12° North Industries
Joined: Thu Nov 23rd, 2017
Interests: The great outdoors, nature, back to basics
Reputation Points: 670
After reading the shootout and looking in my wallet, I'd buy one. Decent product at a decent price plus it's a startup meaning they have a lot to prove.
Should I put one to the side or under the counter? And just for you btw, We'll gift wrap it too.. I think we still have some "Belated Self-Christmas" paper to compliment it along with a receipt stating whatever you tell your wife you paid. LOL
And T-Square, thank you Sir, We're really about trying to get the right products and information to people about making informed decisions. I don't like running a whack-a-mole business, we're after business relationships for growth factors not to be a fly by night operation so we try to be detailed. That article is even in our product description for the ENGO product line.
We carry Warn too but as I said, not everyone is willing to spend the money on one.
Smittybuilt is Owned and operated by 4Wheel parts as Trans America Parts [T.A.P.] which was just acquired 2 years ago by Polaris Industries.
Polaris acquires 4 Wheel Parts parent Transamerican Auto Parts
Polaris Industries Inc. (NYSE: PII) (“Polaris” or the “Company”) announced today that it has entered into an agreement to acquire Transamerican Auto Parts Company (“TAP”), a privately held, vertically integrated manufacturer, distributor, retailer and installer of off-road Jeep and truck accessories, for an aggregate consideration of $665 million, subject to customary closing adjustments. After adjusting for the $115 million estimated net present value of future tax benefits, the purchase price implies a multiple of approximately 9.0 times TAP’s EBITDA for the 12 months ended September 30, 2016. Rigid Lighting did something similar also 2 years ago selling out to a high bidder company. Same company that makes all the rubber set trailer lights for personal and commercial trailers bought out Rigid Lighting.
TAP is a leader in the highly fragmented and growing $10+ billion Jeep and truck accessory market. TAP sells and installs an extensive line of accessories for Jeep and truck enthusiasts, including products manufactured under its seven proprietary, industry-leading aftermarket brands: PRO COMP, RUBICON EXPRESS, SMITTYBILT, POISON SPYDER, G2, LRG and TRAIL MASTER. TAP is the largest retailer and installer in the North American market, selling through its own retail and on-line network while also supporting numerous independent accessory retailers/installers. For the last 12 months ended September 30, 2016, TAP generated approximately $740 million in sales, and from 2012 through 2015, achieved compound annual sales growth of 15 percent and compound annual EBITDA growth of 17 percent.
James / Elena / Brendon / Sean
12° North Industries
Las Vegas, Nevada 89118