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Old 02-25-2014, 01:18 PM   #1
PfadtRacing
 
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Pfadt Race Engineering has closed.

It’s with heavy hearts that we announce the closing of Pfadt Race Engineering. Since 2006 we have manufactured the highest quality aftermarket components for Corvette, Camaro, and Cadillac right here in Salt Lake City, Utah. Since the addition of Pfadt power products to our extensive suspension line, sales have increased exponentially, which put us into a perpetual backorder. We have spent the past 4 months meeting with investors and venture capitalists trying to secure financing to push Pfadt to the next level and unfortunately the deals to be made were not in our company’s or employee’s best interest. Without a large investment we do not have the resources to meet the demand, which leaves us with no other option but closing our doors.

We would like to thank all of our employees who put their hearts and minds into this business to make it what it is today. We would like to thank our dealers who expertly installed our parts and helped us build our product line with their professional insight. Finally we would like to thank you, our customers. You helped us build a grassroots performance company in the United States. You pushed us to make bolder and better products year after year. You created the Pfadt Family - and that’s what we will miss the most.

We hope this is a minor speed bump on the long road ahead. Much like GM has experienced in the past, we are also experiencing a setback, but we will reorganize and resurface, faster and more streamlined than ever. We have taken care of all of our customers in this deal - you will receive a tracking number for your product or a full refund - and we are sorry for the delays, time lost and backorders many of you experienced. You were all so patient and understanding as we grew, and once again it’s a tribute to how solid the GM community is. We did everything in our power to take care of you and we appreciate the years you allowed us to be a part of your journey. It’s been an amazing ride.

Sincerely,

Aaron Pfadt
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Old 02-25-2014, 01:21 PM   #2
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This is tough to hear, but I hope Pfadt is able to return later!
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Old 02-25-2014, 01:23 PM   #3
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WOW!!! First Pedders and now Pfadt.

Our suspension options are getting slimmer by the moment.

Hopefully this is just a temporary thing for both Pedders and Pfadt.
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Old 02-25-2014, 01:23 PM   #4
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Just like the message said, you will either receive a tracking number for your part or a full refund. We are sorry it had to end this way. Obviously not what we wanted. We can't return your time lost and we apologize for that, but you will receive either your part or a full refund. Emails are being sent as we speak.
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Old 02-25-2014, 01:25 PM   #5
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I hope the reorg/resurface happens soon...
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Old 02-25-2014, 01:26 PM   #6
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Man... Sad to see you guys go!
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Old 02-25-2014, 01:26 PM   #7
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Damn...hate to see a reputable company go away. Controlled growth is a tough balance. Best of luck to the Pfadt group.
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Old 02-25-2014, 01:27 PM   #8
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This sucks.. :(
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Old 02-25-2014, 01:30 PM   #9
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Wow, gald to see you are doing the right thing and making customer whole!

Good luck in the future! Hopefully you are able to come back bigger and better.
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Old 02-25-2014, 01:30 PM   #10
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Wow! This is very sad news!

I hope the best of luck to you Aaron on your next adventure!

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Old 02-25-2014, 01:30 PM   #11
PfadtRacing
 
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Quote:
Originally Posted by strych9 View Post
Damn...hate to see a reputable company go away. Controlled growth is a tough balance. Best of luck to the Pfadt group.
Thanks for the support along the way. This was our first business on our own and we still have a lot to learn. Unfortunately the venture capitalists were more like vulture capitalists, and there were going to be some seriously unwanted changes that would have degraded the quality of the product. We figured it was better to save the brand and reorganize than sell off to a company who would use the name to push bad products. We are very sad it came to this and are sorry for the inconveniences it has caused our loyal customers.
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Old 02-25-2014, 01:31 PM   #12
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It is very unfortunate to hear this news, we have many colleagues and more than that FRIENDS over at Pfadt Race Engineering. Aaron, Robbin, Blair, Rob, and the rest of the crew we wish you well! Pfadt has issued refunds standing behind their stellar reputation and all customers will be taken care of.
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Old 02-25-2014, 01:34 PM   #13
IH8OPEC
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Quote:
Originally Posted by PfadtRacing View Post
We figured it was better to save the brand and reorganize than sell off to a company who would use the name to push bad products. We are very sad it came to this and are sorry for the inconveniences it has caused our loyal customers.
This speaks volumes about your integrity!

I sincerely hope you can make a come back ASAP! Good luck to you Sir!
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Old 02-25-2014, 01:35 PM   #14
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Not what any of us wanted to read!

I hope you do find a way to reorganize and come back again. Thank you for your contributions towards improving the platform.
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