment Banking Group; Matt Oldhouser, CPA, vice president; Sahan Pandey, senior analyst; and Hampton Massie, analyst.

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