M&A Deal Summary

RealTruck Acquires Lund International

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

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

M&A Deal Summary

Date 2019-05-10
Target Lund International
Sector Automotive
Buyer(s) RealTruck
Sellers(s) Highlander Partners
Deal Type Add-on Acquisition
Advisor(s) Katten Muchin Rosenman (Legal)

Target

Lund International

Suwanee, Georgia, United States
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

RealTruck

Ann Arbor, Michigan, United States

Category Company
Founded 2007
Sector Automotive
DESCRIPTION

RealTruck is a designer, manufacturer and marketer of branded consumer accessories for pickup trucks. RealTruck also produces truck bed liners under the BedRug brand. RealTruck was founded in 2007 and is based in Ann Arbor, Michigan.


DEAL STATS #
Overall 12 of 16
Sector: Automotive M&A 9 of 12
Type: Add-on Acquisition M&A Deals 11 of 15
State: Georgia M&A 2 of 2
Country: United States M&A 11 of 13
Year: 2019 M&A 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-22 Go Rhino

Guadalajara, Mexico

Go Rhino develops and manufactures accessories for truck, Jeep and SUV. Go Rhino's most notable automotive accessories include side steps and running boards in nearly 20 styles, sports bars for modern trucks, hitch steps, bumpers, and products for public safety vehicles, as well as an extensive program of Bronco®-specific accessories. Go Rhino is based in Guadalajara, Mexico.

Buy -

Seller(S) 1

SELLER

Highlander Partners

Dallas, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 3.0B 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 31
Sector: Automotive M&A 1 of 1
Type: Add-on Acquisition M&A Deals 11 of 20
State: Georgia M&A 2 of 3
Country: United States M&A 13 of 22
Year: 2019 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-31 XChange Tec

Shanghai, China

XChange Tec 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. XChange Tec was founded in 2007 and is based in Shanghai, China.

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

Bucuresti, 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 -