Investment Date: December 12, 2013
KIC is a North American 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. KIC designs and tests its own products and partners with contract manufacturers located throughout the world. KIC is headquartered in Vancouver, Wash., and operates through nine distribution centers located in the United States, Canada, and Mexico.
For more information, please visit KIC's website at www.kic-group.com.
Investment Approach / Accomplishments:
Provide support to existing management team
Create fundamental improvement in operating performance:
- Generate distribution expense cost savings through warehouse consolidation and re-positioning
- Reduce purchasing costs and working capital needs
- Capitalize on identified growth opportunities