Prospect Partners sells motorhome-mirror maker after tech expansion


Prospect Partners, private equity, m&a, merger, Velvac, Eastern Co, autos, trucks, vehicles
  • 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 ...

This content is available for Buyouts subscribers only. Request a free trial to get access for a limited period

If you already have an active Buyouts subscription, please sign in to view this article.

Digital Edition

cover

To read a digital copy of our latest magazine

click here

PE News Briefs