M&A Deal Summary

Fox Racing Shox Acquires Black Widow

On February 12, 2020, Fox Racing Shox acquired automotive company Black Widow from Kinderhook Industries for 328M USD

Acquisition Highlights
  • This is Fox Racing Shox’s 2nd transaction in the Automotive sector.
  • This is Fox Racing Shox’s 2nd largest (disclosed) transaction.
  • This is Fox Racing Shox’s 2nd transaction in the United States.
  • This is Fox Racing Shox’s 1st transaction in Alabama.

M&A Deal Summary

Date 2020-02-12
Target Black Widow
Sector Automotive
Buyer(s) Fox Racing Shox
Sellers(s) Kinderhook Industries
Deal Type Add-on Acquisition
Deal Value 328M USD
Advisor(s) Kirkland & Ellis (Legal)

Target

Black Widow

Trussville, Alabama, United States
website
Black Widow is an OEM authorized specialty vehicle manufacturer for light-duty trucks. The Company receives new vehicles directly from the OEMs, adds specialty packages, and then sells the up-fitted vehicles to new truck dealers with a full OEM warranty. Black Widow is headquartered in Trussville, Alabama.

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Buyer(S) 1

Buyer

Fox Racing Shox

Braselton, California, United States

website


Category Company
Founded 1974
Sector Automotive
Employees3,240
Revenue 891M USD (2020)
DESCRIPTION

Fox Racing Shox is a designer, manufacturer and marketer of high end suspension products for mountain bikes, all terrain vehicles, snowmobiles and other off-road vehicles. Fox Racing Shox was founded in 1974 and is based in Braselton, California.


DEAL STATS #
Overall 3 of 5
Sector (Automotive) 2 of 3
Type (Add-on Acquisition) 3 of 5
State (Alabama) 1 of 1
Country (United States) 2 of 4
Year (2020) 1 of 1
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-12 Race Face Performance Products

Burnaby, British Columbia, Canada

Race Face/Easton designs, manufactures, and distributes high-performance mountain and road bike wheels and other high-performance cycling components including cranks, bars, stems, and seat posts, globally to OEMs and the aftermarket.

Buy CA$53M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-06 Custom Wheel House

Santa Fe Springs, California, United States

Custom Wheel House is a designer, marketer, and distributor of branded automotive aftermarket wheels, performance tires, and accessories through its brands: Method Race Wheels, Tensor Tires, GMZ Race Products, and Dusty Times, a desert racing enthusiast-focused publication. Custom Wheel House was founded in 2010 and is based in Santa Fe Springs, California.

Buy -

Seller(S) 1

SELLER

Kinderhook Industries

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2003
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kinderhook Industries targets control investments in companies valued between $25 to $250 million. Prospective transaction situations include acquiring non-core divisions of public companies, existing small capitalization companies lacking institutional support, management buyouts of entrepreneurial-owned businesses, and troubled companies. Sectors of interest include consumer products and services, media, packaging, industrial products, communications, and business services. Kinderhook Industries was formed in 2003 and is based in New York, New York.


DEAL STATS #
Overall 28 of 40
Sector (Automotive) 5 of 7
Type (Add-on Acquisition) 22 of 31
State (Alabama) 1 of 1
Country (United States) 27 of 39
Year (2020) 2 of 4
Size (of disclosed) 4 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-29 Stratus Video Interpreting

Clearwater, Florida, United States

Stratus Video LLC is a cloud-based video remote interpretation service that allows people to meet the growing need for language services quickly and cost-effectively. Stratus Video Interpreting was founded in 2011 and is based in Clearwater, Florida.

Sell $475M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-04 Original One Parts

St. Louis, Missouri, United States

Original One Parts is a provider of certified original equipment manufacturer (OEM) auto parts for use in both collision and mechanical repairs. It serves independent collision repair shops, dealership service centers, multi-shop locations (MSOs) and other customers. Original One Parts employs its proprietary VINtegrity™ Certification Process, a rigorous six-step inspection and certification process to ensure all parts meet the exact fit, form and function as a new part. Original One Parts provides repairers with the smart solution for meeting OEM repair procedures with cost-effective refinished replacements parts.

Buy -