Simpson Thacher is representing Dorman Products, Inc. (NASDAQ: DORM) in its acquisition of Super ATV, LLC (“SuperATV”), for total consideration of $490 million in cash, plus a two-year earn-out of up to $100 million in the aggregate based on achievement of 2023 and 2024 performance targets. The transaction is subject to customary closing conditions, including clearance under the Hart-Scott-Rodino Antitrust Improvements Act, and is expected to close in the second half of 2022.
Dorman is a global organization offering a catalog of parts covering light-, medium- and heavy-duty vehicles, from chassis to body, from underhood to undercar, and from hardware to complex electronics. SuperATV is an independent supplier to the powersports aftermarket with a family of brands spanning functional accessories and upgrades, as well as replacement parts for specialty vehicles.
The Simpson Thacher team includes Jakob Rendtorff, Izaak Lustgarten and Tiye Traore (M&A); Michael Vernace and Andrea Valdes (Credit); Andrew Blau, Scott Schilson and Guanxiong Xu (Executive Compensation and Employee Benefits); Benjamin Rippeon and Edward Grais (Tax); Tim Mulvihill and Noreen Lavan (Environmental); Lori Lesser, Rachelle Broida and Mark Natividad (IP); Peter Guryan and Rick Jamgochian (Antitrust); Krista McManus (Real Estate); and Steve DeLott (Insurance).