BendPak Holdings LLC, a subsidiary of BendPak, Inc, has announced its acquisition of assets including intellectual property rights from Garage Equipment Supply, Inc, and its related intellectual property holding company. The assets include three brands: Dannmar, MaxJax, and Garage Equipment Supply.
President of BendPak Don Henthorn said, “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.”
The specific terms of the transaction have not been 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.”
