M&A Deal Summary

RealTruck Acquires Mountain Top Industries

On October 17, 2023, RealTruck acquired automotive company Mountain Top Industries from Axcel

Acquisition Highlights
  • This is RealTruck’s 11th transaction in the Automotive sector.
  • This is RealTruck’s 1st transaction in Denmark.

M&A Deal Summary

Date 2023-10-17
Target Mountain Top Industries
Sector Automotive
Buyer(s) RealTruck
Sellers(s) Axcel
Deal Type Add-on Acquisition

Target

Mountain Top Industries

Frederikssund, Denmark
Mountain Top Industries is a provider of pick-up truck accessories for factory fitting at carmakers such as Ford, Nissan, Renault, VW, Mercedes-Benz and Toyota. Mountain Top Industries is based in Frederikssund, Denmark.

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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 14 of 16
Sector: Automotive M&A 11 of 12
Type: Add-on Acquisition M&A Deals 13 of 15
Country: Denmark M&A 1 of 1
Year: 2023 M&A 1 of 1
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-25 Protex

Denver, Colorado, United States

Protex is a web-based 3D product configuration and augmented reality (AR) platform. Protex was formed in 2020 and is based in Denver, Colorado.

Buy -

Seller(S) 1

SELLER

Axcel

Copenhagen, Denmark

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 4.1B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Axcel Management AS is a private equity firm focused on mid-market buyouts in Denmark and Sweden. Axcel primarily seeks companies with a strong Danish or Swedish base and international potential. The Firm looks to invest in companies with revenues of DKK 250 million (€ 35 million) to DKK 4 billion (€ 535 million). Axcel prefers majority positions. Axcel Management A/S was formed in 1994. The Firm is based in Copenhagen with an additional office in Stockholm.


DEAL STATS #
Overall 45 of 49
Sector: Automotive M&A 1 of 2
Type: Add-on Acquisition M&A Deals 12 of 15
Country: Denmark M&A 34 of 36
Year: 2023 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-19 Elcor

Denmark

Elcor is an end-to-end provider of electrical control panels and related services, including panel design, hardware manufacturing, software automation, installation and other services. The group meets the growing automation and green transition demands from a wide range of industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-05 Delete Group

Helsinki, Finland

Delete Group is a full-service environmental services provider. The company provides clients with business-critical services that require specialized knowledge and specialized equipment. Its business is divided into three business areas: industrial and real estate services, demolition services and recycling and waste disposal services. Delete Group was formed in 2010 and is based in Helsinki, Finland.

Sell -