South Haven, MI – US Tarp, Inc. (“US Tarp”, “UST” or the “Company”), a portfolio company of Brighton Partners, has been acquired by Shur-Co, LLC, a portfolio company of Behrman Capital. Hennepin Partners acted as US Tarp’s exclusive financial advisor and King & Spalding served as legal counsel. Terms of the transaction were not disclosed.
US Tarp is a leading manufacturer and distributor of load containment and cargo protection truck and trailer tarping systems and related aftermarket parts that address its own and competitors’ tarping systems. The Company’s products are used on commercial light-duty trailers, medium-duty trucks, heavy-duty tractor-trailers, dump trucks, and roll-off container handling equipment. US Tarp sells through a balanced channel mix of specialty OEM customers and distributors serving the construction and landscaping, agricultural, municipal, and recycling and refuse markets.
Founded in 2003, US Tarp has become a leading brand in its sector. The company expanded its footprint and offerings over two decades, boasts a strong engineering and product development team with a history of new product innovation and approaches the market through a differentiated sales and customer support model. The Company is headquartered in South Haven, Michigan, with a sales and distribution facility in Salt Lake City, Utah.
Grant G. Behrman, Managing Partner of Behrman Capital, said, “As part of Shur-Co, US Tarp is well-positioned for continued growth, led by its experienced management team. We are pleased to support Shur-Co’s expansion as they continue to build out their product portfolio with highly complementary and innovative partners.”
Chad Heminover, CEO of Shur-Co, said, “US Tarp brings highly complementary product lines, supplementing our own cargo covering offerings, and is a natural growth opportunity for our business. 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”.
Thomas Bronz, President and CEO of US Tarp, said, “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”.
“US Tarp was a great investment for Brighton Partners and a fantastic story. We are very proud of Tom Bronz and his team and the long list of sales, product development, and operations improvements they accomplished over the past five years as they transformed the business into a market leader,” said Dan Broos, Managing Partner of Brighton Partners. “Hennepin Partners ran a very effective process; they were hands-on and with us every step of the way. Jeff Peterka and his team exceeded our expectations, and we are thrilled with the outcome. We wish the US Tarp and Shur-Co team best of luck as they enter this next chapter.”