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Deloitte Corporate Finance Advises Bushwacker in Sale to Lund Int’l

January 26, 2015, 07:52 AM
Filed Under: Mergers & Acquisitions

Deloitte Corporate Finance LLC (“DCF”) acted as exclusive financial advisor to Bushwacker, Inc. in its sale to Lund International, Inc., a portfolio company of Highlander Partners. Bushwacker is a designer, manufacturer, marketer, and distributor of branded aesthetic and protective vehicle accessories that are sold through both aftermarket and original equipment channels. The deal closed on Jan. 20, 2015. 

DCF previously served as buyside advisor to Bushwacker in its acquisition of Stampede Products in 2012.

“We are excited to partner with Lund International and believe that the Bushwacker brand will be a strong complement to Lund’s existing product lines. Deloitte Corporate Finance has been a close partner and strategic advisor for many years, demonstrating unwavering commitment to our company and preparing our leadership team for success in all aspects of the transaction process,” said Russ Morgan, CEO of Bushwacker.

“We are very pleased to have worked with Russ Morgan and his management team on this transaction.  Bushwacker will serve as a strong complementary acquisition, with a shared culture of innovation and customer service. We are excited to have played a part in this strategic transaction,” said Lorin DeMordaunt, managing director and consumer and retail group lead of Deloitte Corporate Finance LLC.

Founded in 1967 and headquartered in Portland, Oregon, Bushwacker is a manufacturer of premium, branded vehicle accessories. The company’s robust product offerings include a variety of fender flares, bedrail and tailgate caps, vehicle cladding, bumper protectors, wind deflectors, and hood protectors marketed under both the Bushwacker and Stampede brand names. Through its dedication to innovative design, profitable growth, and brand development over the past 40 years, Bushwacker has successfully forged strong relationships with suppliers and customers.  In 2012, the Company undertook a key strategic growth initiative in its acquisition of Stampede Products.

Lund International Holding Company is a designer, manufacturer, and marketer of branded automotive aftermarket accessories for a full assortment of passenger cars and light trucks, as well as the heavy truck category. Its products include Ventvisors, hood shields, floor mats, fender flares, tonneau covers, storage boxes, and running boards, among others. Lund offers the industry’s broadest range of functional body and appearance products that provide customers with ways to customize and personalize their vehicles.

Highlander Partners, L.P. is a Dallas-based private investment firm with over $1 billion of assets under management. The firm focuses on making investments in businesses in targeted industries in which the principals of the firm have significant operating and investing experience, including basic manufacturing, food, chemicals, building materials, consumer products, and others.  Highlander Partners uses a “buy and build” investment approach, creating value by helping companies grow organically and through acquisitions.

Deloitte Corporate Finance LLC (DCF) provides strategic advisory services and M&A advice that help corporate, entrepreneurial and private equity clients create and act upon opportunities for liquidity, growth and long-term advantage.

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