Sale to TA Associates

Consumer
Sale to TA Associates

Summary

Baird served as the exclusive financial advisor to Tectum Holdings, Inc. on this transaction.

About

Kinderhook Industries, LLC (“Kinderhook”) recently announced the sale of a majority stake in Tectum Holdings, Inc. (“THI”) to TA Associates, LLC (“TA”). Terms of the transaction were not disclosed.

THI is the premier manufacturer of tonneau covers, bed liners and related truck accessories. THI’s family of brands includes Extang, TruXedo, BedRug, UnderCover, Advantage, Retrax and BAK. THI is headquartered in Ann Arbor, Michigan.

Kinderhook is a private equity firm with over $1.25 billion of committed capital that primarily makes control investments in companies in which the firm can achieve financial, operational and growth improvements. The firm targets orphaned non-core subsidiaries of corporate parents, existing small capitalization public companies lacking institutional support and management-led recapitalizations of entrepreneur-owned companies. Kinderhook is headquartered in New York, New York.

Founded in 1968, TA Associates is one of the largest and most experienced global middle-market growth private equity firms. The firm has invested in more than 440 companies around the world and has raised $18 billion in capital. With offices in Boston, Menlo Park, London, Mumbai and Hong Kong, TA leads buyouts and minority recapitalizations of profitable growth companies in the technology, financial services, business services, healthcare and consumer industries.

For additional information about this transaction, please contact:

Adam Czaia (414) 298-7358
Tom Lacy (414) 298-7648
Nick Pavlidis (312) 609-4977
Brian McDonagh (704) 553-6611
Tom Coburn (414) 298-5972
David Silver +44 (0) 20 7667 8216
Consumer
Sale to TA Associates
Date
July 2014
Company
Tectum Holdings, Inc.
Transaction
M&A
Sectors
Consumer
Target Location
North America
Acquiror Location
North America

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