SCA Performance Inc, a portfolio company of Kinderhook Industries LLC, said March 25 that it acquired Rocky Mountain Truckworks. Financial terms weren’t announced. Rocky Mountain, of Fort Collins, Colorado, is an OEM authorized specialty vehicle maker for light-duty trucks.
SCA Performance Acquires Rocky Mountain Truckworks
March 25th, 2019
New York, NY – SCA Performance, Inc. (“SCA” or the “Company”), a portfolio company of Kinderhook Industries, LLC (“Kinderhook”), announced today the acquisition of Rocky Mountain Truckworks (“RMT”), a leading OEM authorized specialty vehicle manufacturer (“SVM”) for light-duty trucks. RMT represents Kinderhook’s 71st automotive-related transaction. Financial terms of the transaction were not disclosed.
Headquartered in Trussville, Alabama, SCA is a leading OEM authorized SVM for light-duty trucks. The Company receives new vehicles directly from the OEM’s, adds specialty packages and then sells the up-fitted vehicles to new truck dealers with a full OEM warranty. SCA’s vehicles are differentiated by their proprietary premium design packages, high-quality installations and OEM warranty.
Based in Fort Collins, CO, Rocky Mountain Truckworks is a direct competitor of SCA and an OEM authorized SVM for GM and RAM light-duty trucks. Similar to SCA, RMT receives new vehicles directly from OEMs, then in turn sells up-fitted vehicles directly to new truck dealerships. Simultaneously with closing the transaction, SCA has opened a new facility in Fort Collins to house the Western U.S. production needs of RMT and SCA. The RMT shareholders will roll a portion of their sale proceeds into an equity stake in SCA, and former RMT employee Preston Hess will remain involved in operations going forward as SCA’s General Manager.
“RMT is the perfect acquisition to expand our distribution footprint to the Western United States,” says SCA CEO, Michael McSweeney. “We are now the only SVM with a nationwide footprint.”
Tom Tuttle, Managing Director of Kinderhook Industries, stated, “Michael and his team have done a tremendous job growing SCA since we acquired the business last year. We are excited about SCA partnering with another leading SVM and expanding its distribution and customer footprint to the Western U.S.”
Wood & Lamping LP served as legal counsel to SCA. Financing for the transaction was provided by Regions Bank.