Koch Equity Development to partner with BDT Capital Partners and Penske to acquire Truck-Lite
Clients Koch Industries, Inc.
Jones Day is advising Koch Equity Development LLC (KED), the investment and acquisition subsidiary of Koch Industries, Inc., in connection with the acquisition of Truck-Lite Co., LLC, alongside BDT Capital Partners, LLC (BDT), through its investment funds. KED and BDT will partner with Penske Corporation in connection with the transaction. Truck-Lite is a leading provider of safety lighting and filtration systems for commercial vehicles as well as LED lighting to the off-road industry, and is currently owned by Penske and funds affiliated with Kelso & Company.