Shur-Co, a portfolio company of Behrman Capital, announced Friday it acquired US Tarp, a portfolio company of Brighton Partners. Financial terms were not disclosed.
"As part of Shur-Co, US Tarp is well-positioned for continued growth, led by its experienced management team," says Grant G. Behrman, managing partner of Behrman Capital. "We are pleased to support Shur-Co's expansion as they continue to build out their product portfolio with highly complementary and innovative partners."
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Shur-Co is based in South Dakota. It manufactures cargo covering and control systems and accessories. It has served the agriculture, construction, waste, flatbed and rail industries for more than 70 years.
"At 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 as we continue to build out our product lines and bring our service-oriented business to new customers and geographies," says Thomas Bronz, president and CEO of US Tarp.
US Tarp is headquartered in Michigan and has a sales and distribution facility in Utah. It serves speciality OEM customers in construction, landscaping, agricultural, and recycling and refuse. It also manufactures and distributes aftermarket products for tarping systems.
"US Tarp brings high complementary product lines, supplementing our own cargo covering offerings, and is a natural growth opportunity for our business," says Chad Heminover, CEO of Shur-Co. "With overlapping markets and similar customer bases, this is a great opportunity to continue expanding, backed not only by US Tarp's current offerings, but also the strength of their innovative engineering and development teams."
