NEW YORK, March 8, 2022 /PRNewswire/ — Investcorp, a number one world various funding agency, at present introduced its acquisition of S&S Truck Elements (“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 in 1952, S&S has an extended historical past of offering high-quality, engineered aftermarket truck components. At the moment, S&S serves over 1,600 prospects together with Authentic Gear Producers (OEMs), OE dealerships, impartial warehouse distributors and repair outlets primarily throughout North America.
“S&S operates in a big and resilient market that’s at the moment having fun with robust secular tailwinds pushed by the demand for trucking providers and growing old truck fleets,” stated Steve Miller, Managing Director, Non-public Fairness – North America at Investcorp. “This funding and partnership with the S&S crew was a pure extension of our expertise within the aftermarket auto and trucking trade. Its main market place, robust buyer relationships and the compelling worth proposition of S&S’s non-public label providing current a extremely engaging funding alternative.”
“Our objective is to all the time present our prospects with a big selection of high-quality truck components and a premium service by way of our skilled and gifted staff,” stated DJ Hoffman, Chief Govt Officer at S&S. “We’re proud to be partnering with Investcorp, who has a powerful monitor file within the aftermarket trade and a robust heritage in offering strategic and considerate partnership to household and founder-led companies. This marks an thrilling alternative to additional capitalize on the expansion of our distinctive non-public label and branded providing.”
The partnership will give attention to persevering with S&S’s natural development by way of new product introductions and geographic growth throughout North America whereas in search of 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 functionality of investing throughout the aftermarket distribution trade with notable previous investments together with Arrowhead Engineered Merchandise, FleetPride and American Tire Distributors and present portfolio firm KSI Auto Elements.
Investcorp is a worldwide funding supervisor, specializing in various investments throughout non-public fairness, actual property, credit score, absolute return methods, GP stakes, infrastructure, and insurance coverage asset administration. Since our inception in 1982, we now have targeted on producing engaging returns for our purchasers whereas creating long-term worth in our investee corporations and for our shareholders as a prudent and accountable investor.
We make investments a significant portion of our personal capital in merchandise we provide to our purchasers, making certain that our pursuits are aligned with our stakeholders, together with the communities that we function inside, in direction of driving sustainable worth creation. We take delight in partnering with our purchasers to ship tailor-made options for his or her wants, using a disciplined funding course of, using world-class expertise and mixing the sources of a worldwide establishment with an revolutionary, entrepreneurial strategy. In January 2022, Investcorp issued its 2021 Accountable Enterprise Report which outlines its Environmental, Social, and Governance (ESG) highlights for 2021 and particular initiatives the Agency applied to fulfill its targets: https://www.investcorp.com/esg/
Investcorp has at present 13 places of work throughout the US, Europe, GCC and Asia, together with India, China and Singapore. As of December 31, 2021, Investcorp Group had US $40.4 billion in whole AUM, together with property managed by third celebration managers, and employed roughly 460 individuals from 46 nationalities globally throughout its places of work. For additional info, go to www.investcorp.com and comply with us @Investcorp on LinkedIn, Twitter and Instagram.
About S&S Vans
S&S Truck Elements, LLC., is a number one distributor of personal label and branded aftermarket truck components. Beneath its proprietary “NewStar” model, S&S affords a large breadth of merchandise for heavy and medium-duty vehicles.