Polaris Industries Inc. (NYSE: PII) has agreed to purchase Transamerican Auto Parts Co., a maker of off-road four-wheel-drive accessories, for approximately $665 million. Polaris believes the target’s complementary products create significant synergy opportunities that will extend the buyer’s reach into aftermaket accesories.
Transamerican is a manufacturer and distributor of seven off-road, accessory brands for jeeps and light trucks. The Compton, California-based auto-part maker sells its products through 68 retail stores and a distribution network using mail-order and e-commerce. Transamerican’s seven brands consist of: Pro Comp, a suspension equipment and wheel supplier; Smittybilt, a maker of body armor and car bumpers; Rubicon Express, a suspension kit and shocks manufacturer; G2 Axle & Gear, an axle kit and drivetrain maker; Poison Spyder, a steering component supplier; rim manufacturer LRG; and Trail Master, a maker of suspension and shock kits. The target generated $740 million in sales for the previous 12 months ended in September 2016.