Cameron Holdings and Bush O’Donnell Capital Partners have acquired Henderson Enterprises Inc., a maker of heavy-duty truck equipment used chiefly by municipal customers for snow removal and ice control. No financial terms were disclosed.
Cameron Holdings announced today the acquisition of Henderson Enterprises, Inc. (“Henderson”) in partnership with Henderson management and Bush O’Donnell Capital Partners. Terms of the transaction were not disclosed.
Henderson, founded in 1946, is a leading designer and manufacturer of heavy-duty truck equipment used chiefly by municipal customers for snow removal and ice control. Henderson offers a complete, fully integrated line of products that include specialized truck bodies, snow plows, sand and salt spreaders, liquid de-icing systems and preventative anti-icing systems. The Company also provides turnkey solutions to municipal fleets by up fitting complete packages of snow and ice equipment onto the chassis.
Don Metzger, Vice President at Cameron Holdings, commented, “We are extremely pleased to be able to add Henderson to our portfolio. Henderson is uniquely positioned in the heavy-duty truck equipment sector with exceptional manufacturing and product development capabilities, a full suite of best-in-class product offerings, and a strong management team. We look forward to working with management in taking the Company to the next level.”
“Cameron Holdings demonstrated strong operational experience and commitment to growth,” Randy Smedstad, President and CEO of Henderson, commented. He continued, “This experience, combined with their ability to move quickly and in a straight-forward manner made me confident they were best suited to support the Company’s strategic growth plans. I am confident that our employees, customers and vendors will benefit from this transaction.”
Cameron Holdings Corporation is a private equity group located in San Diego, California and St. Louis, Missouri that specializes in the acquisition and operation of middle market manufacturing and industrial service companies. Since its beginning in 1978, Cameron has developed a long and successful track record of completing 34 transactions with an aggregate transaction value in excess of $1.0 billion.