GREENWOOD VILLAGE, Colo. — Aftermarket wheel producer and distributor Wheel Pros L.L.C. is bidding to buy Transamerican Auto Parts (TAP), including the Pro Comp tire brand and TAP's network of 100-plus 4 Wheel Parts retail stores.
The transaction, from Polaris Inc., is expected to close in the third quarter. Financial terms were not disclosed. The deal would be Wheel Pros' second acquisition in 2022.
Compton-Calif.-based TAP manufactures, distributes, sells and installs off-road Jeep and light truck parts and accessories under the brand names Smittybuilt, Pro Comp, Rubicon Express, Poison Spyder, GT and 4WP. According to Wheel Pros, TAP generated nearly $760 million in revenue last year.
Off-road vehicle maker Polaris Industries bought TAP in 2016 in a $665 million deal it hoped would generate synergies with its existing businesses.
Randy White, co-founder and CEO, and Brian Henderson, chief strategy officer, at Wheel Pros, said TAP's product portfolio, proprietary brands, manufacturing capabilities "and omnichannel platform have resulted in an automotive and off-roading enthusiast following that we have long admired.
"We look forward to working with the TAP team as we undertake new initiatives to accelerate the growth of the combined business and continue to drive value for our customers, suppliers, and partners."