All-terrain vehicle maker Polaris Industries Inc. said today it would buy off-road SUV accessories maker Transamerican Auto Parts Co. for about $665 million.
TAP is a leader in the fast-growing $10 billion SUV accessories market and is known for aftermarket brands such as Pro Comp, Rubicon Express and Poison Spyder.
The deal will create a leading company in the four-wheel drive off-road market and extend Polaris' presence in aftermarket accessories and attract new consumers to its existing brands, including Polaris Ranger and Sportsman ATVs.
Compton, Calif.-based TAP had sales of $740 million in the 12 months ended Sept. 30.
Privately owned TAP sells and distributes its products through multiple channels, including 75 4Wheel Parts stores and two online platforms.