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Jasper Holdings, Inc. Announces 2021 ESOP Share Value!


Associate-Owner shareholders of the Jasper Holdings, Inc. Employee Stock Ownership Plan (ESOP), were presented Tuesday with some outstanding news.  Jasper Holdings, Inc. Chairman/CEO Doug Bawel announced a new all-time record price of $774.38 per share. “This is up $214.58 per share over our previous record, a 37% increase in one year,” said Bawel.  He went on to explain, “a total of 36,854 new shares were distributed, bringing the total ESOP value allocated to shareholders to over $367 Million since its inception in 2009.”

Bawel shared, “Our ESOP has truly been a game changer for our Associate-Owners in their retirement strategy. We have a total of 2,529 active Associate-Shareholders today; 954 or 37% of those have greater than $100,000 in stock, and 1,468, or 58%, have greater than $50,000.”

 “This is all in addition to our matching 401k retirement plan, which has over $245 Million invested,” he said.

“Today, our market capitalization is in excess of $1.115 Billion, a $291 Million increase over 2020. This is Awesome!” Bawel said. “Our JASPER family has been truly blessed by great customers who have been so patient through these material and labor shortages.”

He added, “Our success is a direct reflection of our Associate-Owners and their commitment to Do it Right in these challenging times. We have been Blessed with great Associate-Owners who have continued to stay focused on what is in our control; a never-ending commitment to improvements in Safety, Quality, Productivity, Customer Service, and Reduction of Waste.”


JASPER Remanufactured GM AFM-Delete Engine

Active Fuel Management, or AFM for short, refers to cylinder deactivation. GM uses it to shut down cylinders under light load conditions to improve fuel economy with their V8 engines. However, Jasper Engines & Transmissions has determined the AFM system can cause some issues with the engine over time.
“In researching this engine, we found that most of the cores coming in had collapsed lifters,” said JASPER New Product Development Group Leader Brad Boeglin. “The collapsed lifter is the effect, but not the root cause of the failure. The root cause can be mistimed command events from the ECM, oil viscosity, oil temperature, restricted orifices in the LOMA board, and low oil pressure.”

JASPER uses a press to install cam bearings on all of JASPER’s remanufactured LS & LT engine platforms to reduce distortion or bearing damage, and each engine goes through an extensive cleaning cycle. “This takes care of two root causes. However, JASPER cannot do anything to correct the command from the ECM or the oil viscosity,” said Boeglin. “For this reason, JASPER’s developed and released an AFM-delete engine that removes the system entirely. We replace the original cam with a non-AFM version, remove AFM lifters, install all standard lifters, and remove the AFM solenoids.”

With the AFM hardware parts removed from the engine, installers must modify the vehicle’s ECM so it will not set codes or try to command the AFM system, which would shut off spark and fuel to the cylinders. “A tuner is supplied with every AFM engine, allowing the installer access to the ECM and modifying the AFM system,” said Boeglin. “JASPER has instructions to help walk installers through the process.”

With internal changes to the AFM-Delete engine and ECM modifications, JASPER has noticed a half to one and a half-mile per gallon reduction in fuel economy. “It depends on the amount of city to highway driving the customer does with the vehicle,” Boeglin said. From an emission standpoint, the GEN IV JASPER AFM-Delete engine has gone through the California emission testing process and received a CARB executive order # D-391-1, which allows it to be legally sold in all 50 states. “The GEN V version is currently 49 state compliant, and we are actively working on obtaining a CARB EO for that version too,” added Boeglin.

For more information on the AFM-Delete engine and the complete line of JASPER remanufactured products, log onto, or call 800.827.7455.


Click on the video link for further detailed information...

