Prospect Partners sells motorhome-mirror maker after tech expansion

Prospect Partners, private equity, m&a, merger, Velvac, Eastern Co, autos, trucks, vehicles
Photo of Rick Tuttle courtesy of Prospect Partners
  • Prospect invested in 2005, partnering with CEO Jeff Porter
  • Expanded from recreational vehicles into heavy-duty trucks
  • In 2014 acquired telematics company to create Road-iQ vision system
When Prospect Partners sold Velvac to Eastern Co, a deal that closed April 3, it marked the end of a more-than-decade-long hold. During that time, which encompassed the financial crisis, the Great Recession and the recovery, Velvac expanded from producing mirrors ...

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