“We believe its investment philosophy aligns extremely well with Truck-Lite’s long-term strategy and will allow us to accelerate our growth plans, continue to invest in new products and markets, and improve our value proposition to our customers and partners.” “We are very excited to partner with Genstar,” said Mr. The company, led by CEO Brian Kupchella, is constructing a new global headquarters in the Detroit suburb of Southfield, Michigan, and has eleven additional facilities in New York Pennsylvania (4) Michigan (Davco) Florida (Lumitec) Arizona (Rigid Industries) United Kingdom Mexico and China. Truck-Lite has an annual EBITDA of more than $100 million according to industry sources.
The company also designs and manufactures the Road Ready telematics systems for heavy- and light-duty trailers and off-road industrial usage fuel filtration and water separation systems (through its Davco subsidiary) and rugged LED lighting for the off-road and marine industries (through its Lumitec and Rigid Industries subsidiaries). Truck-Lite is a producer of forward and safety lighting, wiring harnesses, turn signal switches and safety accessories for the medium- and heavy-duty truck, trailer and commercial vehicle industries. acquired a 49% equity interest in Truck-Lite in 2010 before exiting its investment through a sale to BDT and Koch Equity in 2015. Truck-Lite was founded in 1955 and was acquired in 1997 by Penske with backing from General Electric.
Penske Corporation is remaining as a minority investor in the company in partnership with Genstar. Genstar Capital has acquired a majority equity interest in Truck-Lite, a provider of safety lighting, filtration systems and telematics services for commercial vehicles, from BDT Capital Partners and Koch Equity Development.
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