Lund International, a portfolio company of Highlander Partners, has acquired Roll-N-Lock Corporation, a designer and manufacturer of retractable tonneau covers for light trucks.
Roll-N-Lock’s operations will continue to be conducted from Roll-N-Lock’s existing facility in Pompano Beach. The company’s employees will join the Lund International team and will be led by Brandon Bernardo, co-owner and President of Roll-N-Lock (www.rollnlock.com).
“Lund’s broad reach into the major automotive markets, along with its current tonneau and truck accessories offering, will only enhance the operations of Roll-N-Lock and present us with access to significant new outlets for growth,” said Mr. Bernardo.
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. Company owned brand names include Lund, AVS, Belmor, AMP Research, Rampage, Bushwacker, TonnoPro and Stampede. Lund is based northeast of Atlanta in Buford, GA (www.lundinternational.com).
“The addition of Roll-N-Lock is highly strategic and complementary to Lund’s existing tonneau product offerings. The acquisition will enhance Lund’s breadth in the tonneau category, rounding out Lund’s offering with retractable tonneau covers,” said Mitch Fogle, President and CEO of Lund International.
“This acquisition, Lund’s seventh since Highlander acquired the company in 2011 and our second in the tonneau category in less than a year, reconfirms our strategy of executing strategic add-on acquisitions that enhance and expand Lund’s existing business and product offerings,” said Jeff Hull, Chairman of Lund and Managing Partner of Highlander. “We have consistently identified Lund product categories where customers desire a more comprehensive offering of products, and we have focused our acquisitions on broadening those options in the targeted categories. We are continuing to evaluate M&A opportunities and expect to make additional acquisitions going forward.”
Highlander Partners makes investments in middle market businesses in targeted industries where the principals of the firm have significant operating and investing experience. Sectors of specific interest include basic manufacturing, food and beverage, specialty chemicals, building materials, and consumer products. The firm has over $1 billion of assets under management and is based in Dallas (www.highlander-partners.com).
© 2016 PEPD • Private Equity’s Leading News Magazine • 3-1-16
