Press Release

Kirkland Advises L Catterton-led Consortium on Acquisition of Truck Hero

Kirkland & Ellis represents L Catterton, which along with CCMP Capital announced today the entry into a definitive agreement under which a consortium led by L Catterton and its affiliates will acquire a controlling interest in Truck Hero®, Inc., the leading provider of functional aftermarket accessories for pickup trucks and Jeep® vehicles. The consortium includes a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA), as well as Mubadala Investment Company and StepStone Group Inc. (Nasdaq: STEP). CCMP, among other shareholders, and Truck Hero’s founding Chief Executive Officer, Bill Reminder, will remain meaningful investors in the company. Terms of the transaction were not disclosed.

Founded in 2007, Truck Hero is the industry-leading innovator, manufacturer, and marketer of branded functional truck and Jeep accessories that enhance the experience for consumers’ daily activities and enthusiast lifestyles. The transaction is expected to close in the first quarter of 2021, subject to customary closing conditions. 

Read L Catterton’s press release

The Kirkland team was led by transactional partners Joshua Kogan, Christian Atwood, Elizabeth Freechack and Ryan Brissette and associates Jimin He, Shneur Wolvovsky, Ellie Song, Lena Yoon, Matthew Benedetto and Thomas Matteson, along with debt finance partners Jason Kanner and Kathryn Leonard and associates Leah Charlesworth and Ashley Martin, capital markets partner Joshua Korff, tax partners Vincent Thorn and Vivek Ratnam and associate Mohammed Jaljule, technology & IP transactions partners Seth Traxler and Shellie Freedman and associate Robyn Schwartz, executive compensation partner Scott Price and associates Regina Couto and Lauren Cates, employee benefits partner Alexandra Mihalas and associate Theodore Brown, labor and employment partners R.D. Kohut and Sydney Jones and associate Nick Ustaski, international trade partner Meghan Dolan, antitrust & competition partners Carla Hine and Mike Robert-Smith, as well as mergers and acquisitions clearance assistant Adrianna Ryba, real estate partner Roberto Miceli and associate Daniel Egel-Weiss and environmental partner Carleigh Rodriguez and associate Tyler Burgess.