Thetford Corporation Acquired by Private Investment Firm
RV Parts Manufacturer Will Continue to Produce OEM Products.
Thetford Corporation, which makes OEM (original equipment manufacturer) parts for the RV industry, has been acquired by private investment firm Monomoy Capital Partners. In a joint press release issued last week, the two companies confirmed the acquisition, strengthening Thetford and Monomoy’s positions in the rapidly growing RV market.
Founded in 1963, Thetford manufactures sanitation, refrigeration, and culinary solutions for recreational vehicles and the marine industry. It is headquartered in Etten-Leur, Netherlands and currently operates in every major market globally, with facilities in ten countries—including its US HQ in Ann Arbor, MI.
Monomoy Capital Partners manages five individual investment funds totaling $2.8 billion. The firm strategically invests in middle-market businesses primarily operating in the US and Europe, bringing an influx of capital to improve operations and financing.
“I look forward to partnering with the Monomoy team as Thetford enters the next phase in its evolution,” Thetford CEO Stéphane Cordeille said in the press release. “Under Monomoy’s ownership, we will continue to focus on product quality, innovation, and excellent service.”
In that same press release, Monomoy Co-CEO Justin Hillenbrand said, “Thetford’s management team has built a global brand within the RV market that has a long-standing, enthusiast customer base. It has developed strong customer relationships driven by its focus on product quality and customer service.”
He added, “Thetford is uniquely positioned to benefit from strong RV demand and an increasing RV installed base that will provide the opportunity to grow its aftermarket business for years to come.”
For more on Thetford and its line of products, visit thetford.com.