Lund International, a Portfolio Company of Highlander Partners, Acquires the Assets of Tradesman Truck Accessories
Buford, GA – April 22, 2013 – Lund International Holding Company, a portfolio company of Highlander Partners, L.P., today announced it has acquired the assets of Tradesman Truck Accessories, LLC. Tradesman, based in Winters, Texas, is a manufacturer of aluminum and steel truck and utility boxes, as well as liquid storage tanks. Tradesman will continue to operate in Winters, Texas with the current management team remaining in place.
Tradesman was founded in 1973 and has a reputation within the industry for the high quality and durability of its products, all of which are made in the USA. Jerry McGuire, President of Tradesman, remarked, “Lund’s broad reach into the major automotive aftermarket and OEM distribution channels, along with its complementary aluminum truck box product offering, will only enhance the operations of Tradesman and present us with access to significant new outlets for growth. I am excited to be joining the Lund team and look forward to contributing to its continued success.”
Mitch Fogle, President of Lund, said, “This acquisition bolsters Lund’s existing aluminum box offering and provides us a complete category line-up by expanding our capabilities into the steel box and liquid storage tank markets. Tradesman is an excellent strategic fit for Lund and we will be able to offer our existing and new customers virtually any box or transfer tank product.” Jeff L. Hull, Chairman of Lund and Managing Partner of Highlander, added, “This acquisition, Lund’s second in the last sixty days, confirms our strategy to seek strategic opportunities that build on and expand Lund’s existing business and product offering. We continue to evaluate numerous other potential acquisitions and expect to make additional acquisitions in the future.”
About Lund International
Lund International Holding Company is a leading designer, manufacturer, and marketer of branded automotive aftermarket accessories for a full assortment of passenger cars and light trucks, as well as the heavy truck category. Its products include Ventvisors®, hood shields, heavy-duty floor mats, tonneau covers, storage boxes, and running boards, among others. Lund offers the industry’s broadest range of functional body and appearance products that provide customers with ways to customize and personalize their vehicles.
For more information about Lund, please visit www.lundinternational.com.
About Highlander Partners
Highlander Partners, L.P. is a Dallas-based private investment firm with partners that have committed over $500 million of principal funds for direct private equity investments in North America and Central Europe. The firm focuses on making investments in middle market businesses in targeted industries in which the principals of the firm have significant operating and investing experience, including basic manufacturing, food, building materials and others. Highlander Partners uses a “buy and build” investment approach, creating value by helping companies grow organically and through acquisitions.
For more information about Highlander Partners, please visit www.highlander-partners.com.