Dorman Products, Inc. Completes Acquisition of SuperATV, a Leading Supplier to the Powersports Aftermarket
10/04/2022 - 04:05 PM
COLMAR, Pa., Oct. 04, 2022 (GLOBE NEWSWIRE) -- Dorman Products, Inc. (the “Company” or “Dorman”) (NASDAQ:DORM), a leading supplier in the motor vehicle aftermarket industry, today announced that it completed the acquisition of Super ATV, LLC (“SuperATV”) for $490 million in cash at closing, plus an earn-out of up to $100 million in the aggregate payable over two years subject to certain performance targets being achieved in 2023 and 2024. The closing payment is subject to customary purchase price adjustments. The transaction was financed with a five-year $500 million incremental term loan facility obtained in connection with an amendment to the Company’s existing credit agreement.
An investor presentation that was previously issued in connection with the announcement of the acquisition containing additional information regarding the transaction remains accessible on Dorman’s website at DormanProducts.com under "Investor Relations."
About Dorman Products
Dorman gives repair professionals and vehicle owners greater freedom to fix cars and trucks. For over 100 years, we have been driving new solutions for the motor vehicle aftermarket, releasing tens of thousands of replacement products engineered to save time and money, and increase convenience and reliability.
Founded and headquartered in the United States, we are a pioneering global organization offering an always-evolving catalog of parts, covering light-, medium- and heavy-duty vehicles, from chassis to body, from underhood to undercar, and from hardware to complex electronics. See our full offering and learn more at DormanProducts.com.
About SuperATV
Founded in 2004, SuperATV employs highly skilled and industry expert men and women in all facets of design, manufacturing, sales and distribution. SuperATV’s leading family of proprietary brands includes Assassinator Tires, Assault Industries, Black Ops, EZ STEER, Gear Driven Performance, Intimidator Tires, Keller Performance Products, RackBoss, REV1, Rhino, SandCat, Terminator Tires, Warrior Tires, X300, and XR Optic. SuperATV is recognized in the powersports aftermarket for its high-quality suspension, steering, portal gear lifts, lighting, storage, vehicle protection, drivetrain, maintenance, accessories, and other product lines.
Investor Relations Contact
Michael P. Dickerson
DORM Rankings
#2943 Ranked by Stock Gains
DORM Stock Data
Industry
Motor Vehicle Gasoline Engine and Engine Parts Manufacturing
Sector
Manufacturing
Tags
Consumer Durables, Automotive Aftermarket, Manufacturing, Motor Vehicle Gasoline Engine and Engine Parts Manufacturing
About DORM
dorman is a leading supplier of original equipment dealer “exclusive” automotive and heavy duty replacement parts, automotive hardware and brake parts, and fasteners to the automotive and heavy vehicle aftermarkets; and a supplier of household hardware and organizational products to mass merchandisers. dorman designs, packages and markets over 150,000 different products manufactured to its specifications. dorman's products are sold primarily in the united states through automotive and heavy vehicle aftermarket retailers, national, regional and local warehouse distributors, and specialty markets and salvage yards. dorman continues to increase its international distribution of automotive replacement parts, with sales into canada, europe, the middle east, and the far east. dorman's products are sold under one of several sub-brands (dorman® autograde™, dorman® conduct-tite®, dorman® firststop™, dorman® hd solutions™, dorman® help!®, dorman® oe solutions™, dorman® hd solutions™, and dorman®
