M&A Deal Summary

Truck Hero Acquires A.R.E. Accessories

On April 28, 2015, Truck Hero acquired automotive company A.R.E. Accessories from Crystal Ridge Partners

Acquisition Highlights
  • This is Truck Hero’s 3rd transaction in the Automotive sector.
  • This is Truck Hero’s 5th transaction in the United States.
  • This is Truck Hero’s 1st transaction in Ohio.

M&A Deal Summary
Date 2015-04-28
Target A.R.E. Accessories
Sector Automotive
Buyer(s) Truck Hero
Sellers(s) Crystal Ridge Partners
Deal Type Add-on Acquisition
Advisor(s) Western Reserve Partners LLC (Financial)
Goodwin Procter (Legal)

Target

A.R.E. Accessories

Massillon, Ohio, United States
A.R.E. Accessories is a manufacturer of Caps and Covers (“Caps and Covers”) for pickup tucks, and provides contract manufacturing of large, highly engineered fiberglass parts. The Company serves the truck, agricultural, and specialty vehicle industries.

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Buyer(S) 1

Buyer

Truck Hero

Ann Arbor, Michigan, United States
Category Company
Founded 2007
Sector Automotive
DESCRIPTION

Truck Hero is a designer, manufacturer and marketer of branded consumer accessories for pickup trucks. The company operates as the holding company for several market leading brands including Advantage, BAK, Extang, Retrax, TruXedo and UnderCover. Truck Hero also produces truck bed liners under the BedRug brand. Truck Hero was founded in 2007 and is based in Ann Arbor, Michigan.

DEAL STATS #
Overall 5 of 12
Sector (Automotive) 3 of 9
Type (Add-on Acquisition) 4 of 11
State (Ohio) 1 of 1
Country (United States) 5 of 11
Year (2015) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-18 Laurmark Enterprises

San Fernando, California, United States

Laurmark Enterprises, Inc. (dba BAK Industries)manufacturer of hard automotive composite folding, rollup and retractable tonneau covers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-01 N-FAB

Houston, Texas, United States

N-FAB, Inc. is a manufacturer of tubular accessories for most makes and models of Trucks and SUVs, both foreign and domestic.

Buy -

Seller(S) 1

SELLER

Crystal Ridge Partners

Maplewood, New Jersey, United States
Category Private Equity Firm
Founded 2005
PE ASSETS 70M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Crystal Ridge Partners (CRP) was a private equity firm focused on buyouts, recapitalizations, and growth equity transactions of lower middle-market companies. CRP looks for opportunities in the manufacturing, value-added distribution, consumer products, traditional media, and specialty services sectors. The Firm targets companies with $10 to $50 million in sales and EBITDA of $1 to $4 million. CRP prefers businesses located in the Eastern US and Canada. Crystal Ridge Partners was formed in 2005 and is based in Maplewood, New Jersey.

DEAL STATS #
Overall 4 of 4
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Ohio) 1 of 1
Country (United States) 4 of 4
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-01 Plus One

New York, New York, United States

Plus One provides fitness and well-being services to clients across a broad range of industries, driving employee engagement in health and wellness programs. Plus One was founded in 1986 and is based in New York City.

Sell -
Mergr

Product

Company

Legal