Bestop Inc, which is backed by Kinderhook Industries LLC, has acquired PRP Seats, a maker of custom seats, harnesses, storage bags and accessories for off-road vehicles (e.g., UTV, Jeep, Buggies, etc.). PRP Seats represents the fourth add-on acquisition for Bestop and Kinderhook’s 50th automotive related transaction. Monroe Moxness Berg provided legal counsel to Bestop on the deal.
Based in Louisville, CO, Bestop is the world’s largest manufacturer of soft tops and fabric accessories for Jeep vehicles and the sole supplier of factory soft tops on all Jeep Wranglers since 1986.
Headquartered in Temecula, CA, PRP Seats has been a premier brand name in the off-road market for over 20 years. PRP Seats is best known as the seat-of-choice for UTV’s such as the Polaris RZR and Can-Am Maverick X3. The company also manufactures seats and accessory products for Jeeps, trucks and other off-road vehicles.
The acquisition follows Bestop acquiring two other premium manufacturing brands in 2016: Baja Designs, widely recognized as “The Scientists of Lighting” for their ground-breaking LED light technologies that are “brighter, bolder, better”; and Tuffy Security Products, the leading manufacturer of heavy duty in-vehicle security boxes, cases and containers.
Kinderhook Industries, LLC is a private investment firm that manages over $2 billion of committed capital. They have made in excess of 150 investments and follow-on acquisitions since inception. Kinderhook’s investment philosophy is predicated on matching unique, growth-oriented investment opportunities with exceptional financial expertise and the firm’s proprietary network of operating partners.