Discount Ramps Acquires Longstanding Partner Heavy Duty Ramps.
M2 EQUITYBITES-May 10, 2016-Discount Ramps Acquires Longstanding Partner Heavy Duty Ramps
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10 May 2016 - Kewaskum, Wisconsin-based hauling and transportation products retailer DiscountRamps.com has acquired US-based aluminium ramps maker Heavy Duty Ramps LLC, the company said.
The financial terms of the transaction were not disclosed.
Discount Ramps and Heavy Duty Ramps have had a longstanding strategic partnership, and the acquisition places the two companies under common ownership. Heavy Duty Ramps will operate as a standalone subsidiary of Discount Ramps.
Richard Beilstein, Heavy Duty Ramps founder, will remain with the company as an executive vice president and will be actively involved in working with customers and designing ramp systems.
Rotunda Capital Partners acquired a majority stake in Discount Ramps in December 2013.
Discount Ramps is an online retailer of loading, hauling and transportation products. Offering more than 11,000 products, the company primarily services the powersports, mobility, recreational, commercial, transportation, military and industrial markets.
Heavy Duty Ramps has been in the ramp manufacturing business for 36 years. It specialises in the creation and manufacturing of aluminum loading systems for numerous industries, including the military.
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|Publication:||M2 EquityBites (EQB)|
|Date:||May 10, 2016|
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