Truck Hero Acquires Lund International

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.

CCMP Capital Acquires Controlling Interest in Truck Hero

April 3, 2017

Automotive

Affiliates of CCMP Capital have entered into a definitive agreement to acquire a controlling interest in Truck Hero, a leading supplier of aftermarket accessories for pickup trucks and Jeeps. TA Associates (the incumbent majority investor) and Truck Hero's founders will remain significant investors and management will continue to lead the company; the transaction is expected to close in Q2 2017 with terms 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.

TFI International Acquires Hercules Forwarding

March 11, 2024

Trucking & Fleet

TFI International has acquired Hercules Forwarding, a family-owned Less-Than-Truckload (LTL) carrier that operates a 31-terminal network across the U.S. and Canada. The bolt-on deal strengthens TFI's U.S. LTL footprint and cross-border capabilities by adding Hercules' fleet, terminals and expertise in US–Canada shipments.

Gear Aid Inc. Acquires HEROCLIP Product Line from Lulabop Inc.

January 21, 2022

Consumer Products

Gear Aid Inc. has acquired the HEROCLIP swivel carabiner product line from Lulabop Inc., bringing the award-winning accessory into Gear Aid's Adventure Tools portfolio. The acquisition will allow Gear Aid to reintroduce HEROCLIP through its network of over 2,500 retail and distribution partners across North America, Europe, the UK, Australia, New Zealand and Asia.

Truck-Lite Acquires Lumitec

April 17, 2019

Automotive

Truck-Lite, Co., LLC has acquired Lumitec LLC, a designer and manufacturer of extreme-environment LED lighting and lighting control systems for marine, off-highway and specialty vehicle OEM and aftermarket customers. Brown Gibbons Lang & Company served as exclusive financial advisor to Lumitec; terms were not disclosed. The acquisition expands Truck-Lite’s product and OEM capabilities in marine and specialty vehicle lighting.