Dicor Corporation, Inc. of Elkhart, IN has been acquired by Airxcel, Inc. of Witchita, KS, a portfolio company of One Rock Capital Partners. Sperry, Mitchell & Company initiated this transaction, assisted in negotiations and served as exclusive financial advisor to Dicor Corporation.
Dicor Corporation, Inc. (www.dicor.com) is a leading designer, manufacturer, and distributor of specialty parts, components, and accessories for the Recreational Vehicle Aftermarket and OEM markets, as well as to a growing list of other industries, such as Specialty Vehicle, Marine, Transit, and Construction. The company offers a comprehensive range of value-added product lines that are designed to enhance the functionality, durability, and appearance of its customers’ products. Products include premium roofing membranes and sealant solutions, heavy-duty wheel covers, advanced-design window coverings & shade systems, and engineered composite panels. Dicor Corporation’s family of affiliates includes Dicor Products, United Shade, Vixen Composites, and Seal Design. Dicor was founded in 1984 and is based in Elkhart, IN.
Airxcel, Inc. (www.airxcel.com) is a leading designer and producer of heating, ventilating, air conditioning, and appliance products serving worldwide specialty markets. The company offers its products through the Coleman-Mach, Maxxair, MCD, Suburban, Marvair, and Industrial Climate Engineering brands. Airxcel was founded in 1991 and maintains locations in Kansas, Tennessee, Georgia, Texas, and Indiana.
One Rock Capital Partners (www.onerockcapital.com) is a private equity firm that invests in companies with strong potential for growth and improvement. One Rock utilizes highly experienced Operating Partners in identifying and acquiring businesses in select industries. One Rock also has a unique strategic relationship with Mitsubishi Corporation, which can provide strategic resources to portfolio companies.
Sperry, Mitchell & Company, Inc. (www.sperrymitchell.com) is an investment banking firm specializing in middle-market merger and acquisition advisory services. Since the firm’s founding in 1986, Sperry Mitchell has completed over 300 transactions in a wide range of industries, with values ranging from $10 to $450 million.
