CCMP Capital Advisors has announced that its affiliates will acquire a controlling interest in Truck Hero, a leading provider of aftermarket accessories for pickup trucks and Jeeps.
TA Associates, the current holders of a majority interest in Truck Hero, and Truck Hero’s founding Chief Executive Officer, Bill Reminder and Chief Operating Officer, Kelly Kneifl, will remain significant investors in the company as part of the transaction.
Founded in 2007, Truck Hero has rapidly grown and today is the market leader across all channels of distribution in the vast majority of its business segments.
The transaction is expected to close in the second quarter of 2017, subject to customary closing conditions.
Headquartered in Ann Arbor, MI, Truck Hero has focused on providing consumers a full range of truck bed covers and other truck and Jeep® accessories with market leading functionality, engineering, quality, and design. The breadth of Truck Hero’s product offerings addresses virtually every consumer price point in both the hard and soft truck bed cover categories. Truck Hero’s industry leading family of brands includes Extang, TruXedo, BedRug, UnderCover, Advantage, Retrax, BAK, A.R.E., N-FAB, Husky Liners, Rugged Liner and two online retailers: AutoCustoms and Real Truck.
Category: General Update