January 22, 2020

Acquisition of Premier Accelerates Minimizer’s Growth Strategy

Minimizer acquired Premier Manufacturing Company based in Tualatin, Oregon on January 14, 2020. The acquisition of Premier is a strong fit with Minimizer’s “Tested and Tortured” philosophy and accelerates Minimizer’s growth strategy by expanding their product lines, manufacturing capabilities, and geographic reach.

“Premier’s strong brand in the heavy-duty truck industry, commitment to quality, and customer-focused culture resonated with us at Minimizer. We believe that Premier Manufacturing will be a great addition to Minimizer.” said Christopher Thorpe (“CT”), Minimizer CEO and President.

Former owner and CEO, Paul Grycko, will remain invested in the company and serve on the Management Board.

“We are very excited about our new relationship with Minimizer and Capital Partners,” Premier Manufacturing CEO, Paul Grycko, said. “Over the last six months, we conducted an exhaustive search for the right partner, one who shared our cultural beliefs and plans for growth over the next five years. Minimizer, backed by Capital Partners, is an ideal fit to help take Premier to the next level.”

Capital Partners is a private equity firm founded in 1982 with a focus on investing in partnership with family and management-owners. Its principals have invested in more than 100 platform and add-on acquisitions across a variety of industries including a long history of partnering with heavy-duty truck parts companies focused on growth. Capital Partners is currently investing a $600 million committed private equity fund.

Managing Partner Mark Allsteadt said, “Premier is a tremendous fit for Minimizer. We believe it will bring many new opportunities to grow the business and are excited to partner with their team.”

Debt financing was provided by CIBC and KeyBank. Minimizer was represented by Holland & Knight. D.A. Davidson served as the advisor to Premier.

Please contact the following members of the investment team at Capital Partners with investment or add-on opportunities:

Mark Allsteadt, Managing Partner

Mark Langer, Managing Director

John Willert, Managing Director

John Newman, Principal

Morgan Murray, Associate