Lippert Acquires Ranch Hand Equipment, LLC
The purchase further expands the equipment manufacturer’s presence in the automotive aftermarket.
LCI industries, through its wholly-owned subsidiary Lippert Components Inc., yesterday announced it will acquire Kaspar Ranch Hand Equipment, LLC. Ranch Hand is a South Texas based manufacturer of custom bumpers, grill guards, and steps for the automotive aftermarket.
“With the Ranch Hand acquisition, we are further supporting our dedication to becoming a large player in [automotive accessory aftermarket] space,” said Jamie Schnur, Group President of Lippert’s Aftermarket business. “Ranch Hand’s brand presence in the space is well-respected. Consumers view its front bumpers as a premium accessory, in large part due to the added level of safety for the truck owner.”
Prior to the sale, Ranch Hand was a subsidiary of the Kaspar Companies, a fifth-generation family-owned company headquartered in Shiner, Texas. Founded in 1986, Ranch Hand pioneered the heavy-duty truck accessory market by being one of the first manufacturers that designed and engineered custom equipment specifically matched to the owners’ vehicles.
“We have worked hard to grow the Ranch Hand brand over the last 20 years and are glad that it is in the hands of a company with the success record of Lippert,” said Jason Kaspar, Chief Executive Officer of the Kaspar Companies.
Kaspar continued, adding, “Ranch Hand products, as well as its culture, fits very nicely into Lippert’s portfolio of automotive products. The two company’s core values are very much in sync, where everyone feels supported and are treated like family. In the end this was very important to us as we made this decision. We thank all the Ranch Hand team members for their hard work and dedication and rest assured they are in good hands with the family at Lippert.”