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
KIC LLC