Transamerican Auto Parts to be acquired by Polaris
October 12, 2016 @ 7:28 am
Reuters
Among products made by Transamerican Auto Parts is the Rubicon Express suspension lift kit for Jeeps.
All-terrain vehicle maker Polaris Industries Inc. said today it would buy off-road SUV accessories maker Transamerican Auto Parts Co. for about $665 million.
TAP is a leader in the fast-growing $10 billion SUV accessories market and is known for aftermarket brands such as Pro Comp, Rubicon Express and Poison Spyder.
The deal will create a leading company in the four-wheel drive off-road market and extend Polaris' presence in aftermarket accessories and attract new consumers to its existing brands, including Polaris Ranger and Sportsman ATVs.
Compton, Calif.-based TAP had sales of $740 million in the 12 months ended Sept. 30.
Privately owned TAP sells and distributes its products through multiple channels, including 75 4Wheel Parts stores and two online platforms.
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This means 4WPW, 4WDH, Pro-Comp, Smittybilt, Rubicon Express, Trail Master and Poison Spider Custom.