A team of Goodwin Procter attorneys advised TA Associates Management on its recent majority investment in Tectum Holdings, Inc. (THI), formerly controlled by Kinderhook Capital Fund II. Terms of the investment were not disclosed.
Founded in 2007, and based in Ann Arbor, Michigan, THI is a leading manufacturer of soft and hard bed covers, also known as tonneau covers, for light duty pickup trucks. THI also develops cushioned and carpeted protective liners for truck beds.
Founded in 1968, TA is one of the largest and most experienced global middle-market growth private equity firms. The firm has invested in more than 440 companies around the world and has raised $18 billion in capital. With offices in Boston, Menlo Park, London, Mumbai and Hong Kong, TA leads buyouts and minority recapitalizations of profitable growth equity companies in the technology, financial services, business services, healthcare and consumer industries.
The Goodwin team advising TA on this transaction was led by partner Jon Herzog, Cammy Contizano and Alese Bagdol (Corporate), Bill Whitledge and Dan Karelitz (Tax) and Laura Rupenian (Debt) with assistance from experts in products liability, IP, antitrust, environmental, insurance, employment, and representations and warranties insurance.
For more information, please see TA’s full press release.