About Truck Hero
Truck Hero is a company based in Ann Arbor (United States) founded in 2007 was acquired by L Catterton in December 2020.. Truck Hero has completed 7 acquisitions, including A.R.E. Accessories, Advantage Truck Accessories and BACKRACK. Truck Hero offers products and services including Truck Bed Covers, Steps, Floor Mats and Liners, and Racks and Carriers. Truck Hero operates in a competitive market with competitors including ZF, Cummins, Cooper Standard, Schaeffler and Valeo, among others.
- Headquarter Ann Arbor, United States
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
CPP Investments
& 4 more
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Employee Count
Employee Count
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Investments & Acquisitions
A.R.E. Accessories
& 6 more
- Acquired by
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Products & Services of Truck Hero
Truck Hero offers a comprehensive portfolio of products and services, including Truck Bed Covers, Steps, Floor Mats and Liners, and Racks and Carriers. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Covers for securing and protecting truck beds from elements.
Steps for improved access to truck cabins and beds.
Mats to shield truck floors from dirt and wear.
Racks for mounting gear on trucks for outdoor use.
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Software Development Team
46 people
Leadership Team
19 people
Human Resources and Administration
17 people
Finance and Accounting
14 people
Sales and Marketing
9 people
Operations Team
6 people
Senior Team
5 people
Creative and Marketing Team
4 people
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Funding Insights of Truck Hero
- Total Funding Total Funding
- Total Rounds 3
- Last Round Last Round
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2017 | Amount | Private Equity Round - Truck Hero | Valuation | CPP Investments |
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| May, 2017 | Amount | Debt – Conventional - Truck Hero | Valuation |
investors |
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| Mar, 2014 | Amount | Series A - Truck Hero | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Truck Hero
Truck Hero has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include CPP Investments, Saratoga Investment and L Catterton. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Private equity investment firm investing in the US
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Founded Year | Domain | Location | |
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L Catterton is recognized as a leading consumer-focused private equity group.
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Founded Year | Domain | Location | |
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Kinderhook Industries is engaged in private equity investments.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Truck Hero
Truck Hero has strategically engaged in corporate development activities, having acquired 7 companies. Notable acquisitions include A.R.E. Accessories, Advantage Truck Accessories and BACKRACK. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Automotive racks and accessories are manufactured by BACKRACK in Canada.
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2012 | ||||
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Truck accessories are manufactured and distributed from Ann Arbor.
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2010 | ||||
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Automotive aftermarket accessories are manufactured by Omix.
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1992 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Truck Hero
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Truck Hero Comparisons
Competitors of Truck Hero
Truck Hero operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as ZF, Cummins, Cooper Standard, Schaeffler and Valeo, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Mobility systems are developed for cars, vehicles, and industrial uses.
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| domain | founded_year | HQ Location |
Manufacturer of gas-powered construction equipment
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| domain | founded_year | HQ Location |
Systems and components for the automotive industry are supplied worldwide.
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| domain | founded_year | HQ Location |
Manufacturer of bearings for the automotive industry
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| domain | founded_year | HQ Location |
Automotive products and services are supplied globally to automakers.
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| domain | founded_year | HQ Location |
Automotive cooling systems, pistons, and aftermarket components are manufactured.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Truck Hero
Frequently Asked Questions about Truck Hero
When was Truck Hero founded?
Truck Hero was founded in 2007 and raised its 1st funding round 7 years after it was founded.
Where is Truck Hero located?
Truck Hero is headquartered in Ann Arbor, United States. It is registered at Ann Arbor, Michigan, United States.
Who is the current CEO of Truck Hero?
William Reminder is the current CEO of Truck Hero.
What does Truck Hero do?
Truck Hero, established in 2007, excels in auto, auto components, and multi category. Manufacturer and distributor of pickup trucks accessories. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide. It continues to evolve, meeting industry challenges with strategic approaches.
Who are the top competitors of Truck Hero?
Truck Hero's top competitors include Cummins, Valeo and Cooper Standard.
What products or services does Truck Hero offer?
Truck Hero offers Truck Bed Covers, Steps, Floor Mats and Liners, and Racks and Carriers.
How many acquisitions has Truck Hero made?
Truck Hero has made 7 acquisitions, including A.R.E. Accessories, Advantage Truck Accessories, and BACKRACK.
Who are Truck Hero's investors?
Truck Hero has 5 investors. Key investors include CPP Investments, Saratoga Investment, L Catterton, Kinderhook Industries, and CCMP Capital.