KCM Capital Completes Majority Investment in 4 State Trucks

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.

Patriot Capital Leads Majority Recapitalization of Central States Bus Sales, Inc.

February 15, 2024

Transportation

Patriot Capital led a debt and equity co-investment to support a majority recapitalization of Central States Bus Sales, Inc. The transaction included co-investors Independent Bankers Capital Funds, Capital For Business, Konza Valley Capital and CSBS President & CEO Jeff Reitz, and provides capital to support the dealer’s long-term growth and geographic expansion across its multi-state territory.

KCM Capital Partners Acquires ICAT Logistics

December 17, 2021

Transportation

Chicago-based private investment firm KCM Capital Partners led the acquisition of Elkridge, Maryland-headquartered ICAT Logistics, with equity and subordinated debt support from Lightspring Capital Partners and Midwest Mezzanine Funds and senior debt provided by Live Oak Bank. ICAT's founder and management remain invested and will continue to run the business; the deal positions ICAT for accelerated growth through expansion of its agency network and strategic acquisitions.

Majors Management Acquires K&H Truck Plaza (Gilman, Illinois)

November 9, 2022

Energy

Majors Management, LLC has acquired the K&H Truck Plaza in Gilman, Illinois, marking the company's first acquisition in Illinois and an expansion into truck stops and travel centers. The 12-acre BP-branded facility includes a truck repair shop, restaurant, convenience store, Dunkin' franchise and Tesla EV charging; seller was K&H (owned/operated by Andrew Herscher).

Investcorp Acquires S&S Truck Parts

March 8, 2022

Transportation

Investcorp, a global alternative investment firm, has acquired S&S Truck Parts, a long-established independent distributor of private-label and branded aftermarket truck parts. The partnership will support S&S's organic growth through new product introductions and North American geographic expansion while pursuing strategic add-on acquisitions; DJ Hoffman will retain a significant ownership stake.

Dickinson Fleet Services Acquires Interstate Truck Center

November 10, 2020

Transportation

Dickinson Fleet Services, backed by majority shareholder Ridgemont Equity Partners, has acquired Interstate Truck Center of Kansas City, Missouri. The deal creates a combined mobile maintenance platform (700+ mobile repair units) that expands Dickinson's national mobile and emergency fleet maintenance capabilities and positions the business for further growth.