M&A
confidence high
sentiment positive
materiality 0.75
Dorman Products to acquire SuperATV for $490M cash plus up to $100M earn-out
Dorman Products, Inc.
- Transaction valued at $490M at closing, adjusted to ~$445M after tax benefits; earn-out up to $100M based on 2023-2024 targets.
- SuperATV generated $211M net sales in 2021; acquisition expected to close in H2 2022 after HSR clearance.
- Deal financed via $500M incremental term loan; net leverage expected below 2.3x; immediately accretive to margins and adjusted EPS.
- Acquisition adds leading powersports aftermarket supplier with direct-to-consumer platform and 3,500+ dealer network.
- Dorman plans to leverage its 'New to the Aftermarket' engine to accelerate SuperATV growth; combined company to operate independently until close.