Lund International, a portfolio company of Highlander Partners, has acquired Prestige Fender Flares from Empower Group. Prestige is the first add-on acquisition completed by Lund under Highlander’s ownership.
Prestige Fender Flares is a designer and producer of automotive aftermarket fender flares for light trucks and SUVs. The company was founded by Anthony Liu and Robert Chen who will join Lund in a management capacity focusing on new product development. Prestige Fender Flares is based in Allen, TX (www.prestigefenderflares.com).
“This acquisition is validation of Lund’s desire to be a leader across all product categories in the exterior aftermarket automotive accessories market. It also serves as confirmation of our ongoing interest in utilizing an acquisition-based strategy as appropriate to complement our organic growth efforts. We continue to evaluate numerous other potential acquisitions and are always on the lookout for new opportunities,” said Jeff Hull, Chairman of Lund International and Managing Partner of Highlander.
Lund International is a designer, manufacturer and marketer of branded automotive aftermarket accessories for passenger cars, light trucks, and heavy trucks. Its products include vent visors, hood shields, floor mats, tonneau covers, storage boxes, and running boards, among others. The company is based in Buford, GA (www.lundinternational.com).
“The addition of Prestige’s fender flares to the Lund family of products solidifies our leadership in the automotive aftermarket accessories industry. We look forward to working with Anthony and Robert to maximize the potential of the excellent product offering they have developed and exploit their combined new product ideas,” said Mitch Fogle, President of Lund.
Highlander Partners makes investments in middle market businesses in targeted industries in which the principals of the firm have significant operating and investing experience. Sectors of interest include healthcare, basic manufacturing, food, and building materials. The firm has over $400 million in capital under management and is based in Dallas (www.highlander-partners.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 3-12-13