KIC LLC
IOP Fund II
Acquisition Date: | December 2013 |
Status: | Exited |
Headquarters: | Vancouver, WA |
Exit Date: | May 2017 |
Acquirer: | Accuride Corporation |
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