Lippert Components has completed the previously announced acquisition of CURT Group for about $340 million.
CURT, headquartered in Eau Claire, Wis., is a leading manufacturer and distributor of branded towing products and truck accessories for the aftermarket.
CURT maintains a 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 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.
