M&A Deal Summary

Truck Hero Acquires Lund International

On May 10, 2019, Truck Hero acquired automotive company Lund International from Highlander Partners

Acquisition Highlights
  • This is Truck Hero’s 9th transaction in the Automotive sector.
  • This is Truck Hero’s 11th transaction in the United States.
  • This is Truck Hero’s 2nd transaction in Georgia.

M&A Deal Summary
Date 2019-05-10
Target Lund International
Sector Automotive
Buyer(s) Truck Hero
Sellers(s) Highlander Partners
Deal Type Add-on Acquisition
Advisor(s) Katten Muchin Rosenman (Legal)

Target

Lund International

Suwanee, Georgia, United States
website
Lund International, Inc. is a designer, manufacturer, and marketer of branded automotive accessories for a full assortment of passenger cars, light trucks, and Jeep, as well as the heavy truck category. Lund International, Inc. products include Ventvisors®, hood shields, PowerstepsTM, floor mats, fender flares, tonneau covers, storage boxes, nerf bars and running boards, among others.

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Buyer(S) 1

Buyer

Truck Hero

Ann Arbor, Michigan, United States

website

Category Company
Founded 2007
Sector Automotive
DESCRIPTION

Truck Hero is a designer, manufacturer and marketer of branded consumer accessories for pickup trucks. The company operates as the holding company for several market leading brands including Advantage, BAK, Extang, Retrax, TruXedo and UnderCover. Truck Hero also produces truck bed liners under the BedRug brand. Truck Hero was founded in 2007 and is based in Ann Arbor, Michigan.

DEAL STATS #
Overall 12 of 12
Sector (Automotive) 9 of 9
Type (Add-on Acquisition) 11 of 11
State (Georgia) 2 of 2
Country (United States) 11 of 11
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-23 Backrack

Oakville, Ontario, Canada

Backrack is a manufacturer of heavy-duty, truck racks for pickup trucks. All Backrack products are manufactured in North America and are sold through an extensive network of distributors and dealers. Backrack was founded in 1988 and is based in Oakville, Ontario.

Buy -

Seller(S) 1

SELLER

Highlander Partners

Dallas, Texas, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2004
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Highlander Partners LP is a private equity firm focuses on making both direct private equity and mezzanine investments in companies located in US and Europe. The firm seeks to target to invest in small and mid-size private companies with strong management teams, fundamentally strong operations and positive cash flows. HP looks to invest $10 to $50 million as an equity and $10 to $25 million in mezzanine financing in companies with revenues of $10 to $500 million and enterprise value up to $100 million. Specific areas of interest include manufacturing, food, healthcare products and services, and healthcare IT, retail and building materials. Types of transaction include buyouts, growth capital, divestitures, consolidation and recapitalization. Highlander Partners LP was formed in 2004 and is based in Dallas, Texas with additional office in Warszawa, Poland.

DEAL STATS #
Overall 16 of 27
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 11 of 17
State (Georgia) 2 of 3
Country (United States) 13 of 20
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-31 FLJ Group

Shanghai, China

FLJ Group is a technology-driven long-term apartment rental platform in China. Q&K signs long-term leases with individual landlords in different locations and manages them centrally, leveraging its advanced IT and mobile technologies. FLJ Group was incorporated in 2012 and is headquartered in Shanghai, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-02 Ares

București, Romania

Ares is a private interventional cardiology market in Romania, operating in five locations in Bucharest, Constanta, and Cluj. Ares Centers also perform interventional radiology procedures. Ares was founded in 2013 and is based in București, Romania.

Buy -
Mergr

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