CURT Group, a portfolio company of Audax Private Equity and a leading sales, marketing, engineering, and distribution company of towing products and truck accessories, has entered into an agreement to acquire United Welding Services (UWS) from Thule Inc.
Headquartered in Perry, Florida, UWS is a leading American manufacturer of storage solutions and truck accessories for professional tradesmen and truck enthusiasts. The transaction is expected to close later this month, according to a report.
“The acquisition of UWS marks another milestone moment in CURT Group’s history. It not only adds a new product line, customer base and manufacturing capacity, but we are also gaining a talented and motivated team that is aligned with the CURT Group culture of the customer is king and our associates are our greatest asset,” said CURT Group CEO, Rock Lambert. “This acquisition reaffirms our strategy of being a leader in aftermarket truck and towing accessories. We want to offer our customers a portfolio of the industry’s leading brands with the broadest product offering in the automotive, truck and Jeep accessories market.”
UWS offers U.S.-based manufacturing capabilities and a full product line of cross-bed truck boxes, chest boxes, transfer tanks, hitch carriers and ladder racks. In addition to a full line of towing and truck accessory products, CURT Group will be able to offer UWS customers an expanded distribution network, the company noted.
“Becoming part of the CURT Group family is extremely exciting for UWS, and it is the perfect partnership given the adjacency of our products and customer channels,” said Jimmy Giddens, vice president, UWS. “Together, as part of CURT Group, our combined organization will be able to offer the marketplace world-class products and service, unmatched capabilities, scale and distributive manufacturing, and industry-leading turnaround times.”