CCMP Capital Acquires Controlling Interest in Truck Hero

L Catterton-led Consortium Acquires Controlling Interest in Truck Hero

December 8, 2020

Consumer Products

A consortium led by consumer-focused private equity firm L Catterton — including a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA), Mubadala Investment Company and StepStone Group — has agreed to acquire a controlling interest in Truck Hero, Inc. CCMP Capital and Truck Hero founder/CEO Bill Reminder will remain meaningful investors. Truck Hero, headquartered in Ann Arbor, Michigan, is a leading manufacturer and marketer of branded aftermarket truck and Jeep accessories and operates the direct-to-consumer site RealTruck.com; the deal was expected to close in Q1 2021.

Truck Hero Acquires Lund International

May 10, 2019

Manufacturing

Truck Hero, Inc. announced on May 10, 2019 that it has merged with and acquired Lund International Holding Company, a portfolio company of Highlander Partners. The transaction brings Lund’s branded automotive accessories portfolio into Truck Hero as an add-on to expand product categories and distribution across light- and heavy-truck aftermarket segments; terms were not disclosed.

Truck Hero Acquires BACKRACK

April 30, 2019

Automotive

Truck Hero, Inc. acquired Backrack, LLC, a North American manufacturer of heavy-duty truck racks, on April 30, 2019. The acquisition expands Truck Hero's aftermarket truck accessory product offering and brings Backrack's cab-protection rack products and management team (led by Mike Cunningham) into Truck Hero's portfolio; terms were not disclosed.

KCM Capital Completes Majority Investment in 4 State Trucks

August 27, 2021

Trucking & Fleet

Chicago-based private investment firm KCM Capital Partners completed a majority investment in Four State International Trucks, LLC ("4 State Trucks"), a Joplin, Missouri-based distributor of heavy-duty truck aftermarket parts and accessories. The transaction was completed in partnership with PNC Mezzanine Capital; founding family members Bryan and Brice Martin will continue to lead the company and retain a significant ownership stake.

Traub Capital Acquires Signature Brands Unit from The Hero Group

October 29, 2018

Consumer Products

Swiss consumer goods company The Hero Group has sold its U.S. decoration business, Signature Brands, to investors Traub Capital. The divestment allows Hero to focus on core categories such as baby food and healthy snacks; financial terms were not disclosed.

JM Family Enterprises Acquires National Truck Protection from Kinderhook Industries

September 14, 2022

Automotive

JM Family Enterprises, through its JM&A Group division, acquired National Truck Protection (NTP) from Kinderhook Industries. NTP, headquartered in Winston-Salem, North Carolina, is a leading administrator of vehicle service contracts for used commercial vehicles and will become a division of JM&A Group to expand JM Family's F&I and protection product offerings.