M&A Deal Summary

Truck Hero Acquires Backrack

On April 23, 2019, Truck Hero acquired automotive company Backrack

Acquisition Highlights
  • This is Truck Hero’s 8th transaction in the Automotive sector.
  • This is Truck Hero’s 1st transaction in Canada.
  • This is Truck Hero’s 1st transaction in Ontario.

M&A Deal Summary
Date 2019-04-23
Target Backrack
Sector Automotive
Buyer(s) Truck Hero
Deal Type Add-on Acquisition

Target

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.

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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 11 of 12
Sector (Automotive) 8 of 9
Type (Add-on Acquisition) 10 of 11
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-16 Omix-ADA

Suwanee, Georgia, United States

Omix-ADA, Inc. is an independent developer and supplier of Jeep® and off-road parts, accessories and floor liners. Omix-ADA’s family of brands includes Rugged Ridge® and Alloy USA.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-10 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.

Buy -
Mergr

Product

Company

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