Covercraft Industries, a portfolio company of Century Park Capital Partners, has acquired South Carolina-based Carver Industries, a maker of protective covers for the marine industry. No financial terms were disclosed.
PAULS VALLEY, Okla.–(BUSINESS WIRE)–Covercraft Industries, LLC announced today the acquisition of Carver Industries, a well-established manufacturer of premium-quality, custom-fit and semi-custom fit protective covers for the marine industry. This latest acquisition enhances Covercraft’s world-leading pattern library and expands the company’s assortment of custom-fit vehicle protection products.
Based in South Carolina, Carver Industries produces a wide array of boat covers, bimini tops, canoe and kayak covers as well as various ATV and UTV covers. Carver’s products are currently available through local marine dealers and internet retailers with distribution throughout the U.S., Canada, the Caribbean and Europe. “We’re excited to be joining the Covercraft family and bringing Carver’s high-quality marine products to their customer base,” said John Kelaher, former owner of Carver Industries and new VP of Marine Products at Covercraft. This latest acquisition places Covercraft squarely in the marine industry, leveraging the company’s expansion in the outdoor market with its previous acquisitions of ADCO, GT Covers and Marathon Seat Covers. “Carver expands our authority as the protection leader into the marine industry and firmly places Covercraft in a category of one in aftermarket protection products for vehicles of all types,” said Mark Korros, President and CEO of Covercraft Industries.
Carver Industries is the fourth company to join Covercraft’s ever-increasing family of vehicle protection products since Covercraft partnered with Century Park Capital Partners in 2015. Guy Zaczepinski, Managing Partner with Century Park Capital Partners and Chairman of Covercraft, concluded, “Carver not only offers us access to the marine custom cover market, which is largely a stable, replacement business, but also provides counter-seasonal production capacity for our core automotive cover offerings. We are fortunate to have yet another high-quality, established brand join our growing vehicle protection family.”
Located in Landrum, South Carolina, Carver Industries is an industry leader in marine covers with over 30 years of experience fabricating products that withstand the rigors of boating. Carver strives to build a quality product at a very competitive price backed by excellent customer service. The company’s products include a wide array of boat covers, bimini tops, canoe and kayak covers as well as various ATV and UTV covers. Carver’s products are currently available through local marine dealers and internet retailers with distribution throughout the U.S., Canada, the Caribbean and Europe. For more information, please visit www.carvercovers.com.
Covercraft Industries, LLC is the leading branded manufacturer of automotive protection products including vehicle covers, seat covers, front end masks, dashboard covers, window sunscreens, RV covers, patio furniture covers and other products that preserve and protect. The company focuses on custom products with a library that includes more than 450,000 patterns for distinct automotive and outdoor protection. Covercraft is certified to both ISO/TS16949:2009 and ISO 14001 standards.
Covercraft owns additional market-leading brands including ADCO, Colgan, DashMat, GT Covers, Marathon Seat Covers, PCI and Wolf. Licensed partnerships include Carhartt, Ford, Tommy Bahama and Winnebago. Founded in Southern California in 1965, Covercraft is headquartered in Pauls Valley, Oklahoma with additional manufacturing facilities in California, Colorado, Texas, Montana, Australia and Mexico. For more information, please visit www.covercraft.com.
About Century Park Capital Partners:
Century Park Capital Partners is a Los Angeles-based private equity firm established in 2000 that invests in family businesses, owner-operated companies and corporate divestitures with the purpose of accelerating their growth. We specialize in acquiring strategically well-positioned yet under-resourced middle market companies with identifiable potential for value creation through the addition of critical resources. We leverage our team of operating executives, the Century Park Executive Council, to invest in companies within their particular domain expertise, and then further support our investments with proven operational and strategic initiatives including buy-and-build acquisition programs, process improvement plans and infrastructure additions. Since inception, Century Park has completed 61 transactions. For more information on Century Park, please visit www.centuryparkcapital.com.