Servco Pacific Capital Expands Consumer Investment Portfolio with Acquisition of Leading Harley-Davidson Dealerships

SAN FRANCISCO — May 3, 2017

  • Servco Pacific Capital (SPC) purchased Perth Harley-Davidson and Southwest Harley-Davidson in Western Australia
  • Perth Harley-Davidson is largest by unit volume standalone Harley-Davidson dealership in Australia, Asia Pacific, and Southern Hemisphere
  • SPC has history of acquiring, holding and growing businesses, including iconic guitar manufacturer Fender

Servco Pacific Capital, a direct investment group specializing in consumer, retail and distribution businesses, today announced the launch of a dedicated Asia-Pacific focused investment platform with the acquisition of two Harley-Davidson dealerships in Australia, including the largest Harley-Davidson retailer in the country.

SPC purchased Perth Harley-Davidson and Southwest Harley-Davidson, adding to its growing private equity investment portfolio, which also includes legendary guitar company Fender.

“Our proven track record of stewarding iconic brands coupled with our near century-long experience in the retail space is what attracted us to this investment opportunity,” said Mark Fukunaga, CEO of Servco Pacific Capital. In light of Servco’s near 60-year history with Toyota and over 30-year history with Fender, Fukunaga said “we’re confident that we can build a long-term partnership with Harley-Davidson that will be beneficial to supporting the Harley lifestyle.”

“The acquisition of this leading Harley-Davidson dealership group was a validation of the story behind SPC – seasoned entrepreneurs are looking for patient, long-term capital that is highly differentiated from traditional private equity,” added Matt Janopaul, Managing Director of Servco Pacific Capital. “We’re able to partner with talented management teams to build significant businesses.  Moreover, the teams don’t have immediately worry about a forced sale in three to five years due to PE fundraising cycles or partnership dynamics.”

Acquisition Details

Servco Pacific Capital acquired 100 percent of Perth Harley-Davidson and Southwest Harley-Davidson. The Harley-Davidson dealerships align with SPC’s strategy of investing in strong consumer brands and acquiring businesses that are fundamentally sound and poised for growth.  Going forward, SPC will consider additional acquisitions to further extend the sales and service of this dealership group.

About Servco Pacific Capital

Servco Pacific Capital (SPC) is the San Francisco-based private equity group of Servco Pacific Inc. (Servco), one of the oldest multi-generational and largest privately owned businesses in the Hawaiian Islands. Servco, with over $1.4B in revenue, is the exclusive distributor of Toyota, Lexus, and Subaru vehicles in Hawaii, and controls one of the largest Toyota dealership networks in Australia. Established in 1919, Servco is the largest privately held business in Hawaii and has operations in the United States, Asia, and Australia. Its businesses include automotive distribution and retail, specialty insurance brokerage, and appliance distribution.

Servco also jointly owns Fender Musical Instruments, the world’s largest electric guitar and amplifier company. In addition to its focus on private equity, SPC also leads corporate development and strategy efforts for Servco’s operating groups. SPC employs a “patient capital” investment strategy, holding onto its portfolio companies and leveraging its in-house expertise to grow businesses that thrive over the long term.