Audax Group announced it has acquired CURT Manufacturing, LLC (“CURT”). Headquartered in Eau Claire, Wisconsin, CURT designs, manufactures, and distributes towing solutions and trailer and cargo management accessories for passenger vehicles and trucks. CURT sells its products through installer, distributor, e-commerce, retail, and auto dealer channels.
Geoffrey S. Rehnert, **Co-Chief Executive Officer, Audax Group, said “CURT is a leader in a growing segment of the automotive aftermarket. We look forward to working with Greg Hooks and the CURT team to grow the business organically and with acquisitions.”
Greg Hooks, CEO, CURT, said “We are excited to have Audax as our new partner. Its track record of sourcing and integrating add-on acquisitions will enhance our ability to grow while continuing to build on our brand’s reputation of market-leading value.”
Kirkland & Ellis LLP served as counsel to Audax Group. BB&T Capital Markets advised CURT. BMO Capital Markets and GE Capital Corporation provided senior debt financing and BB&T Capital Partners provided junior debt financing.