What is UMI Performance?
UMI Performance Inc. is an American manufacturer specializing in suspension and chassis products for a wide range of vehicles, particularly GM and Ford Mustang models. Founded in 2002 by Ryan Kirkwood and his father Denny, the company has grown from a small operation to a significant force in the aftermarket industry. UMI Performance prides itself on manufacturing 99% of its products in-house at its 35,000 square foot facility in Philipsburg, Pennsylvania. This vertical integration allows for stringent quality control, from raw materials to finished goods, encompassing processes like CNC machining, laser cutting, welding, and powder coating. The company's commitment to American-made quality and its extensive product catalog have cemented its reputation among automotive enthusiasts.
How much funding has UMI Performance raised?
UMI Performance has raised a total of $350K across 1 funding round:
Debt
$350K
Debt (2020): $350K with participation from PPP
What's next for UMI Performance?
With its recent major strategic investment and a history of substantial capital infusion, UMI Performance is well-positioned for its next phase of growth. The company's focus on in-house manufacturing and product development suggests that future capital will likely be directed towards scaling production capabilities, enhancing its product lines, and potentially expanding into new vehicle platforms or markets. This late-stage funding indicates confidence from investors in UMI Performance's established business model and its capacity to capture a larger share of the performance automotive parts market.
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