Graycliff Partners Announces Investment in Boss Industries
Graycliff Partners LP is delighted to announce its acquisition of Boss Industries, LLC (“Boss”), a leading innovator in power take-off (PTO) and engine-driven air technology. Boss specializes in providing a comprehensive range of vehicle-integrated air compressors, generators, spray coating solutions, and vapor recovery systems. This acquisition marks a significant milestone for both companies as they join forces to accelerate growth and expand their market impact.
About Boss Industries
Established in 1988, Boss Industries has become a key player in the manufacturing and supply of air compression technology. With its headquarters in La Porte, Indiana, Boss stands out as a trusted partner to the vehicle upfitting and work-truck industry. Its Graycliff Partners cutting-edge engineering and domestic manufacturing capabilities enable Boss to deliver innovative solutions tailored to customer needs. By prioritizing uptime and operational efficiency, Boss has positioned itself as a reliable partner for industries requiring robust air compression and power systems.
The company’s diverse product portfolio includes:
- Work-Truck Integrated Air Compression and Power Solutions: These products are essential for vehicle upfitting and fleet operations.
- Spray Foam and Specialty Coating Applications: Servicing the building products and infrastructure sectors.
- Vapor Recovery Units (VRUs): Designed for the domestic energy and renewable energy industries to promote environmental sustainability.
Boss continues to innovate across its product lines, ensuring it meets the evolving demands of its customers while maintaining the highest standards of performance and reliability.
Strategic Partnership and Shared Vision
The acquisition represents a strategic partnership between Graycliff Partners and Boss Industries. This collaboration is rooted in a shared vision for growth, innovation, and market leadership.
Andrew Trigg, Managing Partner at Graycliff, expressed his enthusiasm for the acquisition, stating:
“Boss is a great industrial products business that clearly serves an important place in the market as a partner to some of the largest vehicle upfitters and fleet managers in North America. We are thrilled to partner with Todd and his team and be part of the impressive growth trajectory at Boss.”
Boss’s President and CEO, Todd Hudson, also shared his optimism about the partnership, saying:
“I’m excited about the prospects for Boss and the partnership with the team at Graycliff, who have been steadfast in their commitment to maintaining our culture of innovative engineering and customer-focused product development.”
Will DeBruyn, Principal at Graycliff, added:
“Todd has built a great business, and we’re honored to partner with him and the talented management team at Boss to build on the continued success of the company.”
Growth Plans and Market Expansion
The collaboration between Graycliff and Boss Industries is set to focus on both organic and inorganic growth strategies, leveraging their combined expertise to expand their reach and capabilities. This includes:
- Strengthening Customer Relationships: Deepening ties with existing customers while pursuing new partnerships.
- Expanding Product Development: Innovating new solutions to address emerging needs across various industries.
- Exploring Acquisitions: Identifying and integrating complementary businesses to enhance market share and product offerings.
With these strategies, Graycliff and Boss aim to meet the growing demand for air compression, power solutions, and environmentally conscious technologies in an increasingly competitive market.
About Graycliff Partners LP
Graycliff Partners LP is a prominent investment firm specializing in lower-middle-market investments. The firm focuses on sectors such as manufacturing, business services, and value-added distribution. Through dedicated equity and credit funds, Graycliff provides the capital needed for acquisitions, management buyouts, recapitalizations, and growth initiatives.
Graycliff’s commitment to sustainable growth and partnership-driven success aligns perfectly with the mission of Boss Industries. This acquisition highlights Graycliff’s ability to identify and support businesses poised for significant advancements, reinforcing its reputation as a trusted investment partner.
A Promising Future
Together, Graycliff Partners and Boss Industries are set to redefine the standards of innovation and service in the air compression and power solutions industry. With a strong foundation of engineering excellence, customer-centric development, and strategic vision, this partnership is well-positioned to drive success and shape the future of the markets they serve.
This acquisition not only cements Boss Industries’ standing as a leader in its field but also signals a new era of growth and opportunity, fueled by Graycliff’s investment and strategic expertise.
