Challenger Lifts Hoisted onto Snap-on, Gen Cap Exits
May 16, 2013
Gen Cap America has sold Challenger Lifts, a portfolio company since 2010, to Snap-on (NYSE: SNA). Brookwood Associates served as Challenger's exclusive financial advisor in the sale. Based in Louisville, the acquired company designs and makes vehicle lifts and accessories used by the automotive repair sector. Gen Cap made its original investment in the company through its Southvest Fund VI vehicle.