Monomoy Capital Partners, a private investment firm focused on operational value creation, has signed a definitive agreement to acquire Thetford Corp. from the Dyson-Kissner-Moran (DKM) Corp. The transaction remains subject to customary closing conditions and regulatory approval, and no purchase price was revealed.
DKM is a private investment company that has owned Thetford for more than three decades and will retain a meaningful equity interest in the company.
Founded in 1963, Thetford is a global supplier of sanitation, refrigeration and cooking solutions for the RV and marine industries. Thetford operates in all major global markets and maintains facilities and offices in 10 countries worldwide. The company has built a market leading position in each of its product offerings across all geographies. Its products are sold to OEMs for use on new RVs, as well as into the aftermarket through multiple channels, including distributors, dealers, retailers and e-commerce. The company’s global headquarters are in Etten-Leur, Netherlands, and its U.S headquarters are in Ann Arbor, Mich. Stéphane Cordeille will continue to lead as the global CEO from the company’s executive leadership office in Etten-Leur.
“I look forward to partnering with the Monomoy team as Thetford enters the next phase in its evolution. We are confident that their operational playbook, deep knowledge of our industry and end-markets and eagerness to further ingrain Thetford as the go-to supplier across the RV OEM and aftermarket channels will drive continued success going forward,” said Cordeille. “Under Monomoy’s ownership, we will continue to focus on product quality, innovation and excellent service.”
Added Monomoy co-CEO Justin Hillenbrand, “We are excited to partner with Stéphane Cordeille and the rest of the Thetford management team. Thetford’s management team has built a global brand within the RV market that has a long-standing, enthusiastic customer base. It has developed strong customer relationships driven by its focus on product quality and customer service. We look forward to growing the business organically as well as through M&A and believe Thetford is uniquely positioned to benefit from strong RV demand and an increasing RV installed base that will provide the opportunity to grow its aftermarket business for years to come.”
