M&A Deal Summary

Thule Group Acquires TracRac

On November 8, 2010, Thule Group acquired manufacturer TracRac from Chart Capital Partners

Acquisition Highlights
  • This is Thule Group’s 1st transaction in the Manufacturing sector.
  • This is Thule Group’s 4th transaction in the United States.
  • This is Thule Group’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2010-11-08
Target TracRac
Sector Manufacturing
Buyer(s) Thule Group
Sellers(s) Chart Capital Partners
Deal Type Add-on Acquisition

Target

TracRac

Fall River, Massachusetts, United States
TracRac produces a full line of cargo management systems for pickup trucks and vans. Manufactured and assembled in USA, TracRac products are functional and packed with unique features that enable custom configurations for professional tradesmen. TracRac is division of the Thule Group.

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Buyer(S) 1

Buyer

Thule Group

Malmo, Sweden

Category Company
Founded 1942
Sector Consumer Products
Employees2,800
Revenue 9.5B SEK (2024)
DESCRIPTION
Thule Group facility in Longmont, Colorado.
Thule Group facility in Longmont, Colorado.

Thule Group designs, produces, and markets a variety of products and brands that make it easy for people to transport their equipment securely and safely. Thule Group was formed in 1942 and is based in Malmö, Sweden.


DEAL STATS #
Overall 4 of 6
Sector: Manufacturing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 4 of 6
State: Massachusetts M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2010 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-21 Thule - Roof Rail Business

Sweden

Thule’s automotive related roof rail business including two productions plants, sales, design and engineering resources in Poland and the UK

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-31 Chariot Carriers

Calgary, Alberta, Canada

Chariot Carriers, Inc. is a designer and developer of bicycle trailers and multi-functional child carriers.

Buy -

Seller(S) 1

DESCRIPTION

Chart Capital Partners is a private equity firm that invests in smaller middle-market companies through management buyouts, recapitalization and structured growth equity investments. Chart targets profitable, growth-oriented companies and enterprise value of $15 to $250 million. The Firm will consider opportunities throughout North America and looks to invest $10 to $50 million per transaction. Sectors of interest include energy services, food/beverage, communications, and niche manufacturing. Chart Capital seeks companies with revenue between $15 to $100 million. Chart Capital Partners was founded in 1995 and is based in New York City.


DEAL STATS #
Overall 4 of 10
Sector: Manufacturing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 7
State: Massachusetts M&A 1 of 1
Country: United States M&A 3 of 8
Year: 2010 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-01 Laney Drilling

Waller, Texas, United States

Laney Drilling is an independent horizontal directional drilling (HDD) company serving the oil and gas pipeline industry. Company is the only provider of integrated engineering, design and construction services for complex, large-scale HDD projects. Other applications of HDD include communication conduits, water lines, sewer lines and environmental remediation casings. Laney Drilling was founded in 1989 and is based in Waller, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-02 ATAC

Newport News, Virginia, United States

ATAC provides tactical airborne training services to the US Department of Defense and foreign allied governments via its fleet of more than 24 subsonic and supersonic fighter aircraft and its staff of elite military-trained pilots. ATAC was founded in 1994 and is based in Newport News, Virginia.

Buy -