CURT Manufacturing, a portfolio company of Audax Group, has acquired Aries Automotive. No financial terms were disclosed. Headquartered in Torrance, Calif., Aries is a provider of aftermarket truck accessories. Alvarez & Marsal Transaction Advisory Group acted as financial advisor on the transaction.
BOSTON–(BUSINESS WIRE)–CURT Manufacturing (“CURT”) announced it has acquired Aries Automotive (“Aries”). Headquartered in Torrance, California, Aries designs, manufactures and distributes aftermarket truck accessories including grille guards, side bars, and steps.
CURT, headquartered in Eau Claire, Wisconsin, designs, manufactures, and distributes towing solutions and trailer and cargo management accessories for passenger vehicles and trucks. CURT sells its products through installer, distributor, e-commerce, retail, and auto dealer channels.
Jay Mitchell, Managing Director of Audax Group said, “Aries is a market leader with a strong brand and reputation in the truck accessories market. We look forward to partnering with their management team to continue growing the business organically and through strategic add-on acquisitions.”
Greg Hooks, Chief Executive Officer of CURT said, “CURT is very excited to be joining forces with Aries. Their focus on product development and strong customer service is a great fit with CURT’s strategy.”
Jeff Perez, President of Aries, said “Partnering with CURT and Audax provides Aries with additional resources to continue supporting our customers’ growth across North America. We look forward to working with CURT and Audax as we continue to build the company.”
Alvarez & Marsal Transaction Advisory Group served as financial advisor, and Fredrikson & Byron, P.A. served as legal counsel, to CURT.
ABOUT AUDAX GROUP
Audax Group, founded in 1999, is a leading investor in lower-middle market companies. With offices in Boston, New York and Menlo Park, Audax has over $6 billion in assets under management in its Private Equity, Mezzanine, and Senior Debt businesses. For more information visit the Audax Group website www.audaxgroup.com.