The consortium includes a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA), as well as Mubadala Investment Company and StepStone Group Inc. “We are thrilled that Omix-ADA is now part of Truck Hero, and we look forward to leveraging our sales and marketing capabilities and Omix-ADA’s unrivaled portfolio to accelerate our growth and build on the company’s position as a trusted go-to source for aftermarket parts and accessories.” This transaction marks Truck Hero’s thirteenth acquisition since its formation in 2007 and is well aligned with the Company’s growth strategy of acquiring businesses within the vehicle accessory market that further diversify its product portfolio.Kirkland & Ellis represents L Catterton, which along with CCMP Capital announced today the entry into a definitive agreement under which a consortium led by L Catterton and its affiliates will acquire a controlling interest in Truck Hero®, Inc., the leading provider of functional aftermarket accessories for pickup trucks and Jeep® vehicles. “Jeeps are the number one most accessorized vehicle in the world and Omix-ADA is by far the most respected player in the steadily growing Jeep aftermarket space,” said Bill Reminder, president and CEO of Truck Hero. Based in in Suwanee, Ga., Omix-ADA offers more than 13,000 products across the accessories, replacement and restoration categories and are sold in more than 90 countries worldwide. The transaction terms were not disclosed and is expected to close by the end of October. Omix-ADA’s family of brands includes Rugged Ridge and Alloy USA. Truck Hero has announced that it is in the process of acquiring Omix-ADA, Inc., the world’s largest independent developer and supplier of Jeep and off-road parts, accessories and floor liners.
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