January 2022 JASPER® Calendar Winner



THE DRAGSTER Brian Williams of St. Johns, FL, has a need for speed! He purchased his 1956 Chevrolet Bel Air 33 years ago in hopes of burning some rubber on the drag strip. Brian had his fun racing for a few months, then decided it was time to quit spending so much money abusing the car and start enjoying it. After moving to Jacksonville, FL, Brian contacted Jim Mercer at the Street Rod Shop in Orange Park and talked over his wants and needs. Several months into the restoration, “I could see my plans coming together,” Brian said. It was important to Brian that the car maintained a racing feeling, so he had a JASPER-remanufactured Chevrolet 454 cu. in. engine installed. Brian said, “It’s always great when you can get attention with a nice burnout.” The final additions included a March serpentine system, Vintage A/C, a Dakota digital gauge package, Custom auto sound, and all the interior pieces. By the time his project was complete Brian’s son, Joshua, was old enough to enjoy car shows and cruise-ins with him, making it more of a family vehicle. Brian said. “It’s like the old saying; your dream of yesterday is a reality of today. Let’s cruise!”
The deadline for 2023 Calendar entries is July 1st. If your classic car or truck has a JASPER® product installed in it, contact for an entry form or additonal information.

New Powertrain Product Releases in 2021


Thanks to the efforts of our JASPER Research and Development Team, we have released 23 new products in 2021, including at least eight of which are used in fleet vehicles. New products include:

     • Turbo 2011-2017 Nissan Juke 1.6L
     • Ford 6R140 Transmission 2017-2018 F450/550 (6.7L) and 2016-2019 E350 (6.8L)
     • Chrysler 3.6L Pentastar 2018-2020 Ram 1500, Grand Caravan/Journey, 2018-2019 Charger & Challenger,
and 2018 Wrangler (Learn more)
     • GM 4L70E Transmission TUG Gen 2 Applications

    • 6.6L Duramax LML Running Complete 2011-2016 Silverado/Sierra
     • 6.6L Duramax CP4 Injection pump - Brought in-house, now JASPER HQ builds.

    • Ford 6F50 Transmission (Product Extension) 2015-2018 Edge
    • Ford 3.5L EcoBoost SVVT 2010-2019 Flex, MKS, MKT, Taurus, and Explorer

    • ZF 8HP70 Transmission 2014-2017 RAM (5.7L) 
    • RAM 6.4L HEMI (fleets only)

    • Ford 6F35 Transmission 2014-2020 Transit (2.5L), 2014-2017 Escape (2.5L) and 2013-2014 Fusion (2.5L)

    • Ford 2.5L 2010-2017 Fusion, Escape, Transit Connect, TUG, Mazda 3 & 5, and CX7
    • Ford 3.7L 2011-2019 Transit, F150, Mustang
    • Ford 6R140 Transmission 2017-2019 E350/450 (6.2/6.8L)

    • ZF 8HP70 (Product Extension) 2014-2015 Grand Cherokee and Durango 
    • Ford 6R80 Transmission 2018-2020 Ford F150 (3.3L)

    • GM 6.0L (Product Extension) 2019-2020 Sierra, Express and Savanna 2500/3500

    • Turbos 2013-2016 Ford F150 - Brought in-house, now JASPER HQ builds.

    • Ford 3.5L Duratec 2019 Explorer and Flex
    • Ford 2.5L Duratec 2018 Transit Connect
    • OTC Turbo, Ford 3.5L (car and crossover) applications

    • GM 3.6L (Product Extension) 2015-2016 Colorado/Canyon
    • Ford 3.5L 2014-2018 Police Interceptor

Thanks again, and here’s to a prosperous 2022!




Third Quarter Success!

JASPER® CEO Doug Bawel shared the details supporting another successful quarter at HQ.

Tuesday, we announced our second most successful quarter to date for Jasper Holdings Inc. Jasper Electric Motors and our Weller brands, both achieved a new all-time record in sales dollars per quarter. Additionally, our CEO Doug Bawel shared a special “Christmas in October” message and surprised Associate-Owners with a gift. As always, we are proud of our Associate-Owners for making JASPER their Company of Choice!



