Bahrain-based leading global alternative investment firm, Investcorp has acquired the US-based leading independent distributor of private label and branded aftermarket truck parts, S&S Truck Parts (S&S).
According to the statement, “The collaboration will focus on sustaining S&S’s organic growth by growing its unique private label offering, speeding up new product development, expanding geographically across North America, and pursuing strategic add-on acquisitions.”
The senior management team of S&S will retain a significant ownership stake in the business as part of the transaction, the company noted.
Mr. Yusef Al Yusef, Head of Investcorp’s Private Wealth said that, “We are pleased to have entered into this investment with S&S Truck Parts, as it complements our experience in the vehicle replacement parts industry. S&S’s leading market position, strong customer relationships, and the compelling value proposition of its private-label offering present an attractive investment opportunity.”
Mr. DJ Hoffman, Chief Executive Officer at S&S commented that, “Our goal is to always provide our customers with a wide selection of high-quality truck parts and a premium service through our experienced and talented employees.”
“We are proud to be partnering with Investcorp, who has an impressive track record in the vehicle replacement parts industry and a strong heritage in providing strategic and thoughtful partnership to family and founder-led businesses. This marks an exciting opportunity to further capitalize on the growth of our unique private label and branded offering,” Mr. Hoffman added.
S&S Truck Parts
Founded in 1952, S&S has a long history of providing high-quality, engineered replacement truck parts. S&S serves over 1,600 customers including Original Equipment Manufacturers (OEMs), commercial truck dealers, independent warehouse distributors, and service shops primarily across North America.