Lund International, a portfolio company of Highlander Partners, has acquired a Pompano Beach, Fla.-based Roll-N-Lock Corporation.
Roll-N-Lock is a manufacturer of retractable tonneau covers and other cargo management products for light trucks.
Operations will continue to be conducted from Roll-N-Lock’s existing facility in Pompano Beach, Florida, and its employees will join the Lund International team and will be led by Brandon Bernardo, co-owner and president of Roll-N-Lock.
“We are excited to join the Lund team and look forward to contributing to its continued success,” Bernardo said. “Lund’s broad reach into the major automotive markets, along with its current tonneau and truck accessories offering, will only enhance the operations of Roll-N-Lock and present us with access to significant new outlets for growth.”
“We believe the addition of Roll-N-Lock is highly strategic and complementary to Lund’s existing tonneau product offerings,” said Mitch Fogle, president and CEO of Lund International. “The acquisition will enhance Lund’s breadth in the tonneau category, rounding out Lund’s offering with retractable tonneau covers. We are excited to work with co-owners Brandon and Greg Bernardo and their team to continue to grow the business.”
The acquisition is Lund’s seventh since Highlander acquired the company in 2011, and its second in the tonneau category in less than a year, according to Jeff Hull, Lund chairman and managing partner of Highlander.
“(The acquisition) reconfirms our strategy of executing strategic add-on acquisitions that enhance and expand Lund’s existing business and product offerings,” he said. “… We are continuing to evaluate M&A opportunities and expect to make additional acquisitions going forward.”