Allmendinger Wins at Bristol with JASPER 4-Speed Transmission, Earns NASCAR Xfinity Series Regular Season Championship, Harvick Second in Cup Series

JASPER® Race Products Performance Report

Allmendinger Wins at Bristol with JASPER 4-Speed Transmission, Earns NASCAR Xfinity Series Regular Season Championship, Harvick Second in Cup Series

AJ Allmendinger, running a JASPER 4-Speed Transmission, won Friday's Food City 300 at Bristol Motor Speedway to claim the NASCAR Xfinity Series Regular Season Championship.  Allmendinger won by .082 seconds over second place Austin Cindric as their cars made contact on the white flag lap of overtime, and slid across the finish line.  It was Allmendinger's fourth series win of 2021.  Riley Herbst finished third, and Brandon Jones was fifth. Drivers using JASPER products placed in six of the top ten positions at the checkered flag.  A total of seven drivers using JASPER products qualified for the NASCAR Xfinity Series Playoffs which begin Saturday in Las Vegas.  Kevin Harvick, also running a JASPER 4-Speed Transmission, earned a second place finish in Saturday's Bass Pro Shops Night Race for the NASCAR Cup Series at Bristol, the third race of the NASCAR Cup Series Playoffs.  It was Harvick's eighth top five finish of the season.  He is one of five drivers using JASPER products to advance into the Round of 12 of the playoffs.

A recap of the weekend's results from Bristol Motor Speedway follows.

NASCAR Cup Series - Bass Pro Shops Night Race – Bristol Motor Speedway
2nd     Kevin Harvick #4  (JASPER 4-Speed Transmission)
7th      Martin Truex, Jr. #19  (JASPER 4-Speed Transmission)
8th      Erik Jones #43  (JASPER 4-Speed Transmission)
9th      Denny Hamlin #11 (JASPER 4-Speed Transmission) - Stage 1 Winner
12th    Tyler Reddick #8  (JASPER 4-Speed Transmission)
13th    Chase Briscoe #14  (JASPER 4-Speed Transmission)
15th    Austin Dillon #3  (JASPER 4-Speed Transmission)
16th    Bubba Wallace #23  (JASPER 4-Speed Transmission)
18th    Aric Almirola #10  (JASPER 4-Speed Transmission)
21st    Kyle Busch #18  (JASPER 4-Speed Transmission)
22nd    Daniel Suarez #99  (JASPER 4-Speed Transmission)
28th    Cole Custer #41  (JASPER 4-Speed Transmission)
29th    Christopher Bell #20  (JASPER 4-Speed Transmission)
32nd    David Starr #66  (JASPER 4-Speed Transmission)
37th    BJ McLeod #78  (JASPER 4-Speed Transmission

NASCAR Cup Series 2021 Round of 12 Playoff Standings
2nd    Martin Truex, Jr. #19  (JASPER 4-Speed Transmission)
3rd    Denny Hamlin #11  (JASPER 4-Speed Transmission)
5th    Kyle Busch #18  (JASPER 4-Speed Transmission)
11th    Christopher Bell #20  (JASPER 4-Speed Transmission)
12th    Kevin Harvick #4  (JASPER 4-Speed Transmission)

NASCAR Xfinity Series - Food City 300 - Bristol Motor Speedway
1st      AJ Allmendinger #16  (JASPER 4-Speed Transmission)
3rd      Riley Herbst #98  (JASPER 4-Speed Transmission)
5th      Brandon Jones #19  (JASPER 4-Speed Transmission)
6th      Justin Haley #11  (JASPER 4-Speed Transmission)
7th      Harrison Burton #20  (JASPER 4-Speed Transmission)
10th    Daniel Hemric #18  (JASPER 4-Speed Transmission) - Stage 2 Winner
11th    Ty Gibbs #54  (JASPER 4-Speed Transmission)
24th    Jeb Burton #10  (JASPER 4-Speed Transmission)
30th    David Starr #66  (JASPER 4-Speed Transmission)
33rd    Chad Finchum #61  (JASPER 4-Speed Transmission)
34th    Ryan Sieg #39  (JASPER 4-Speed Transmission)

NASCAR Xfinity Series 2021 Round of 12 Playoff Standings
2nd     AJ Allmendinger #16  (JASPER 4-Speed Transmission)*
5th      Justin Haley #11  (JASPER 4-Speed Transmission)
6th      Daniel Hemric #18  (JASPER 4-Speed Transmission)
7th      Jeb Burton #10  (JASPER 4-Speed Transmission)
8th      Harrison Burton #20  (JASPER 4-Speed Transmission)
10th    Brandon Jones #19  (JASPER 4-Speed Transmission)
11th    Riley Herbst #98  (JASPER 4-Speed Transmission)

