Capstone Announces Sale of BedRug

BedRug, a manufacturer of truck bed protection products including bedliner and bed mats has been acquired by THI, the parent company of Extang and Truxedo. The undersigned initiated this transaction and represented Wise Industries, Inc., the owner of BedRug.

The acquisition was overseen by Capstone Financial Group, an investment banking firm which provides financial advisory services to private middle market companies. The firm’s services include mergers and acquisitions, distressed advisory and restructuring, valuations and fairness opinions, and private placements of debt and equity. The firm was founded in 1988 and operates from its offices in Hilton Head, SC and Detroit, MI.