M&A Deal Summary

Truck Hero Acquires BedRug

On April 2, 2009, Truck Hero acquired manufacturer BedRug from Wise Industries

Acquisition Highlights
  • This is Truck Hero’s 1st transaction in the Manufacturing sector.
  • This is Truck Hero’s 1st transaction in the United States.
  • This is Truck Hero’s 1st transaction in Tennessee.

M&A Deal Summary

Date 2009-04-02
Target BedRug
Sector Manufacturing
Buyer(s) Truck Hero
Sellers(s) Wise Industries
Deal Type Divestiture
Advisor(s) Capstone Financial Group (Financial)

Target

BedRug

Old Hickory, Tennessee, United States
BedRug, Inc. manufacturer of high-end cushioned and carpeted protective liners for the bed of a pickup truck.

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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 1 of 12
Sector (Manufacturing) 1 of 3
Type (Divestiture) 1 of 1
State (Tennessee) 1 of 1
Country (United States) 1 of 11
Year (2009) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-23 UnderCover

Rogersville, Missouri, United States

UnderCover, Inc. is a manufacturer of tonneau covers and bed liners for light duty trucks.

Buy -

Seller(S) 1

SELLER

Wise Industries

Old Hickory, Tennessee, United States

Category Company
Sector Automotive
DESCRIPTION

Wise Industries, Inc. produce exterior Components for the Automotive Industry as well as interior components for the RV and Conversion Van Industries.


DEAL STATS #
Overall 1 of 1
Sector (Manufacturing) 1 of 1
Type (Divestiture) 1 of 1
State (Tennessee) 1 of 1
Country (United States) 1 of 1
Year (2009) 1 of 1