Lund International, a portfolio company of Highlander Partners, has acquired the assets of Tradesman Truck Accessories, a manufacturer of truck and utility boxes.
“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,” said Jeff Hull, Chairman of Lund and Managing Partner of Highlander.
Tradesman Truck Accessories is a manufacturer of aluminum and steel truck and utility boxes and liquid storage tanks. The company was founded in 1973 and is based in Winters, TX (www.tradesmantruck.com).
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).
“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,” 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 $500 million in capital under management and is based in Dallas (www.highlander-partners.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 4-23-13
