The investment aims to build on OVS’s high-growth vision and provides the company with the capital support necessary to achieve the vision laid out by founder and CEO Sean Angues and his team, the company said.
OVS has several brands under its portfolio: King 4WD, a Jeep accessory supplier; Up Down Air, an air management company and Overland Vehicle Systems, its parent company.
“In 2018, we started this business with a wealth of experience in the automotive aftermarket and a product strategy targeted at Overlanding, one of the fastest-growing segments in the industry. In just three years, our rapid growth has positioned us as a preferred product line for enthusiast customers and a leader in the Overlanding industry,” said Sean Angues, CEO & Founder of OVS. “When I started exploring bringing on a partner, the team at Caymus Equity was an obvious choice because they understand and share my vision for making OVS a leading company in the automotive aftermarket.”
“We jumped at the opportunity to partner with the team that is credited for transforming industry-leading brands like Smittybilt, Poison Spyder, and Pro Comp Suspension into what they are today,” commented Chris Faux, Principal and deal lead at Caymus Equity. “We’re excited to back Sean and his team, that were integral members of the management team at Transamerican that put in place the systems and processes that made it such a success story through its eventual sale in 2016. Unsurprisingly, the team has repeated that success at OVS and has an attractive vision to become the newest premier company in the aftermarket.”