* NASCAR Xfinity Series Regular Season Champion



Truex, Hamlin, Bell Sweep Richmond Podium with JASPER 4-Speed Transmissions, Haley Second in Xfinity Series

JASPER® Race Products Performance Report

Truex, Hamlin, Bell Sweep Richmond Podium with JASPER 4-Speed Transmissions, Haley Second in Xfinity Series

Martin Truex, Jr., running a JASPER 4-Speed Transmission, won Saturday's Federated Auto Parts 400 Salute to First Responders, the second round of the NASCAR Cup Series Playoffs, at Richmond Raceway.  Truex lead 80 laps of the 400 lap race, including the last 51 after green-flag pit stops.  It was his fourth series win of 2021.  Joe Gibbs Racing teammates, Denny Hamlin and Christopher Bell, finished second and third respectively. Drivers using JASPER products placed in five of the top ten positions at the checkered flag.  Just Haley, also running a JASPER 4-Speed Transmission, earned a second place finish in Saturday's Go Bowling 250 for the NASCAR Xfinity Series at Richmond.  Riley Herbst was fifth, as drivers using JASPER products placed in six of the top ten positions at the finish. 

A recap of Saturday's results from Richmond Raceway follows.

NASCAR Cup Series - Federated Auto Parts 400 Salute to First Responders – Richmond Raceway
1st      Martin Truex, Jr. #19  (JASPER 4-Speed Transmission)
2nd     Denny Hamlin #11  (JASPER 4-Speed Transmission) - Stage 1/Stage 2 Winner
3rd      Christopher Bell #20  (JASPER 4-Speed Transmission)
8th      Kevin Harvick #4 (JASPER 4-Speed Transmission)
9th      Kyle Busch #18  (JASPER 4-Speed Transmission)
11th    Austin Dillon #3  (JASPER 4-Speed Transmission)
14th    Aric Almirola #10  (JASPER 4-Speed Transmission)
15th    Tyler Reddick #8  (JASPER 4-Speed Transmission)
16th    Chase Briscoe #14  (JASPER 4-Speed Transmission)
17th    Daniel Suarez #99  (JASPER 4-Speed Transmission)
21st    Erik Jones #43  (JASPER 4-Speed Transmission)
22nd   Cole Custer #41  (JASPER 4-Speed Transmission)
30th    BJ McLeod #78  (JASPER 4-Speed Transmission)
32nd    Bubba Wallace #23  (JASPER 4-Speed Transmission)

NASCAR Cup Series 2021 Round of 16 Playoff Standings
1st       Denny Hamlin #11  (JASPER 4-Speed Transmission)
2nd       Martin Truex, Jr. #19  (JASPER 4-Speed Transmission)
6th       Kevin Harvick #4  (JASPER 4-Speed Transmission)
8th       Christopher Bell #20  (JASPER 4-Speed Transmission)
10th     Kyle Busch #18  (JASPER 4-Speed Transmission)
11th     Aric Almirola #10  (JASPER 4-Speed Transmission)
14th     Tyler Reddick #8  (JASPER 4-Speed Transmission)

NASCAR Xfinity Series - Go Bowling 250 - Richmond Raceway
2nd     Justin Haley #11  (JASPER 4-Speed Transmission)
5th      Riley Herbst #98  (JASPER 4-Speed Transmission)
6th      Daniel Hemric #18  (JASPER 4-Speed Transmission)
7th      Ty Gibbs #54  (JASPER 4-Speed Transmission) - Stage 1 Winner
9th      Harrison Burton #20  (JASPER 4-Speed Transmission)
10th    Jeb Burton #10  (JASPER 4-Speed Transmission)
13th    Ryan Sieg #39  (JASPER 4-Speed Transmission)
18th    AJ Allmendinger #16  (JASPER 4-Speed Transmission)
20th    Brandon Jones #19  (JASPER 4-Speed Transmission)
28th    David Starr #66  (JASPER 4-Speed Transmission)
38th    Stephen Leicht #61  (JASPER 4-Speed Transmission)



