New York, 8 March 2022 /PRNewswire/ — Investcorp, a number one world various funding agency, in the present day introduced the acquisition of S&S Truck Components (“S&S”), a number one impartial distributor of personal label and branded aftermarket truck components. Phrases of the transaction weren’t disclosed.
Based in Chicago Established in 1952, S&S has an extended historical past of offering high-quality, engineered aftermarket truck components. In the present day, S&S primarily serves greater than 1,600 prospects, together with authentic gear producers (OEMs), OE dealerships, impartial warehouse distributors and repair retailers. North America,
“S&S operates in a big and resilient market that presently enjoys a powerful secular tailwind pushed by demand for trucking companies and older truck fleets,” stated steve millerManaging Director, Non-public Fairness – North America In Investcorp. “This funding and partnership with the S&S group was a pure extension of our expertise within the aftermarket auto and trucking business. Its main market place, sturdy buyer relationships and the enticing worth proposition of S&S personal label current a extremely enticing funding alternative. We do.”
“Our objective has all the time been to supply our prospects with a big selection of top quality truck components and a premium service by means of our skilled and gifted employees,” stated DJ Hoffmann, S&S Chief Government Officer. “We’re proud to companion with Investcorp, which has a powerful observe document within the aftermarket business and a powerful legacy in offering strategic and considerate partnerships to household and founder-led companies. That is an thrilling alternative to drive development ahead. An emblem of alternative. Our distinctive personal label and branded providing.”
The partnership will concentrate on persevering with S&S’s natural development by means of new product introductions and geographic growth North America Whereas looking for to finish strategic, add-on acquisitions. DJ hoffman will retain a major possession stake within the enterprise as a part of the transaction.
Investcorp has a longtime means to spend money on the aftermarket distribution business with notable previous investments together with Arrowhead Engineered Merchandise, Fleetpride and American Tire distributors and present portfolio firm KSI Auto Components.
Investcorp is a worldwide funding supervisor, specializing in various investments in personal fairness, actual property, credit score, absolute return methods, GP bets, infrastructure and insurance coverage asset administration. Since our inception in 1982, now we have targeted on producing enticing returns for our shoppers, whereas creating long-term worth in our invested firms and for our shareholders as a prudent and accountable investor.
We make investments a good portion of our capital within the merchandise we provide to our prospects, making certain that our pursuits are aligned with these of our stakeholders, together with the communities inside which we function, to create sustainable worth. are within the path. We take pleasure in partnering to supply options tailor-made to the wants of our shoppers, using a disciplined funding course of, using world-class expertise and mixing the assets of a worldwide establishment with an revolutionary, entrepreneurial strategy. In January 2022Investcorp launched its 2021 Accountable Enterprise Report, which highlights its Environmental, Social and Governance (ESG) for 2021 and the particular initiatives the agency has carried out to fulfill its targets: https://www. .investcorp.com/esg/
Investcorp in the present day has 13 workplaces throughout the US, Europegcc and AsiaTogether with India, China And Singapore, In type of December 31, 2021Investcorp Group has US . was $40.4 billion In whole AUM, together with belongings managed by third social gathering managers, and its workplaces make use of roughly 460 individuals of 46 nationalities globally. For extra info, go to www.investcorp.com and comply with @Investcorp on LinkedIn, Twitter and Instagram.
About S&S Vehicles
S&S Truck Components, LLC., is a number one distributor of personal label and branded aftermarket truck components. Beneath its proprietary “Newstar” model, S&S presents a large breadth of merchandise for heavy and medium-duty vehicles.