MOTIS Brands (Prospect Hill) Acquires Cargo Equipment Corporation
October 17, 2023
MOTIS Brands, a Prospect Hill Growth Partners portfolio company, has acquired Cargo Equipment Corporation, a Huntley, Illinois-based manufacturer of heavy-duty tie downs and cargo equipment. The deal expands MOTIS' cargo control product assortment and will leverage MOTIS' shared services to enhance Cargo Equipment's eCommerce, operations and growth opportunities.
- Buyers
- MOTIS Brands, Prospect Hill Growth Partners
- Targets
- Cargo Equipment Corporation
- Platforms
- MOTIS Brands
- Industry
- Manufacturing
- Location
- Illinois, United States
- Transaction Type
- Addon
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Prospect Hill Growth Partners Acquires MOTIS Brands
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Prospect Hill Growth Partners (PHGP), a Boston-area private equity firm, has acquired MOTIS Brands from Rotunda Capital Partners. MOTIS is a vertically integrated direct-to-consumer and omni-channel manufacturer and e-commerce operator in the loading, hauling, mobility, automotive and recreational segments; PHGP plans to scale the platform organically and via complementary acquisitions.
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MOTIS Brands (Rotunda Capital) Acquires Mac's Custom Tie-Downs
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MOTIS Brands, a portfolio company of Rotunda Capital Partners, has acquired Mac's Custom Tie-Downs, a nearly 30-year-old manufacturer of tie-down systems headquartered in Sagle, Idaho. The acquisition adds U.S. manufacturing capability and expands MOTIS's portfolio of loading, hauling, automotive and cargo-control brands as an add-on to its platform.
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MOTIS Brands, a portfolio company of Prospect Hill Growth Partners, has acquired TITAN Ramps, a supplier of loading ramps, carriers, and accessories for mobility, powersports and automotive markets. MOTIS intends to integrate TITAN's assortment into its catalog, expand reach through existing channels (including DiscountRamps.com and major retailers), and grow the brand through shared services and marketing.
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First Capital Partners Makes Mezzanine Investment in MOTIS Brands to Support Consolidation of Race Ramps and DRC Holdings
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MOTIS Brands Acquires Pier of d'Nort
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MOTIS Brands, a Rotunda Capital Partners portfolio company, has acquired Pier of d'Nort, a St. Germain, Wisconsin-based manufacturer of patented aluminum pier systems. The add-on expands MOTIS's assortment in the outdoor/marine pier category and bolsters its U.S. manufacturing capabilities.
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Ascent Lifting Acquires Cargo Control USA
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Ascent Lifting, a Shorehill Capital-backed distributor and fabricator of lifting and rigging products, completed the acquisition of Cargo Control USA on March 1, 2023. The add-on deal expands Ascent Lifting's product offering, production and warehouse capacity and extends its geographic reach into Sanford, North Carolina.
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