Minimizer, a commercial vehicle accessories supplier and unit of Kruckeberg Industries, announced private equity firm Capital Partners is making an investment in Minimizer to expand product lines and support the rapid growth of the company.
The amount was not disclosed.
Capital Partners, based in Greenwich, Conn., has a history of investing in heavy-duty truck part companies.
Minimizer manufactures high-performance polyethylene truck fenders, custom-molded floor mats, seats and mattresses kits, mudflaps, tool boxes, workbenches and other accessories.
“We are very excited about our new relationship with Capital Partners,” Minimizer CEO Christopher Thorpe said in a statement. “Over the last six months, we conducted an exhaustive search for the right investor, one who shared our cultural beliefs and plans for growth over the next five years. Capital Partners is an ideal fit to help take Minimizer to the next level.”
Former Minimizer CEO Craig Kruckeberg will remain invested in the company and participate on the management board, according to the Blooming Prairie, Minn.-based company.