EAU CLAIRE, Wis. — Curt Group, a portfolio company of Audax Private Equity and a sales, marketing, engineering, and distribution company of towing products and truck accessories, announced today that it has entered into an agreement to acquire United Welding Services (UWS) from Thule.
Headquartered in Perry, Fla., UWS is an American manufacturer of storage solutions and truck accessories for professional tradesmen and truck enthusiasts. The transaction is expected to close in June.
This acquisition complements Curt Group’s brand portfolio and truck accessory product lines, the release noted, adding that UWS is an iconic brand known for manufacturing high-quality American-made products.
As a member of the Curt Group family of brands, UWS offers several United States-based manufacturing capabilities, as well as a full product line of cross-bed truck boxes, chest boxes, transfer tanks, hitch carriers and ladder racks.
“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,” he added.
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 expansive network of warehouses strategically located throughout the United States and Canada will make UWS products more accessible than ever before.
“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 of 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.”
To learn more about UWS, visit www.uwsta.com.
SOURCE: Curt Group press release