M&A Deal Summary

Wheel Pros Acquires ReadyLIFT Suspension

On October 29, 2018, Wheel Pros acquired automotive company ReadyLIFT Suspension from Mangrove Equity Partners

Acquisition Highlights
  • This is Wheel Pros’ 4th transaction in the Automotive sector.
  • This is Wheel Pros’ 4th transaction in the United States.
  • This is Wheel Pros’ 1st transaction in Nevada.

M&A Deal Summary
Date 2018-10-29
Target ReadyLIFT Suspension
Sector Automotive
Buyer(s) Wheel Pros
Sellers(s) Mangrove Equity Partners
Deal Type Add-on Acquisition

Target

ReadyLIFT Suspension

Henderson, Nevada, United States
designs, manufactures, and distributes suspension leveling products and lift kits for the truck, jeep, and sport utility vehicle markets. It also offers accessories through its AMI Styling brand, as well as value-branded suspension kits through its RuggedLift brand. Wheel Pros currently serves more than 10,000 retailers with a global network of 33 distribution centers spanning North America and Australia.

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Buyer(S) 1

Buyer

Wheel Pros

Greenwood Village, Colorado, United States
Category Company
Founded 1995
Sector Automotive
DESCRIPTION

Wheel Pros is a designer, marketer, and distributor of branded automotive aftermarket wheels, performance tires, and accessories. Wheel Pros was founded in 1995 and is based in Greenwood Village, Colorado.

DEAL STATS #
Overall 4 of 13
Sector (Automotive) 4 of 13
Type (Add-on Acquisition) 3 of 11
State (Nevada) 1 of 1
Country (United States) 4 of 12
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-04 Gorilla Automotive Products

Los Angeles, California, United States

Amcor Industries, Inc. is a designer and distributor of branded automotive aftermarket lug nuts and wheel locks. Amcor Industries was founded in 1983 and is based in Los Angeles, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-16 MHT Luxury Wheels

Rancho Dominguez, California, United States

MHT Luxury Wheels, Inc. is a custom wheel manufacturer that designs, manufactures and distributes cutting-edge custom wheel brands across all major vehicle segments. Founded in the 1990s by Art Hale, Jr., MHT has grown from a small, family-run business into an industry leader with a portfolio of 7 proprietary wheel brands that are sold around the world.

Buy -

Seller(S) 1

SELLER

Mangrove Equity Partners

Tampa, Florida, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2007
Size Small
Type Sector Agnostic
DESCRIPTION

Mangrove Equity Partners is a lower-middle market private equity firm focused on investing in North American businesses valued from $15 to $75 million. Mangrove generally targets companies operating in basic industries with defensible market positions and solid growth prospects. Sectors of interest include services, manufacturing, and value-added distribution. Prospective businesses typically have revenues up to $100 million and are profitable with at least $2 million of cash-flow. Target transaction types include management buyouts/buy-ins, recapitalizations, industry, consolidations, family successions, and select turnarounds. Mangrove Equity Partners is based in Tampa, Florida.

DEAL STATS #
Overall 9 of 12
Sector (Automotive) 2 of 2
Type (Add-on Acquisition) 7 of 10
State (Nevada) 1 of 1
Country (United States) 8 of 11
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-14 Sharp Tooling Solutions

Romeo, Michigan, United States

Sharp Tooling Solutions is a manufacturer of high-precision custom tooling, serving the global automotive and aerospace markets. Sharp Tooling Solutions is based in Romeo, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-01 PPS

Alsip, Illinois, United States

PPS is a commonly-owned group of security companies with a disciplined focus on customer service, responsiveness, and employee care. PPS is based in Alsip, Illinois.

Buy -
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