BendPak Holdings LLC, a wholly owned subsidiary of BendPak, Inc., acquired certain assets, including related intellectual property rights, from Garage Equipment Supply, Inc. and its related intellectual property holding company. The acquired assets include Dannmar, MaxJax, and Garage Equipment Supply.
The acquisition further extends BendPak’s fast-growing portfolio of brands and strengthens its product offering for car dealerships, fleet operators, repair shop owners, and car enthusiasts worldwide, according to the company.
Don Henthorn, president of BendPak, stated, “Through this acquisition, we welcome Dannmar, MaxJax, and Garage Equipment Supply to the BendPak group. This deal further establishes our customer-centric strategy of growing our product offering of high-quality premium brands for the vehicle repair marketplace. For our customers and coworkers, this new acquisition creates significant opportunity.”
Terms of the transaction were not disclosed.
“BendPak and Dannmar’s portfolios of products are well-aligned and dovetail nicely in BendPak’s overall product offerings,” said Jeff Kritzer, executive vice president of BendPak. “We are very pleased with the prospects of this acquisition and are confident that this transaction will deliver immediate and substantial value to our customers and resellers.”