Investcorp acquires S&S Truck Parts

Manama. Mar. 27 (BNA): Alternative investment firm Investcorp today announced its acquisition of S&S Truck Parts (S&S), an independent distributor of mission-critical replacement parts for heavy-duty logistics vehicles and trucks. Founded in Chicago in 1952, S&S has a long history of providing engineered replacement truck parts. Today, S&S serves over 1,600 customers including Original Equipment Manufacturers (OEMs), commercial truck dealers, independent warehouse distributors and service shops primarily across North America. The partnership will focus on continuing S&S’s organic growth through further expanding its unique private label offering, accelerating new product development, geographic expansion across North America and seeking to complete strategic add-on acquisitions, Investcorp said. The senior management team of S&S will retain a significant ownership stake in the business as part of the transaction.