Bestop Inc. has reached a deal to acquire Bull Accessories of Boerne, TX, a designer, manufacturer and distributor of patented BullRing-branded tie-down anchors and ratchet straps for light-duty pickup trucks.
Louisville, CO-based Bestop is a manufacturer of soft tops and fabric accessories for Jeeps and UTV vehicles; the sole supplier of factory soft tops on all Jeep Wranglers since 1986; and a supplier of tonneaus, lock boxes, lighting and fabric caps to the pickup truck market.
“BullRing is an incredible niche accessory business that will fit perfectly into Bestop’s premium accessories portfolio,” said Bestop CEO John Larson. “The product and the company carry an impeccable reputation, and we’re thrilled to have the opportunity to help build the brand.”
Bestop is a portfolio company of Kinderhook Industries, a private investment firm that manages over $2 billion of committed capital. BullRing represents the fifth add-on acquisition for Bestop and Kinderhook’s 68th automotive-related transaction. Among Bestop’s other acquisitions are Baja Designs in 2016, Tuffy Security Products in 2016 and PRP Seats in 2018.
Financial terms of the Bull Accessories deal were not disclosed.
Upon acquisition, BullRing’s operations will be overseen by PRP Seat’s CEO, Aaron Wedeking. PRP Seats is the manufacturer of SpeedStrap weavable recovery straps, plus premium tie-downs and accessories for Jeeps, trucks and UTVs.