Truck Hero (THI), a company backed by TA Associates and Kinderhook Industries, announced it will postpone its planned IPO due to unfavorable market conditions. The company, which designs, manufactures and markets branded consumer accessories for pickup trucks, planned to list on the NYSE under the symbol TRUK. THI estimated its share price would be between $17 and $19, giving the company a market cap of almost $710 million at midpoint pricing. In an SEC filing, the business reported it had “substantial debt” which could impact its financial health. Kinderhook has backed the company since 2007; TA Associates acquired a majority interest in THI in July of last year.