Praesidian Capital, a private investment firm, acquired a controlling interest in Round 2, a South Bend, Indiana-based collectibles company.
The amount of the deal was not disclosed.
The company continues to expand its product offerings.
Led by Tom Lowe, founder and CEO, Round 2 produces model kits, including classic cars and spaceships, die cast cars, slot cars and other hobby products with dozens of license agreements with brands such as General Motors, Ford, Star Trek and Star Wars.
The company sells through major retailers including Walmart, Target, and Hobby Lobby and through its e-commerce platform – www.autoworldstore.com.
Headquartered in South Bend, Indiana and founded in 2007, Round 2 designs and produces model kits, diecast models, slot cars and other hobby products.