HP Tuner Collaboration


For many years, there have been debates regarding the best diesel engine/truck combinations. Many of those conversations often end with a Cummins powerplant, and a Ford Super-Duty Chassis beginning in mid-2003 throughout the end of 2010. “Typically, as a customer, your options were to deal with a 6.0L Power Stroke Diesel (PSD) high-pressure oiling system that on its best day was prone to failure,” said HP Tuners Vehicle Engineer, Jonathan Kitchens, “Or a 6.4L PSD that found all-new ways to leave its owners on the side of the road.” Jonathan decided to enter this conversation with a 2003 Ford Excursion, replace the 6.0L PSD, and install a Cummins 6.7L in front of the 5R110W transmission. 


As the originator of this idea, Kitchens said it sparked from his desire to upgrade his vehicle after having his own Power Stroke setbacks. Combine that with a personal project, and the vehicle build for the Excursion was set in motion.






The build concept was as such: Overlanding has become a huge market within the off-road industry. The Ford Excursion is considered an excellent choice for this market. It’s a natural fit with its stable platform (Ford 3⁄4-ton Super Duty), and a spacious interior (largest SUV ever produced). This build incorporates a proven off-road suspension, upgraded axles and driveline components, and long-range capacity, all while carrying a passenger load of seven. Kitchens sourced a Cummins 6.7L from JASPER®, and retained all the Cummins factory emissions components (EGR, DOC, DPF, IAT, VGT), and mated it to the Ford 5R110W transmission. All diagnostics are wired through the OBD2 port, where an HP Tuners MPVI2+ can program and scan the engine and transmission. This means consumers can check their engine, and transmission, with the same tool. 


JASPER was excited to collaborate, and jumped at the opportunity. Brad Boeglin, New Product Development Group Leader, teamed up with Jonathan, and the HP Tuners sales team, to build a Cummins 6.7L Running Complete for the power train of this Excursion. 

“HP Tuners are the experts in electronics/tuning, and is a rapidly growing company that has a high value for customer service,” said Boeglin. “We had a great time collaborating on this project and building the relationship between our two companies. We are looking forward to working with Jonathan, and the team at HP Tuners, in the future.”






Editor’s Note: Additional sponsors of the build alongside JASPER included: Diesel Conversion Specialists, Mishimoto, Hammerhead, FASS Diesel Fuel Systems, GDP, and BD Diesel.




Autolauf Fundraiser for JETT & Brothers for Veterans



The first weekend of August is always a busy one in Jasper, Indiana, as it is the annual Strassenfest weekend. Strassenfest is an tradition the town celebrates yearly to honor our German heritage with American pride. This past year our in house giving community, JETT (Jasper Endows Today and Tomorrow) hosted one of the Strassenfest's beloved events, the Autolauf. 

The Autolauf is an event consisting of driving from checkpoint to checkpoint without making any wrong turns, with the use of clues.  When you, or your team, reaches the next checkpoint, you get a new clue to the next stop.  The team (vehicle) with the closest mileage to the baseline, WINS.


Overall the event was a success! As the results of the 2021 Autolauf, that was sponsored by JETT with proceeds going to Brothers for Veterans, had not only wonderful weather and a very nice turnout, 37 teams total navigated throughout Dubois County using clues to get to the next checkpoint.  While this was JETT’s first year for sponsoring this event they were proud to announce that because their hard work, JETT will be granting over $1,100 to Brothers for Veterans. In total, almost $3,000 was raised through registration, merchandise & concessions.  When teams returned to the JET parking lot, they were able to enjoy the music of associate owner, Kyle Lueken.

Mark Balsmeyer stated, "Being a veteran and having participated in some of their outdoor activities, I couldn’t be more excited to partner with them.  This could not have happened without a huge outpouring of volunteers.  Throughout the day we had over 30 folks volunteered their time to make this event a success.  Thanks you all so very much!"














Thanks to our great steering committee spending several months planning for this event, it was all around a complete success. A special thanks to: Ben Mundy, Ben Schwenk, Kelli Lampert, Luke Bawel & Jennifer Hohl.