Century Park Capital Partners completed the sale of Covercraft Industries to Audax Private Equity.
A purchase price was not disclosed.
Covercraft is a branded manufacturer of custom vehicle protection products including RV covers under its ADCO brand, as well as automotive covers, seat covers, front end masks, dashboard covers, window sunscreens, boat covers, bimini tops and other products that “protect the things that move you.” The company focuses on custom-fitted applications with a library that includes more than 300,000 distinct patterns.
“The Lichtmann family started Covercraft with a focus on creating the best vehicle protection products possible – and did so with a huge emphasis on integrity and quality,” said Matt Jordan, CEO of Covercraft. “Century Park was an outstanding partner and well-aligned to build on that foundation. By tapping into the skills and dedication of the people on the Covercraft team, and particularly the hard-working women and men that support Covercraft’s ADCO brand, we have added to the legacy of a company that stands for protecting the things that move our customers. I’m terrifically proud of what we’ve accomplished and look forward to taking the next steps on our future path with our new partners at Audax.”
“Our customers and distributors can expect to see continued focus on the RV Industry,” said Liz White, national sales manager for Covercraft’s ADCO brand. “The RV market is seeing incredible growth and we believe that the additional resources that Audax brings to the table will help to fortify our positioning as the go-to source for RV Covers and related protection products.”
