Goodridge welcomes Doug Syer as Head of Performance & Motorsport USA
Goodridge Ltd, a global fluid transfer systems manufacturer supplying OEM,performance, motorsport and defence markets; is pleased to welcome Doug Syer as Head of Performance and Motorsport USA.
Doug is a member of both PRI and IMSA associations, with a keen interest in racing and engineering. Skilled in business development and product management, in the motorsport sector, Doug will continue to build on Goodridge USA’s success.
Previously, working for global dry-break manufacturer, Staubli, Doug brings over twenty years of fluid systems and motorsport experience to the Goodridge USA team.
Reporting to Goodridge Global Head of Performance and Motorsport, Damiano LoGiudice, Doug will take up his position in Mooresville, USA, the headquarters of Goodridge USA Performance and Motorsport.
On welcoming Doug to Goodridge, Damiano said:
‘We are very excited to have Doug join the USA team; we look forward to applying his expertise to our growing customer base.’
On taking up his new position, Doug commented:
‘It’s with great excitement I take on the role of Head of Performance and Motorsport at Goodridge USA, I’m looking forward to the challenge’
Goodridge, founded in 1969, celebrated its fiftieth anniversary last year, supplying fluid transfer systems across the globe.
Headquartered in the UK, Goodridge supplies OEM automotive, EV, performance, motorsport, marine and defence markets with market leading hose, fittings, fluid transfer assemblies and ancillary products.
Image: Doug Syer (Head of Performance and Motorsport USA).
For high resolution images or more information, please contact:
Tel: +44 7785 341 099
Founded in 1969, Goodridge has developed from a single seat race team in Canada, to be the world’s leading manufacturer of performance fluid transfer systems. It operates in the OEM, automotive, motorcycle, motorsport, defence and specialist industrial sectors. This dynamic private company now manufactures in eleven facilities globally and supplies customers around the world with a unique combination of design, innovation, reliability and outstanding service. Goodridge operates globally with manufacturing and distribution operations in the UK, USA, Mexico and Europe, employing more than 400 people worldwide.
Goodridge was founded by Stuart Goodridge in Totnes in 1969. Following his return from a successful racing career in Canada, Stuart began assembling and selling aerospace fluid transfer components to motorsport race teams. The company remained housed in a listed building on Collins Road, Totnes, until 1988 when the company purchased and developed a site on the Exeter Airport Business Park. In the same year, plants were opened in France, Germany, Spain, Holland, Mexico, and two in the USA.
The airport site was developed and repeatedly extended over 28 years, passing the company’s 40th anniversary. In 2012, Otter Court was acquired on Marsh Barton Trading Estate, to accommodate plans for vertical integration and focus on delivering cost improvements to the business and customers.
Since Goodridge’s acquisition by Rubicon Partners in 2013, uniting the company under one roof has been a high priority. With £3m of investment in the company since 2013, in July 2016 Goodridge’s UK operations merged at the Dart Building on Exeter Business Park, bringing 148 of the group’s then 370 staff together.
Goodridge acquired Gieffe Racing, an Italian motorsports distributor in 2018, followed by the acquisition of Kuhnle Engineering, a fluid transfer systems manufacturer based in Germany, in early 2019.
Goodridge celebrated its 50th anniversary last year.
Rubicon Partners is a hands-on investment partnership focused on the acquisition of industrial businesses in Europe and North America.
Over the past 20 years Rubicon Partners have acquired 60 businesses across the manufacturing, distribution and service sectors, ranging in value from £15m to £250m. They create value by addressing operational and strategic issues.
Rubicon Partners’ focus is on complexity, both within individual companies as well as groups of businesses or portfolios. They have extensive experience in acquiring from private family ownership, management, corporates and private equity funds.
Rubicon Partners have the ability to add value to business over a longer time period than traditional private equity. Their structure is that of an industrial holding company backed by long-term private capital. Rubicon Partners’ experience and expertise enable them to work with management to grow companies to their full potential over the long term, establishing systems for rigorous financial and operational control and providing a framework for comprehensive and strategic planning and implementation.
Rubicon Partners operates across offices in London, Munich and Shanghai with a team of 15 professionals.21st May 2020