Announced
Completed
Financials
Tags
Private
household appliances
household goods
Majority
Private Equity
Acquisition
Single Bidder
United States
Household Equipment and Products
Domestic
Completed
Friendly
consumer goods manufacture
Synopsis
THOR Industries, an American manufacturer of recreational vehicles, completed the acquisition of Airxcel RV Group from L Catterton-backed Airxcel, a holding company of quality brands, for $750m. "We are excited to welcome Airxcel to the THOR Industries family. Airxcel has been a long-time business partner to THOR and the RV industry, supplying some of the highest-quality products over decades to the RV industry. There were a number of factors that made this acquisition a compelling and timely fit for THOR, including the strength of their management team and dedicated workforce, the quality of their products and reputation for innovation, the long-standing relationships with both OEM and aftermarket customers and, in the face of so many supply chain challenges over the past year, the ability to invest in the growth of a key supplier for THOR and the RV industry both in North America and Europe," Bob Martin, THOR Industries President and CEO.
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