GERMANTOWN, Wis.--(BUSINESS WIRE)--MOTIS Brands, a portfolio company of Prospect Hill Growth Partners, has acquired Cargo Equipment Corporation, a manufacturer of heavy-duty tie downs and cargo equipment since 1962.
Based in Huntley, IL, Cargo Equipment provides custom, made-to-order tie down solutions to serve a broad range of industries and end-markets. Known for their premium quality and custom capabilities, Cargo Equipment is an ideal fit for MOTIS Brands’ growing assortment of cargo control products.
“Our strength at MOTIS lies in our ability to efficiently serve a broad range of end markets with a curated assortment of ramp and access products,” said Rich Spratt, CEO at MOTIS Brands. “With the addition of Cargo Equipment, our assortment and family of brands is even stronger, and we are excited to partner with the Cargo Equipment team to continue our growth together.”
The addition of Cargo Equipment enhances an already unmatched product assortment and expertise in the loading, hauling, mobility, access, and productivity market segments. MOTIS’ shared services team will extend Cargo Equipment’s reach by enhancing its eCommerce capabilities while also investing in operations and expansion opportunities. “We’ve known the MOTIS team for many years,” said Jeff Iden, President at Cargo Equipment, “and we’re excited to know that this partnership can take Cargo Equipment to the next level.”
About MOTIS Brands
MOTIS Brands – Innovation Elevated. We believe life is best lived with full access to the people, projects and passions that move you. For loading, hauling, automotive and accessibility, our family of brands delivers innovation and value at every level. Headquartered in Germantown, WI, MOTIS Brands proudly manufactures and distributes a collection of industry leading brands including Discount Ramps, Race Ramps®, Silver Spring Mobility®, Heavy Duty Ramps®, Black Widow®, Guardian Industrial Products®, Harbor-Mate®, Pier d’ Nort®, Elasco Products®, and MAC’s Tie Downs®. For more, visit www.MOTISbrands.com.
About Prospect Hill
Prospect Hill Growth Partners is a Boston-area private equity firm that makes control equity investments in North American consumer and healthcare growth companies. The partners at Prospect Hill have collectively invested approximately $3 billion of capital in more than 35 portfolio companies over two decades. The partners’ successful investment track record has been built on their sector-focused investment strategy and expertise, a robust operational value-add model, and strong alignment of interests.
