McLaren Performance Technologies Ready to Rev Up

LIVONIA, Mich., Aug. 9 McLaren Performance Technologies announced that it has retained, as placement agent, CapitalKey Securities, LLC, a New York-based investment bank which is focused on the middle market.

CapitalKey will act as the company's agent in securing funds to support McLaren Performance Technologies ongoing acquisition strategy. In addition, both firms will work together to identify additional acquisition candidates as McLaren Performance looks to expand its base of operations still further. The initial placement contemplated is on the order of $5.0 to $7.5 million.

McLaren Performance Technologies provides full-service design, development, fabrication, manufacturing, testing, validation and certification of automotive and racing powertrains, and related components. The company was originally established in 1969 as the engine development company for Bruce McLaren Motor Racing. Most recently, it acquired Dart Machine, Ltd. in Oldcastle, Ontario, Canada -- a specialty machining source, which has since been re-designated McLaren Performance Products. See www.mclarenperformance.com for additional details.

CapitalKey Securities, LLC provides small and emerging businesses with professional advice and access to venture capital and private equity funds. Visit www.capitalkey.com for further information.