M&A Deal Summary

Shur-Co Acquires US Tarp

On August 16, 2024, Shur-Co acquired automotive company US Tarp from Salem Investment Partners and Brighton Partners

Acquisition Highlights
  • This is Shur-Co’s 1st transaction in the Automotive sector.
  • This is Shur-Co’s 2nd transaction in the United States.
  • This is Shur-Co’s 1st transaction in Michigan.

M&A Deal Summary

Date 2024-08-16
Target US Tarp
Sector Automotive
Buyer(s) Shur-Co
Sellers(s) Salem Investment Partners
Brighton Partners
Deal Type Add-on Acquisition

Target

US Tarp

South Haven, Michigan, United States
US Tarp is a designer, manufacturer, and distributor of load containment and cargo protection tarping systems, controls, and tarps for commercial vehicle applications. US Tarp was established in 2001 and is based in South Haven, Michigan.

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Buyer(S) 1

Buyer

Shur-Co

Yankton, South Dakota, United States

Category Company
Sector Manufacturing
DESCRIPTION

Shur-Co is a manufacturer of innovative cargo covering and cargo control systems and related accessories for the transportation industry. Customers trust the Company’s family of premium brands to protect and secure valuable cargo, comply with regulations, and minimize risks to drivers and roadways. The Company’s product offering serves applications tied to the agriculture, construction, waste, flatbed, and rail industries. Shur-Co is based in Yankton, South Dakota.


DEAL STATS #
Overall 2 of 2
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Michigan) 1 of 1
Country (United States) 2 of 2
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-22 AB Airbags

Carlsbad, California, United States

AB Airbags is a provider of TUFFY inflatable dunnage air bags to regional and nationwide shippers for protection of their products from damage during transport. AB Airbags was formed in 2012 and is headquartered in Carlsbad, California.

Buy -

Seller(S) 2

SELLER
DESCRIPTION

Salem Investment Partners specializes in debt and equity investments in privately-held, middle-market businesses across the Southeast and Mid-Atlantic regions of the US. Salem looks to invest $2 to $10 million per transaction to help support growth, acquisitions, recapitalizations, and buyouts. Sectors of interest include business services, light manufacturing, consumer products, and distribution. Salem Investment Partners was formed in 1999 and is based in Greensboro, North Carolina.


DEAL STATS #
Overall 10 of 10
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 4 of 4
State (Michigan) 2 of 2
Country (United States) 10 of 10
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-28 Salisbury Moore

Raleigh, North Carolina, United States

Salisbury Moore provides renovation and remodeling services for hotel brands across the U.S. Salisbury Moore also renovates municipal and commercial properties for state agencies and local governments. Salisbury Moore is based in Raleigh, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-10 Burnyzz

Ocala, Florida, United States

Burnyzz is a specialized automotive services business focused on the restoration/build, sale, and service of classic and iconic cars, as well as heavy-duty trucks and trailers. It offers fully custom restoration and modernization services, in which the Company takes the body of a classic car and outfits the vehicle with entirely new parts providing modernized comfort and capabilities. Burnyzz was founded in 2010 and is based in Ocala, Florida.

Buy -
SELLER

Brighton Partners

Atlanta, Georgia, United States

Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 21M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Brighton Partners is a private equity firm that targets investments in smaller companies with annual revenues of $10 to $30 million. Brighton looks to make control investments in later-stage companies not driven by rapid changes in technology. The Firm prefers opportunities located in the Southeast, Mid-Atlantic, or Midwest US. Prospective transaction situations include buyouts and recapitalizations. Brighton Partners was formed in 2003 and is based in Atlanta, Georgia.


DEAL STATS #
Overall 4 of 4
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Michigan) 1 of 1
Country (United States) 4 of 4
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-24 Ray Allen Manufacturing

Colorado Springs, Colorado, United States

Ray Allen Manufacturing is a manufacturer and direct marketer of professional canine training products to the law enforcement, military, and working dog niche markets. Ray Allen Manufacturing was founded in 1948 and is based in Colorado Springs, Colorado.

Buy -