M&A
confidence high
sentiment neutral
materiality 0.75
Dorman Products completes acquisition of SuperATV for $490M cash plus up to $100M earn-out
Dorman Products, Inc.
- Acquired 100% of SuperATV equity for $490M at closing, subject to customary adjustments, plus potential earn-out up to $100M based on 2023-2024 performance.
- Financed with a $500M five-year incremental term loan facility under amended credit agreement with Bank of America.
- Changed fiscal year end from the last Saturday in December to December 31, effective for fiscal 2022.
- SuperATV is a leading supplier to the powersports aftermarket, expanding Dorman's product portfolio.