Lund International, a portfolio company of Highlander Partners, L.P., announced it has acquired substantially all of the assets of RoadWorks Manufacturing, Inc.  RoadWorks, headquartered in Lafayette, Indiana, is a leading manufacturer and distributor of aftermarket accessories to the heavy truck market. 

Operations will continue to be conducted from RoadWorks' existing facility in Lafayette, Indiana, and its employees will join the Lund International team.  Susan Linson, RoadWorks' Owner and CEO, commented, "We believe that Lund is a perfect fit for our business and look forward to contributing to its continued success.  Lund's broad reach into the major automotive markets, including its current presence in the heavy truck segment, will help to enhance RoadWorks' position in the marketplace and presents us with access to significant new channels for growth."

Mitch Fogle, President and CEO of Lund International, said, "We believe the addition of RoadWorks is highly strategic and complementary to Lund's existing heavy truck product offerings.  The acquisition will enhance Lund's breadth in the heavy truck category, adding a strong brand alongside Lund's existing Belmor product offering.  We are excited to work with the Roadworks team to continue growing the business."

Jeff L. Hull, Chairman of Lund and President and Managing Partner of Highlander, added, "This acquisition, Lund's eighth since Highlander acquired the Company in 2011, reconfirms our strategy of executing complementary add-on acquisitions that enhance and expand Lund's existing business and product offerings.  We have consistently identified Lund product categories where customers desire a more comprehensive offering of products, and we have focused our acquisitions on broadening those options in the targeted categories.  Consistent with prior acquisitions, we plan to leverage the strength of our brands and distribution capabilities to ensure both RoadWorks and our current heavy truck brand, Belmor, reach an even broader audience and grow our presence in the heavy truck category.  We are continuing to evaluate M&A opportunities and expect to make additional acquisitions going forward."

Regions Business Capital, as Administrative Agent, along with a syndicate of participating lenders, provided senior financing.  Fifth Third Securities, Inc. acted as exclusive financial advisor to RoadWorks Manufacturing, Inc. on its sale to Lund International.