Cargo covering and cargo control systems manufacturer Shur-Co LLC has acquired US Tarp Inc., a manufacturer and distributor of truck and trailer tarping systems and part. Shur-Co is a portfolio company of Behrman Capital while US Tarp is a portfolio company of Brighton Partners. Financial terms of the transaction were not disclosed.
"As part of Shur-Co, US Tarp is well-positioned for continued growth, led by its experienced management team,” Grant G. Behrman, managing partner of Behrman Capital, said. “We are pleased to support Shur-Co's expansion as they continue to build out their product portfolio with highly complementary and innovative partners."
Headquartered in South Haven, Michigan, and with a sales and distribution facility in Salt Lake City, Utah, US Tarp serves specialty OEM customers across the construction and landscaping, agricultural, and recycling and refuse markets, as well as manufactures and distributes aftermarket products for its own and competitor tarping systems.
"US Tarp brings highly complementary product lines, supplementing our own cargo covering offerings, and is a natural growth opportunity for our business,” Chad Heminover, CEO of Shur-Co, said. “With overlapping markets and similar customer bases, this is a great opportunity to continue expanding, backed not only by US Tarp's current offerings, but also the strength of their innovative engineering and development teams."
Founded in 2003, US Tarp has expanded its footprint and offerings over two decades, and boasts a strong engineering and product development team, with a history of new product innovation to meet demonstrated customer need.
"At US Tarp, we are most proud of our customer service culture and history of customer-oriented product development,” US Tarp President and CEO Thomas Bronz said. “We are excited to join forces with Shur-Co as we continue to build out our product lines and bring our service-oriented business to new customers and geographies."