Shur-Co庐, LLC, a leading manufacturer of innovative cargo covering and cargo control systems and related accessories for the transportation industry and a portfolio company of Behrman Capital, announced that it has acquired US Tarp, Inc., a manufacturer and distributor of truck and trailer tarping systems and parts and a portfolio company of Brighton Partners. Financial terms of the transaction were not disclosed.
Headquartered in South Haven, Michigan, and with a sales and distribution facility in Salt Lake City, Utah, US Tarp serves specialty OEM customers across the construction and landscaping, agricultural, and recycling and refuse markets, as well as manufactures and distributes aftermarket products for its own and competitor tarping systems. Founded in 2003, US Tarp has expanded its footprint and offerings over two decades, and boasts a strong engineering and product development team, with a history of new product innovation to meet demonstrated customer need.
Grant G. Behrman, Managing Partner of Behrman Capital, said, 鈥淎s part of Shur-Co庐, US Tarp is well-positioned for continued growth, led by its experienced management team. We are pleased to support Shur-Co鈥檚 expansion as they continue to build out their product portfolio with highly complementary and innovative partners.鈥�
Chad Heminover, CEO of Shur-Co庐, said, 鈥淯S Tarp brings highly complementary product lines, supplementing our own cargo covering offerings, and is a natural growth opportunity for our business. With overlapping markets and similar customer bases, this is a great opportunity to continue expanding, backed not only by US Tarp鈥檚 current offerings, but also the strength of their innovative engineering and development teams.鈥�
Thomas Bronz, President and CEO of US Tarp, said, 鈥淎t US Tarp, we are most proud of our customer service culture and history of customer-oriented product development. We are excited to join forces with Shur-Co庐 as we continue to build out our product lines and bring our service- oriented business to new customers and geographies.鈥