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Bestop Acquires MGP Caliper Covers

Bestop Acquires MGP Caliper Covers

May 3, 2021

New York, NY – Bestop, Inc. (“Bestop”), a portfolio company of Kinderhook Industries, LLC (“Kinderhook”), announced the acquisition of Marshall Genuine Products, LLC (“MGP,” “MGP Caliper Covers” or the “Company”), a manufacturer of high-performance, easy to install brake caliper covers for automotive enthusiasts. MGP represents Bestop’s seventh add-on acquisition and Kinderhook’s 108th automotive related transaction.

“We are excited to add MGP to our growing portfolio of premium brands. As a product innovator, Mike has created the category, educated the market and owned the category since day one. Through Mike’s technological expertise, MGP has been able to secure licenses with top automotive brands including Ford, MOPAR, GM, Honda and Acura. Bestop will continue to focus on developing these relationships and creating new partnerships across the automotive industry.” said John Larson, Chief Executive Officer of Bestop.

“Bestop continues to execute on its acquisition thesis, acquiring top tier brands with strong customer relationships. MGP is known for its high-quality products and easy installation process. We will continue to focus on these principles for MGP and across the Bestop portfolio.” said Tom Tuttle, Managing Director of Kinderhook.

“We are thrilled to join the Bestop team and begin the next stage of our Company’s growth. We are excited to focus on our web presence, driving traffic through a new website as well as our growing social media accounts. We are eager to partner with Bestop in this realm as they have demonstrated success with their online platform. Learning best practices from their team will help drive additional direct to consumer sales and outsized growth for MGP.” said Mike Barland, founder of MGP.

Monroe Moxness Berg served as legal counsel to Bestop.  Financing for the transaction was provided by Antares Capital.

For additional information about this transaction, please contact: 
Thomas Tuttle
Managing Director
(212) 201-6781
[email protected]
 
Paul Cifelli
Managing Director
(212) 201-6797
[email protected]
 
Nate Druckenmiller
Vice President
(212) 201-6791
[email protected]


About Kinderhook Industries

Founded in 2003, Kinderhook Industries, LLC is a private investment firm that manages over $5.4 billion of committed capital. We have made in excess of 375 investments and follow-on acquisitions since inception. Kinderhook’s investment philosophy is predicated on matching unique, growth-oriented investment opportunities with exceptional financial expertise and our proprietary network of operating partners. Our focus is on middle market businesses with defensible niche market positioning in the healthcare services, environmental / business services, and automotive / light manufacturing sectors. We have a track record of successfully and consistently building industry leaders.

For more information, please visit https://www.kinderhook.com


About Bestop

Bestop is the one of the world's largest manufacturers of soft tops and fabric accessories for Jeep vehicles and sole supplier of factory soft tops on all Jeep Wranglers since 1986. Winner of numerous design and innovation awards from Chrysler/Jeep, Bestop offers the finest replacement soft tops for Jeep, plus a host of related fabric accessories and enthusiast-oriented products for both on and off-road use. The company's products have an outstanding reputation in the marketplace for their superior design, innovative solutions and high quality that have inspired a loyal following among both Jeep enthusiasts and casual drivers.

For more information, please visit http://www.bestop.com


About MGP

Located in Chula Vista, CA, MGP Caliper Covers is the leading manufacturing of high-performance, easy to install brake caliper covers for automotive enthusiasts. As the product category leader with a 10+ year history, MGP has secured licenses with top brands in the industry including Ford, MOPAR, GM, Honda and Acura.

For more information, please visit https://www.calipercovers.com/

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