KIC LLC

Home/KIC LLC

Project Description

KIC LLC

IOP Fund II

Acquisition Date: December 2013
Status: Exited
Headquarters: Vancouver, WA
Exit Date: May 2017
Acquirer: Accuride Corporation
Add-on Acquisitions:

No

DESCRIPTION

Supplier of wheel-end components for medium and heavy-duty trucks and trailers. KIC supplies brake drums, rotors, hub & drum assemblies, steel wheels and aluminum wheels to both original equipment manufacturers and aftermarket distributors.

OPERATING THESIS

Provided support to existing management team

Created fundamental improvement in operating performance:

  • Generated distribution expense cost savings through warehouse consolidation and re-positioning
  • Reduced purchasing costs and working capital needs
  • Capitalized on identified growth opportunities