LCI Industries announced last week that its wholly-owned subsidiary, Lippert Components, a supplier of a broad array of highly engineered components for the leading OEMs in the recreation and transportation product markets, and the related aftermarkets of those industries, has completed the previously announced acquisition of Curt Group for approximately $340 million.
Curt Group, headquartered in Eau Claire, Wis., is a leading manufacturer and distributor of branded towing products and truck accessories for the aftermarket. Curt Group maintains a robust product portfolio comprised of thousands of SKUs across various product lines, including hitches, towing electricals, ball mounts, and cargo management. Curt brands include Curt, Aries, Luverne, Retrac, and UWS.
LCI says it funded the purchase price through a combination of available cash, borrowings under its revolving credit facility, and an incremental term loan of $300 million under its amended credit agreement.
