Brand news

Thetford set to be acquired by Monomoy Capital Partners

Thetford is set to be acquired by New York-based private investment firm Monomoy Capital Partners.

Dyson-Kissner-Moran Corporation, which has owned Thetford for the past three decades, will retain a meaningful equity interest.

Monomoy co-CEO Justin Hillenbrand said: “We are excited to partner with [current Thetford CEO] Stéphane Cordeille and the rest of the Thetford management team.

“Thetford’s management team has built a global brand within the RV market that has a long-standing, enthusiast customer base.

“It has developed strong customer relationships driven by its focus on product quality and customer service.

“We look forward to growing the business organically as well as through mergers and acquisitions and believe Thetford is uniquely positioned to benefit from strong RV demand and an increasing RV installed base that will provide the opportunity to grow its aftermarket business for years to come.”

Stéphane Cordeille will continue on as the company’s global CEO, based out of its Etten-Leur, Netherlands office.

He said: “I look forward to partnering with the Monomoy team as Thetford enters the next phase in its evolution.

“We are confident that their operational playbook, deep knowledge of our industry and end-markets and eagerness to further ingrain Thetford as the go-to supplier across the RV OEM and aftermarket channels will drive continued success going forward.

“Under Monomoy’s ownership, we will continue to focus on product quality, innovation and excellent service.”

As well as a Netherlands headquarters, Theford also has a US office in Ann Arbour, Michigan.

The transaction remains subject to customary closing conditions and regulatory approval.

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